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The 2016 Budget includes a 2.28 per cent tax rate increase to support day-to-day city operations, and a 0.16 per cent tax rate increase for continuing costs associated with the December 2013 ice storm.2016 City Budget Pie Chart
The 2.44 per cent tax rate increase represents an additional $27.52 for the average residential household in Markham.
Based on public reports on 2016 municipal tax rate increases, Markham’s eight-year tax rate increase of 10.43 per cent or 1.3 per cent per year is the lowest among 27 GTHA municipalities.
The 2016 Budget includes $2.71 million for growth-related services, including maintenance for 19 km of new roads and 69 acres of parkland, and an increase of 2,700 tonnes for waste collection associated with servicing 1,222 new homes and 2,335 new high rise units in Markham.
Markham collects property taxes on behalf of York Region and the Province of Ontario, with more than 50 per cent of all Markham taxes going to York Region. The City of Markham retains about 25 per cent of the taxes collected with the remaining 25 per cent going to the Province for education.
2016 Budget Highlights
$23.02 million to address the renewal of existing assets
$12.55 million for the design and construction of 19 new city parks totaling 66.9 acres of parkland
$3.24 million for 3 new pedestrian bridges and 0.75 km of new multi-use pathways
$6.58 million for the West Thornhill Flood Control Program
（Source: City of Markham） |
