According to the results of independent study, Kitchener’s property taxes continue to rank lower than most of Ontario’s 26 largest cities. Waterloo is just above the average. Cambridge is lower than Kitchener! See graph below.
Our final property tax bill is made up of three main components:
Education taxes – This tax rate is set by the Province of Ontario and remitted to the local school board you support – either the Waterloo Region District School Board or the Waterloo Catholic District School Board.
Municipal taxes – The tax rate to cover the costs of supplying municipal services is based on city council’s adoption of our annual budget. Revenues from provincial grants, user fees and other sources are deducted from the total expenditures, resulting in a final amount that needs to be raised through taxation.
Regional taxes – A portion of the tax bill for all residents of Waterloo Region goes back to the region to support their role in supplying various services including transit, garbage and recycling, housing and emergency services.