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roperty taxes are the City of Pickering’s main source of revenue in providing day-to- day services and programs to its residents, and also assists with capital funding. Did you know that the property taxes collected reflect a percentage of the assessed value of your property? Learn more about how your property is assessed below.
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EXPLORING FUNDING SOURCES The City explores other sources of funding to help relieve the residential tax load and assist with providing a broad and diverse array of municipal services, programs, events, and critical infrastructure investments. This includes actively seeking out and applying for funding from both the Provincial and Federal Governments and participating in available grant programs. The City also explores naming rights partnerships and is part of a Municipal Contribution Agreement with Ontario Lottery Gaming Corporation for the recently-opened Pickering Casino Resort.
In October 2021, the City received $2,439,573 foritsfirstshareofthecasinorevenues,as municipality. These revenues will be reinvested back into the community by funding a number of important capital projects. While payments are to be issued on a quarterly basis, this inaugural payment was for the compressed period of July 26th to September 30th, for when Pickering Casino Resort was operating at less than 50% capacity due to COVID-19 indoor gathering restrictions.
PROPERTY ASSESSMENT The Municipal Property Assessment Corporation (MPAC) is responsible for assessing the value of your property.
In 2021, Pickering saw the lowest property tax increase in 20 years and also held the lowest tax rate of all Durham lakeshore municipalities. 28 | Your City Magazine - Issue 2
All property assessments in Pickering are available for viewing at Pickering City Hall and on MPAC’s website.
Property owners may apply to adjust taxes to reflectasignificantchangeintheirproperty assessment(i.e.demolitionorfire). Visit MPAC.ca or AboutMyProperty.ca to learn more.
