Levy Changes, Capping & Clawbacks

The following link to the Region’s updated Tax Capping and Clawback outlining the 2018 policy changes, the approved policies and the resulting claw back rates.

Region Tax Capping and Clawback 
 

YEAR		Multi-Residential	Commercial	Industrial
2019	Capping and Threshold Parameters Used
	Annualized Tax Limit	10%	10%	10%
	Prior Year CVA Tax Limit	10%	10%	10%
	CVA Tax Threshold – Increasers	$500	$500	$500
	CVA Tax Threshold – Decreasers	$50	$50	$50
	Levy Change	2.4761%	1.8000%	1.9049%
	Decrease Clawback	0.0000%	0.0000%	0.0000%
	Decrease Retained	100.0000%	100.0000%	100.0000%
2018	Capping and Threshold Parameters Used
	Annualized Tax Limit	10%	10%	10%
	Prior Year CVA Tax Limit	10%	10%	10%
	CVA Tax Threshold – Increasers	$500	$500	$500
	CVA Tax Threshold – Decreasers	$50	$50	$50
	Levy Change	2.2087%	2.1613%	1.6788%
	Decrease Clawback	0.0000%	2.6082%	0.0000%
	Decrease Retained	100.0000%	97.3918%	100.0000%
2017	Capping and Threshold Parameters Used
	Annualized Tax Limit	10%	10%	10%
	Prior Year CVA Tax Limit	10%	10%	10%
	CVA Tax Threshold – Increasers	$500	$500	$500
	CVA Tax Threshold – Decreasers	$500	$500	$500
	Levy Change	1.6625%	1.7698%	-1.0060%
	Decrease Clawback	0.0000%	9.5542%	1.1417%
	Decrease Retained	100.0000%	90.4458%	98.8583%
2016	Capping and Threshold Parameters Used
	Annualized Tax Limit	10%	10%	10%
	Prior Year CVA Tax Limit	5%	5%	5%
	CVA Tax Threshold – Increases	$500	$500	$500
	CVA Tax Threshold – Decreasers	$500	$500	$500
	Levy Change	2.6068%	2.4431%	1.9178%
	Decrease Clawback	0.0000%	37.7995%	27.8993%
	Decrease Retained	100.0000%	62.2005%	72.1007%