Niagara’s biggest tax hike in a decade
Residents in Niagara will see a sharp increase in the amount of taxes they will be paying next year as the Regional government passed its 2020 budget last Thursday night. The increases include a 5.92 per cent overall property tax increase, a 5.15 per cent hike on the water and waste water tax bill as well as a 9.9 per cent increase for waste management services despite a reduction in waste management services. It’s the largest tax increase in at least a decade. For the average property assessed at $277,044, the Regional portion of the tax bill will increase by $86, totalling $1,602 in 2020 according to staff. This does not include local municipal taxes which will increase as well with the exception of Welland which is looking at a tax decrease for 2020.