Source – Municipal Property Assessment Corporation |
- The total taxable assessment base in Peel increased by 1.74 per cent in 2011 (used for the 2012 tax year).
- This was comparable with the 1.78 per cent growth attained in 2010.
- Growth continued to characterize changes in both the residential and non-residential segments of the market:
- Total residential assessment increased by 1.83 per cent, a slight acceleration in the pace of growth relative to the 1.53 per cent registered in 2010; and
- Total non-residential assessment base grew by 1.43 per cent in 2011 compared with a growth of 2.59 per cent recorded in 2010.
- At 1.74 per cent, the gradual slowing in the growth in total taxable assessment since 2009 continued.
- Between 1999 and 2003, growth in Peel’s total taxable assessment base showed sustained acceleration, reaching a peak of 4.07 per cent in 2003.
- Between 2003 and 2007, the growth in Peel’s total taxable assessment decelerated to reach 1.57 per cent in 2007.
- Since 2008, growth has remained around the 2 per cent mark, registering
- 2.09 per cent in 2008;
- 1.86 per cent in 2009;
- 1.78 per cent in 2010; and
- 1.74 per cent in 2011.
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