The 2016 Budget and Your Property Taxes

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On Dec. 15, Vaughan Council approved the 2016 budget and kept its promise to you to not raise taxes by more than three per cent in 2016.

The budget includes a 2.9 per cent residential tax increase, $14 million in savings and more than 700 capital projects that will enhance the quality of life for everyone in the community.

Next year’s residential property tax increase represents an additional $38 per year or $3.17 per month for the average home in Vaughan assessed at $626,000. The increase means the City can continue to provide the best value for your hard-earned tax dollars.

A lot of hard work has gone into creating this budget, which allows the City to focus its resources to support the community now and plan for the future. It will also position the City to address the issues that are important to you, like traffic, infrastructure and parks.

Where your taxes go

Your property tax bill may come in a City of Vaughan envelope, but less than 30 per cent of your property taxes go to the City of Vaughan.

Budget infochart

What your taxes pay for

Your property taxes are the primary source of funding for more than 200 of the City’s programs and services that you and your family enjoy.

Here are some highlights of how your tax dollars are put to use:

  • Public Works collects waste, maintains street and traffic lights, and clears roads during the winter
  • Community Services offers recreation programs, such as swimming, dance and fitness
  • Vaughan Fire and Rescue Service helps keep residents safe
  • Capital Investment and Debt Servicing builds and repairs City infrastructure (roads, pipes, buildings)
  • Vaughan Public Libraries provides books, resources and programs

 

For more information on the budget, visit vaughan.ca/budget, email budgeting@vaughan.ca or call 905-832-2281.

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