Brampton City Increases Overall 5.7% Property Tax Including 2.9% City’s Share

The tax increase this year will be greater than the previous four years combined. 

Team Parvasi – Inside

On March 9, the Brampton city council passed the city’s budget for 2023.

Council approved a 2.9% tax increase, which, when combined with a 2.8% increase from the Region of Peel and a 0% increase from the school board, results in a 5.7% overall property tax increase.

For the past four years, there have been no tax increases on the city’s portion of the levy, but property taxes have increased each of those years due to regional increases. The tax increase this year will be greater than the previous four years combined.

The increase is expected to add $321 to the average household’s tax bill for residential properties this year, generating slightly more than $36.7 million in additional revenue for the city.

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Over that four-year period, the total combined property tax increase was 1.4 percent in 2019, 1.3 percent in 2020, 1.09 percent in 2021, and 1.5 percent in 2022, for a total of 5.29 percent.

Brampton Mayor Patrick Brown said, “I think it’s a budget we can all be proud of. It’s a healthcare budget that really enables the construction of a new hospital and a med school. It makes major investments in recreation and seniors.” He further added, “I would note that despite this being our first (tax) increase in five years, it’s also the smallest in the region. If you look at the increases in Mississauga and Toronto, we have once again been an example of fiscal responsibility knowing the pressures that are facing our residents.”

Prabhnoor Kaur

NEWS

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