Oakville is committed to striking a healthy balance between offering valued services and programs to residents, making strategic investments in community and infrastructure priorities, and keeping the overall tax increase in line with inflation.
On March 31, 2015, meeting its commitment to keep the total property tax increase in line with inflation, Oakville Council unanimously approved a 2.79 per cent increase to the town’s portion of the tax bill for an overall property tax increase of 1.7 per cent. This means that residential property taxes would increase by $14.88 per $100,000 of assessment, meaning a home assessed at $400,000 would pay an additional $59.52 per year or $1.14 per week.
The increase to the town’s portion of the tax bill includes a 1.63 per cent increase for the costs of providing town programs and services, and a 1.16 per cent increase in funding for infrastructure renewal.
The approved $461 million combined budget for the town’s operating and capital requirements will provide over 60 wide ranging programs and services including winter road maintenance, parks and trails, harbours, transit, emergency services, recreation and culture, senior services, libraries, and keep the town’s 1,900 kilometres of roads and 1.9 million square feet of community facilities in a state of good repair.
Council also approved that the overall property tax increases for 2016-2018 be in line with inflation.
Learn more about the town’s 2015 Budget.