I was looking into Brampton's property tax increases over the last four years, and the numbers caught my attention.
According to official City of Brampton and Region of Peel tax records, here are the combined residential property tax rates:
Year Residential tax rate
2022 0.980781%
2023 1.039311%
2024 1.106851%
2025 1.200644%
2026 1.253381%
That's an increase of approximately 27.8% from 2022 to 2026.
The calculation is straightforward:
(1.253381 − 0.980781) ÷ 0.980781 × 100 = 27.79%
What does that mean in actual dollars?
For example, take a home with an assessed value of $500,000, assuming its assessment remained unchanged.
- 2022 property tax: approximately $4,904
- 2026 property tax: approximately $6,267
- Difference: about $1,363 more per year.
These are combined tax rates, including the City of Brampton, Region of Peel and education portions. Individual tax bills can vary.
My question is: Are any Brampton mayoral candidates proposing a realistic plan to reverse these tax increases and bring property taxes closer to what residents were paying four years ago?
If so, how would they make it happen without affecting essential city services?
Curious to hear what other Brampton residents think.