On Thursday March 8, 2018 City Council approved the 2018 Budget that will see an average property tax increase of 3.9% in Ward 1. This will allow the City to build on its 2017 accomplishments and make significant ongoing investments in the growth of our city and the health and well-being of Hamilton residents.
It is important to let you know that Ward 1 has a higher than average increase in Hamilton due to the Municipal Property Assessment Corporation (MPAC) assessed land values. To learn more about the MPAC Assessment and how it relates to your property tax, click here.
To better understand how your tax money is being spent, below is a graphic image that shows how the tax money is distributed. Click on the image to enlarge.
The City also takes in revenues annually from recreation user fees, government grants and subsidies, license and permit fees and property tax revenue, including revenue from the Ontario Lottery and Gaming Corporation (OLG), which provided $5.3 million in revenue in 2017, helping to offset annual costs of delivering programs and services.
2018 Budget – www.hamilton.ca/Budget2018
2018 – 2021 Multi-year Business Plans www.hamilton.ca/BusinessPlans
City of Hamilton Strategic Plan 2016 – 2025 www.hamilton.ca/StrategicPlan