Commercial and industrial property tax rates decreased in almost every GTHA municipality in 2017, when compared to 2016 rates. Commercial rates dropped, on average, about 0.03 per cent, while industrial fell 0.09 per cent. Hamilton continues to have the highest overall business tax rates in the GTHA, while Markham continues to have the lowest. Across the region, municipalities decreased their industrial tax rates over 2016 rates, with Oshawa having the greatest decrease at 0.26231 per cent. The only municipality to raise both its commercial and industrial rates was King, which increased its commercial rate by 0.03 per cent, and its industrial rate by 0.04 per cent.
The Macchiusi Sales Team - Weiss Realty Ltd. Real Estate Brokerage (2022)
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