The 2021 Operating Budget Contains An Overall Property Tax Increase of 1.8 percent To The Taxpayer
“We know that residents and businesses are facing financial challenges as a result of the COVID-19 pandemic. The 2021 budget reflects our efforts to ensure Niagara is responsive to this crisis while continuing to deliver the supports and services our residents rely on.” – Niagara Regional Chair Jim Bradley
A News Release from Niagara’s Regional Government
Posted January 22nd, 2021 on Niagara At Large
Niagara, Ontario – At its meeting on January 21st, Niagara Regional Council approved a budget for 2021 that ensures the municipality can continue to provide a high level of service while minimizing the effects of the COVID-19 pandemic on residents.
The Niagara Region budget is made up of three components: the levy operating budget, rate operating budgets, and the capital budget. The 2021 operating budget contains an overall property tax increase of 1.8 percent to the taxpayer.
For the average property assessed at $278,764, the Regional portion of the tax bill will increase by $29, totalling $1,640 in 2021.
As part of 2021 budget deliberations, the Region undertook a comprehensive public engagement process. The budget engagement exercise reaffirmed our residents’ desire to see the Region continue to support population and economic growth initiatives and ensure Niagara’s most vulnerable citizens are cared for.