Tax Ratios and Rates By-law No. 0061-2026

Mississauga, Ontario · adopted 2026-04-29

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THE CORPORATION OF THE CITY OF MISSISSAUGA BY-LAW NUMBER 0061-2026 A by-law to establish the tax ratios and tax rates to levy the residential, commercial, industrial, multi-residential, new multi-residential, pipe line, farm and managed forests property taxes and to levy an amount upon public hospitals, universities and colleges for the year 2026 WHEREAS The Corporation of the City of Mississauga is required under Section 290(1) of the Municipal Act, 2001, S.O. 2001, c. 25, as amended (the "Municipal Act, 2001"), to adopt yearly estimates of all sums required during the year for the purposes of The Corporation of the City of Mississauga, including the sums required by law to be provided by Council for any local boards of The Corporation of the City of Mississauga; AND WHEREAS the Council of The Corporation of the City of Mississauga passed Resolution 0016-2026 on January 28, 2026, adopting the 2026 Business Plan and Budget; AND WHEREAS the 2026 Net Operating Levy is estimated at $789,732,834; AND WHEREAS it is necessary to establish tax ratios for the taxation year 2026 by the Council of The Corporation of the City of Mississauga pursuant to the Municipal Act, 2001; AND WHEREAS the tax ratios establish the relative amount of taxation to be borne by each property class; AND WHEREAS the property classes have been prescribed by the Minister of Finance under the Assessment Act, R.S.O. 1990, c. A.31, (the "Assessment Act"), as amended, and the regulations thereto; AND WHEREAS Section 310 of the Municipal Act, 2001, allows an upper-tier municipality to delegate to each of its lower-tier municipalities the authority to pass a by-law establishing the tax ratios for the year within the lower-tier for both lower-tier and upper-tier purposes; AND WHEREAS pursuant to The Regional Municipality of Peel By-law Number 1-2026, The Regional Municipality of Peel delegated to the council of each area municipality the authority to pass a by-law establishing tax ratios and setting out a method by which the portion of Regional levies will be raised in each area municipality for the 2026 taxation year; AND WHEREAS The Regional Municipality of Peel adopted in By-law Number 18-2026 on April 9, 2026, estimates of all sums required by The Regional Municipality of Peel during the year 2026 for the purposes of the Regional Corporation that will provide for a general levy and special levies on area municipalities; -2- AND WHEREAS Ontario Regulation 400/98, under Education Act, R.S.O 1990, c.E.2 prescribes the tax rates for school purposes for 2026 for residential properties (including residential, multi-residential, and new multi-residential classes), and for the commercial, industrial, pipe line, farm and managed forest classes; AND WHEREAS it is necessary for the Council of The Corporation of the City of Mississauga, pursuant to the Municipal Act, 2001, to levy on the whole rateable property for the residential, multi- residential, new multi-residential, commercial, industrial, pipe line, farm and managed forest classes according to the last revised assessment roll for The Corporation of the City of Mississauga the sums set forth for various purposes in Schedule A attached hereto for the current year; AND WHEREAS Section 323 of the Municipal Act, 2001, authorizes a local municipality in which there is situated a university designated by the Minister of Training, Colleges and Universities or a college of applied arts and technology, or a public hospital or provincial mental health facility designated by the Minister of Health and Long-Term Care, to levy an annual amount not exceeding the prescribed amount for each full-time student enrolled in the university or college or for each provincially rated bed in the public hospital or provincial mental health