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Dashboard of Economic Indicators

Taxable Assessment Base

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Data source – Municipal Property Assessment Corporation

  • In 2017 (and for the 2018 tax year), Peel’s total taxable assessment base grew by 1.44 per cent, representing a faster pace of growth when compared with the increase of 1.31 per cent registered in 2016.
  • The acceleration in growth came after two years in which growth slowed and reflected stronger growth in both the residential and non-residential sub-sectors, as well as in all three local municipalities.
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Data source – Municipal Property Assessment Corporation
  • Total residential assessment base increased by 1.53 per cent in 2017, up from a growth of 1.44 per cent attained in 2016, while growth in total non-residential assessment base grew by 1.08 per cent in 2017, up from 0.80 per cent recorded in 2016.
  • Between 2016 and 2017, growth in Peel’s three municipalities strengthened as follows:
    • City of Brampton: 2.72 per cent, up from 2.50 per cent;
    • Town of Caledon: 2.77 per cent, up from a growth of 2.04 per cent; and
    • City of Mississauga: 0.53 per cent, up from 0.49 per cent.
  • In the Cities of Brampton and Mississauga, growth in 2017 was led by the residential sub-sectors with respective growth rates of 2.93 per cent and 0.57 per cent.
  • However, growth in non-residential taxable assessment base supported with increases of 1.7 per cent in the City of Brampton and 0.40 per cent in the City of Mississauga.
  • In the Town of Caledon, the non-residential sub-sector registered a growth of 7.88 per cent in 2017 to lead the growth registered, but residential assessment base also grew (1.99 per cent) to influence the 2.77 per cent growth in the total taxable assessment base.