2023 Education Property Tax Levy and Clawback Rate By-Law

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The decision

2023-05-10 · Toronto City Council · amended

As filed

City Council on May 10, 11 and 12, 2023, adopted the following: 1. City Council adopt the 2023 tax rates for school purposes, as shown in Column II, which will generate an education tax levy on rateable properties for 2023 in the total amount of $2,140,137,916 in accordance with Ontario Regulation 400/98 as amended, prescribing such rates for the City of Toronto, of which $4,804,288 (0.2 percent of the total education

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levy) is to be retained by the City pursuant to Ontario Regulation 121/07: Column I Column II Property Class 2023 Tax Rates for Education Levy Residential 0.153000 percent Multi-Residential 0.153000 percent New Multi-Residential 0.153000 percent Commercial 0.880000 percent Commercial Shared Payment-in-Lieu 0.980000 percent Industrial 0.880000 percent Industrial Shared Payment-in -Lieu 1.067220 percent Pipelines 0.880000 percent Farmlands 0.038250 percent Managed Forests 0.038250 percent 2. City Council adopt reductions in tax decreases for the 2023 taxation year on properties in the commercial, industrial and multi-residential property classes by the percentage of the tax decrease set out in Column II in order to recover the revenues foregone as a result of capping, and to allow the decrease percentages set out in Column III: Column I Column II Column III (Property Class) (Clawback Percentage) (Allowable Decrease) Commercial 70.003192 percent 29.996808 percent Industrial 41.654010 percent 58.345990 percent Multi-residential 79.448408 percent 20.551592 percent 3. City Council authorize the introduction of the necessary Bills in Council to give effect to City Council's decision. 4. City Council request the Government of Ontario to allow the City of Toronto to keep 100 percent of the property taxes collected within the City of Toronto.

The vote

Amend Item (Additional) · Carried, 14-9

For (14)Amber Morley, Anthony Perruzza, Chris Moise, Frances Nunziata, Gord Perks, James Pasternak, Jaye Robinson, Jon Burnside, Josh Matlow, Lily Cheng, Michael Thompson, Nick Mantas, Paul Ainslie, Vincent Crisanti

Against (9)Alejandra Bravo, Ausma Malik, Brad Bradford, Dianne Saxe, Jamaal Myers, Jennifer McKelvie, Mike Colle, Paula Fletcher, Stephen Holyday

Absent (2)Gary Crawford, Shelley Carroll

The whole record, all 25 members

Every name opens that member’s record.

On the agenda

As the city filed it

This report recommends adoption of the 2023 education tax rates and education property tax levy for school purposes, as required by legislation. The City of Toronto levies and collects education taxes on behalf of the Province of Ontario, based on the education tax rates set out in Ontario Regulation 400/98. In February 2023, City Council adopted the recommendation to continue the policy of limiting (capping) allowable tax increases to a maximum of 10% of a property's prior year's annualized taxes, for any property in the commercial, industrial and multi-residential tax classes that would otherwise experience a property tax increase of greater than 10% and where the tax increase is greater than $500.

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This report also recommends the 2023 percentage of the tax decreases (the 'clawback' rates) required to fund the capping limit on properties in the commercial, industrial and multi-residential property classes, as provided for by legislation. It has been long standing City Council policy to adopt clawback rates sufficient to fund forgone revenues arising from its adopted tax increase capping policy, and as provided for by legislation.

Staff recommended

The Chief Financial Officer and Treasurer recommends that: 1. City Council adopt the 2023 tax rates for school purposes, as shown in column II, which will generate an education tax levy on rateable properties for 2023 in the total amount of $2,140,137,916 in accordance with Ontario Regulation 400/98 as amended, prescribing such rates for the City of Toronto, of which $4,804,288 (0.2 percent of the total education levy)

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is to be retained by the City pursuant to Ontario Regulation 121/07: Column I Column II Property Class 2023 Tax Rates for Education Levy Residential 0.153000% Multi-Residential 0.153000% New Multi-Residential 0.153000% Commercial 0.880000% Commercial Shared Payment-in-Lieu 0.980000% Industrial 0.880000% Industrial Shared Payment-in -Lieu 1.067220% Pipelines 0.880000% Farmlands 0.038250% Managed Forests 0.038250% 2. City Council adopt reductions in tax decreases for the 2023 taxation year on properties in the commercial, industrial and multi-residential property classes by the percentage of the tax decrease set out in Column II in order to recover the revenues foregone as a result of capping, and to allow the decrease percentages set out in Column III: Column I Column II Column III (Property Class) (Clawback Percentage) (Allowable Decrease) Commercial 70.003192% 29.996808% Industrial 41.654010% 58.345990% Multi-residential 79.448408% 20.551592% 3. City Council authorize the introduction of the necessary bills in Council to give effect to Council's decision.

Considered

2023-05-02 · Executive Committee · adopted
Decision as filed
The Executive Committee recommends that: 1. City Council adopt the 2023 tax rates for school purposes, as shown in column II, which will generate an education tax levy on rateable properties for 2023 in the total amount of $2,140,137,916 in accordance with Ontario Regulation 400/98 as amended, prescribing such rates for the City of Toronto, of which $4,804,288 (0.2 percent of the total education levy) is to be retained
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by the City pursuant to Ontario Regulation 121/07: Column I Column II Property Class 2023 Tax Rates for Education Levy Residential 0.153000 percent Multi-Residential 0.153000 percent New Multi-Residential 0.153000 percent Commercial 0.880000 percent Commercial Shared Payment-in-Lieu 0.980000 percent Industrial 0.880000 percent Industrial Shared Payment-in -Lieu 1.067220 percent Pipelines 0.880000 percent Farmlands 0.038250 percent Managed Forests 0.038250 percent 2. City Council adopt reductions in tax decreases for the 2023 taxation year on properties in the commercial, industrial and multi-residential property classes by the percentage of the tax decrease set out in Column II in order to recover the revenues foregone as a result of capping, and to allow the decrease percentages set out in Column III: Column I Column II Column III (Property Class) (Clawback Percentage) (Allowable Decrease) Commercial 70.003192 percent 29.996808 percent Industrial 41.654010 percent 58.345990 percent Multi-residential 79.448408 percent 20.551592 percent 3. City Council authorize the introduction of the necessary Bills in Council to give effect to City Council's decision.
2023-05-10 · Toronto City Council · amended

On the record

The item as the City filed it

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