2012 Budget

Council has approved its 2012 Budget with a 1.5% tax rate increase, well below the current rate of inflation of 2.3%.

Markham was the only GTA municipality to achieve a zero tax rate increase in 2009, 2010 and 2011 through an extensive program to find operational efficiencies, and by tracking past operating costs to look for savings when planning for future costs.

After extensive reviews by staff and the Budget Sub-Committee, Markham was able to keep the 2012 tax rate increase well below the cost of inflation and currently the lowest 2012 tax rate increase in the GTA. This will ensure adequate funding to manage new infrastructure growth and increased services.

Markham’s 2012 budget – totalling $381.0-million – includes $171.55-million Operating Budget, $106.84-million Capital Budget, $81.64-million Waterworks Budget, $7.97-million Building Services Budget, $6.69-million for Planning and Design, and $6.31-million Engineering Budget. Overall, Markham receives about 25 cents of every dollar of residential property taxes collected, with the remainder divided between education (25 cents) and the Region of York (50 cents).

Property Taxes & Assessments

Property Taxes

Residential property taxes are determined by multiplying your current value assessment by the tax rate established annually. The Town Markham collects property taxes on behalf of the Town, the Region of York and Boards of Education.

Property taxes are billed twice annually. The interim bill is usually mailed in late January and is due in three installments. The final tax bill is usually mailed in June and is due in three installments.

For information about taxes levied on behalf of the Region of York, please call 905-731-0201.

Property Assessment

If you have questions about your property assessment please call the Municipal Property Assessment Corporation (MPAC) at 1-866-296-6722.