Properties in the commercial, industrial and multi-residential classes are subject to tax increases capped or limited to 10% over the prior year's annualized taxes. Municipal budgetary increases are in addition to the 10% cap limit. For properties that are decreasing under the capping legislation, a portion of the tax decrease is withheld to fund the cap on tax increases. Please refer to Schedule 3 on the back of your tax bill for a detailed calculation of your taxes.

Capping and clawback schedules are also available for 2016 and 2017.

2018

Capping Parameters

Multi-Residential

Commercial

Industrial

Annualized Tax Limit

10.00%

10.00%

10.00% 

Prior Year Current Value Assessment (CVA) Tax Limit

10.00% 

10.00%

10.00% 

CVA Threshold - Increasers

500 

500 

500 

CVA Threshold - Decreasers

500

500

500

Capping Clawback and Retained Portions

Multi-Residential

Commercial

Industrial

Clawback Percentage

0.00%

6.7200%

1.6629%

Retained Percentage

100.00%

93.2800%

983371%

Overall Levy Change Factor

Multi-Residential

Commercial

Industrial

 

1.9692%

1.9931%

1.3029%