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Taxable Assessment Base

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Data source – Municipal Property Assessment Corporation

  • In 2016 (and for the 2017 tax year), the growth in Peel’s total taxable assessment base was 1.31 per cent.
  • This was slightly below the 1.35 per cent increase registered in the preceding year.
  • The growth in total taxable assessment base was achieved because growth continued in all its major sub-categories.
  • There was growth in all three Peel municipalities and in both residential and non-residential assessment base.
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Data source – Municipal Property Assessment Corporation
  • Viewed by municipalities, growth was distributed as follows:
    • City of Brampton: up 2.58 per cent as both residential (2.78 per cent) and non-residential (1.66 per cent) taxable assessment base grew.
    • Town of Caledon: up 2.14 per cent, buoyed by a 2.54 per cent increase residential assessment base.
    • City of Mississauga: up 0.48 per cent supported by growth in both residential (0.45 per cent) and non-residential (0.55 per cent) taxable assessment base.
  • The growth rates achieved in 2016 were lower than those registered in 2015 in all three municipalities.
  • Total residential assessment base increased by 1.44 per cent, a slightly lower pace of growth than the 1.46 per cent increase recorded in the preceding year.
  • Total non-residential assessment base also recorded a slower pace of growth in 2016 (0.81 per cent) than that registered in 2015 (0.92 per cent).