2019 Tax Bills

May 25, 2019 | Debbie in the Community | 0 comments

In April Council approved a tax levy increase of 2.3% for the Township share of property taxes.  In the May 27 Council agenda there is a report presenting the 2019 property taxes for the various assessment classes. Total tax rate is a blend of Township, Regional and Education levies in accordance with ratios set by York Region.  For 2019 the total residential property tax rate in King is reduced 4.87%.  On a property specific basis the change in the property tax bill can be estimated by comparing the change in the assessment value in 2019 vs 2018.  If that change is an increase of 6.38% or more there will be an increase of in the property tax bill; if the change in assessment is less than 6.38% the tax bill be less.  For perspective, 30% of residential properties will see a decrease.

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