facility; AND WHEREAS Ontario Regulation 384/98, under the Municipal Act, 2001, prescribes the rate for universities, colleges of applied arts and technology, and designated public hospitals for the purposes of Section 323 of the Municipal Act, 2001; AND WHEREAS The Regional Municipality of Peel enacted By-law Number 51-2025 on September 25, 2025, establishing in each area municipality the New Multi-Residential (Municipal Reduction) subclass with a tax rate reduction of thirty five percent (35%) effective January 1, 2026; NOW THEREFORE the Council of The Corporation of the City of Mississauga ENACTS as follows: 1. For the taxation year 2026, the tax ratio for property in: a) the residential class is 1.000000; b) the commercial class is 1.516977; c) the industrial class is 1.615021; d) the multi-residential class is 1.265604; e) the new multi-residential class is 1.000000; f) the pipe line class is 1.313120; g) the farm class is 0.250000; and h) the managed forests class is 0.250000. 2. For the year 2026, The Corporation of the City of Mississauga shall levy upon the residential, commercial, industrial, multi-residential, new multi-residential, pipe line, farm and managed forests property assessments the rates of taxation per current value assessment for general purposes as set out in Schedule A attached to this By-law. -3- 3. The estimates to be levied for the current year are as set forth in Schedule A attached to this By-law. 4. For universities, colleges of applied arts and technology or designated public hospitals or provincial mental health facilities within the City of Mississauga, taxes due and payable shall be calculated based on $75 on each: a) full time student enrolled in a designated university or college of applied arts and technology in the year preceding the year of levy; b) provincially rated bed in a designated public hospital or provincial mental health facility as determined by the relevant Provincial Minister. 5. (1) For payments-in-lieu of taxes due to The Corporation of the City of Mississauga, the actual amount due to The Corporation of the City of Mississauga shall be based on the assessment roll and the tax rates for the applicable classes as set out in Schedule A. (2) Notwithstanding subsection 5(1), payment-in-lieu of taxes due to The Corporation of the City of Mississauga for land that is owned or leased by the Greater Toronto Airports Authority operating the Toronto Pearson International Airport will be calculated in accordance with Ontario Regulation 282/98 under the Assessment Act, as amended. 6. Schedule A attached hereto shall be and hereby forms part of this By-law. 7. If any section or portion of this By-law is found by a court of competent jurisdiction to be invalid, it is the intent of Council of The Corporation of the City of Mississauga that all remaining sections and portions of this By-law continue in full force and effect. ENACTED AND PASSED this 29th day of April, 2026. Signed by Carolyn Parrish, Mayor and Diana Rusnov, City Clerk. Page 1 of 2 Schedule A The Corporation of the City of Mississauga 2026 Final Tax Rates and Levy Class Description Returned Assessment for 2026 City Tax Rate (%) Region Tax Rate (%) Education Tax Rate (%) Total Tax Rate (%) City of Mississauga Levy Region of Peel Levy Education Levy Total Levy RT Residential 131,532,522,165 0.396141% 0.538760% 0.153000% 1.087901% 521,054,716 708,644,055 201,244,759 1,430,943,530 RH Residential Shared (PIL for Ed) 1,640,500 0.396141% 0.538760% 0.153000% 1.087901% 6,499 8,838 2,510 17,847 R1 Res Farm Awaiting Development I 1,719,000 0.118842% 0.161628% 0.045900% 0.326370% 2,043 2,778 789 5,610 R4 Res Farm Awaiting Development II 0 0.396141% 0.538760% 0.153000% 1.087901% 0 0 0 0 RD Residential - Education Only 0 0.000000% 0.000000% 0.153000% 0.153000% 0 0 0 0 MT Multi-Residential 6,841,355,522 0.501358% 0.681856% 0.153000% 1.336214% 34,299,689 46,648,211 