Markham has a new Flood Control Program. It will improve storm drainage capacity and limit surface and basement flooding risks in urban areas.
These flood control improvements will be funded through the new Stormwater Fee charged to all property owners; residential and non-residential. This new, annual fee of $47 per residential property and/or $29 per $100,000 (2016 rate) of Current Value Assessment (CVA) for non-residential properties is applied to the Final Tax bill for each property owner in Markham effective in fall 2015 for residential property owners and fall 2016 for non-residential business and vacant land property owners.
Who Will Pay the New Fee?
To help fund the program, a Stormwater Fee is charged to all properties in the City of Markham. This fee, combined with revenue from the Canada Gas Tax, will provide dedicated funds for both approved and future Stormwater infrastructure improvement projects City-wide.
Pursuant to the City of Markham’s By-law 2015-130 “The Non-Residential Stormwater Fee rate of $29 per $100,000 of CVA is to be adjusted to compensate for the average change in CVA.” The resulting annual adjustments to the non-residential Stormwater Fee rate are summarized in the table below:
||Non-Residential Rate per $100,000 in CVA
The adjusted non-residential Stormwater Fee rate is not retroactive – it is applicable to the year in which it was adjusted.