W. K. Lis
Superstar
With the Development Charges being cut by Doug Ford's government, the municipalities will have to get revenue to build the sewers, water mains, roads, etc.. Likely the property taxes will have to go up.
In Mississauga, the Residential Tax Rate is about 0.803063%. Residential Farm Awaiting Development I is about 0.240919%, but those Awaiting Development II is about 0.803063%.
We'll likely see the stage I tax rate disappear and replaced with stage II 0.803063% rate, to make up for the lost development charges.
From https://www.mississauga.ca/wp-content/uploads/2020/06/03093523/2021-Final-Tax-Rates.pdf
BTW. The Parking Lot Tax Rate is 1.866130%. Industrial Tax Rate is 2.115897%.
In Mississauga, the Residential Tax Rate is about 0.803063%. Residential Farm Awaiting Development I is about 0.240919%, but those Awaiting Development II is about 0.803063%.
We'll likely see the stage I tax rate disappear and replaced with stage II 0.803063% rate, to make up for the lost development charges.
From https://www.mississauga.ca/wp-content/uploads/2020/06/03093523/2021-Final-Tax-Rates.pdf
BTW. The Parking Lot Tax Rate is 1.866130%. Industrial Tax Rate is 2.115897%.