Waterloo residents sound alarm over proposal to increase city taxes by 23 per cent

Council will be provided a summary. Residents have until Friday to complete an online budget survey in the Engage Waterloo section of engagewr.ca.

The proposed tax increase is 7.5 per cent this year, followed by an increase of 7.3 per cent in 2025 and a further 6.4 per cent in 2026. Annual increases would be $110 this year, $116 in 2025 and $110 in 2026 for an average home.

“They’re drifting off into Fantasy Island because people are being stressed with these increases, and they’re going to drive more people out of their homes,” said John Waylett, a Cambridge resident who attended on behalf of Property Taxpayers Alliance, a grassroots group that advocates across the region.

A typical tax bill for city services is $1,475 today based on an assessed value of $405,000 which is not market value. This does not include taxes for schools and for the region that make up the bulk of property taxes and provide most municipal services.






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