Residents >> Property Taxes

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
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 – Increasers
$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%
         
2015
Capping and Threshold Parameters Used
     
 
Annualized Tax Limit
10%
10%
10%
 
Prior Year CVA Tax Limit
5%
5%
5%
 
CVA Tax Threshold – Increases
$250
$250
$250
 
CVA Tax Threshold – Decreasers
$250
$250
$250
         
 
Levy Change
3.9862%
2.7750%
2.9199%
 
Decrease Clawback
0.0000%
36.4202%
43.3936%
 
Decrease Retained
100.0000%
63.5798%
56.6064%