Municipal Tax Ratio Policy

City Council approved a tax ratio of 1.59 on March 22, 2021.  

The City’s annual budget determines how much it will need to raise from property owners to pay for civic services such as police, fire protection, road maintenance, transit, parks, recreation and snow and ice management.

The tax ratio policy determines how the tax revenue needed to cover those costs are split between residential and non-residential property owners. 

The approved ratio of 1.59 means that for every $1.00 in property tax that a residential property pays, a non-residential property will pay $1.59 on an equivalent assessment.