10,467,274 91,415,174 M1 MR Farm Awaiting Development I 27,614,000 0.118842% 0.161628% 0.045900% 0.326370% 32,817 44,632 12,675 90,124 M4 MR Farm Awaiting Development II 0 0.501358% 0.681856% 0.153000% 1.336214% 0 0 0 0 NT New Multi-Residential 361,482,600 0.396141% 0.538760% 0.153000% 1.087901% 1,431,982 1,947,522 553,068 3,932,572 NT1 New Multi-Residential Sub Class 0 0.257492% 0.350194% 0.153000% 0.760686% 0 0 0 0 CT Commercial 20,200,390,867 0.600937% 0.817286% 0.880000% 2.298223% 121,391,688 165,094,942 177,763,440 464,250,070 CH Commercial Shared (PIL for Ed) 15,779,200 0.600937% 0.817286% 0.944727% 2.362950% 94,823 128,961 149,070 372,854 CM Commercial Taxable (No Ed) 45,493,500 0.600937% 0.817286% 0.000000% 1.418223% 273,387 371,812 0 645,199 CK Commercial Excess Land (PIL for Ed) 3,668,900 0.600937% 0.817286% 0.944727% 2.362950% 22,048 29,985 34,661 86,694 C1 Commercial Farm Awaiting Development I 78,560,000 0.118842% 0.161628% 0.045900% 0.326370% 93,363 126,975 36,059 256,397 C4 Commercial Farm Awaiting Development II 0 0.600937% 0.817286% 0.880000% 2.298223% 0 0 0 0 C7 Commercial Small Scale On Farm Business I 22,400 0.150234% 0.204321% 0.220000% 0.574556% 34 46 49 129 C0 Commercial Small Scale On Farm Business II 0 0.150234% 0.204321% 0.220000% 0.574556% 0 0 0 0 CU Commercial Excess Land 218,208,969 0.600937% 0.817286% 0.880000% 2.298223% 1,311,299 1,783,391 1,920,239 5,014,929 CJ Commercial Vacant Land (PIL for Ed) 783,000 0.600937% 0.817286% 0.944727% 2.362950% 4,705 6,399 7,397 18,501 CX Commercial Vacant Land 321,670,674 0.600937% 0.817286% 0.880000% 2.298223% 1,933,039 2,628,969 2,830,702 7,392,710 DT Office Building 4,355,339,819 0.600937% 0.817286% 0.880000% 2.298223% 26,172,862 35,595,577 38,326,990 100,095,429 DH Office Building Shared (PIL for Ed) 11,283,500 0.600937% 0.817286% 0.944727% 2.362950% 67,807 92,218 106,598 266,623 DU Office Building Excess Land 40,860,742 0.600937% 0.817286% 0.880000% 2.298223% 245,547 333,949 359,575 939,071 DK Office Building Excess Land (PIL for Ed) 4,322,300 0.600937% 0.817286% 0.944727% 2.362950% 25,974 35,326 40,834 102,134 ST Shopping Centre 6,959,828,490 0.600937% 0.817286% 0.880000% 2.298223% 41,824,207 56,881,695 61,246,491 159,952,393 SU Shopping Centre Excess Land 27,044,000 0.600937% 0.817286% 0.880000% 2.298223% 162,517 221,027 237,987 621,531 Page 2 of 2 Schedule A The Corporation of the City of Mississauga 2026 Final Tax Rates and Levy Class Description Returned Assessment for 2026 City Tax Rate (%) Region Tax Rate (%) Education Tax Rate (%) Total Tax Rate (%) City of Mississauga Levy Region of Peel Levy Education Levy Total Levy GT Parking Lot 148,808,700 0.600937% 0.817286% 0.880000% 2.298223% 894,247 1,216,192 1,309,517 3,419,956 IT Industrial 4,510,060,521 0.639777% 0.870108% 0.880000% 2.389885% 28,854,312 39,242,398 39,688,533 107,785,243 IH Industrial Shared (PIL for Ed) 64,508,312 0.639777% 0.870108% 1.066032% 2.575917% 412,709 561,292 687,679 1,661,680 I1 Industrial Farm Awaiting Development I 50,394,700 0.118842% 0.161628% 0.045900% 0.326370% 59,890 81,452 23,131 164,473 I4 Industrial Farm Awaiting Development II 0 0.639777% 0.870108% 0.880000% 2.389885% 0 0 0 0 I7 Industrial Small Scale On-Farm Business I 0 0.159944% 0.217527% 0.220000% 0.597471% 0 0 0 0 I0 Industrial Small Scale On-Farm Business II 0 0.159944% 0.217527% 0.220000% 0.597471% 0 0 0 0 IU Industrial Excess Land 48,853,741 0.639777% 0.870108% 0.880000% 2.389885% 312,555 425,080 429,913 1,167,548 IX Industrial Vacant Land 155,829,800 0.639777% 0.870108% 0.880000% 2.389885% 996,963 1,355,888 1,371,302 3,724,153 II Industrial - Water Intake System 0 0.639777% 0.870108% 1.066032% 2.575917% 0 0 0 0 IJ Industrial Vacant Land (PIL for Ed) 1,747,000 0.639777% 0.870108% 1.066032% 2.575917% 11,177 15,201 18,624 45,002 IK Industrial Excess Land (PIL for Ed) 15,939,288 0.639777% 0.870108% 1.066032% 2.575917% 101,976 138,689 169,918 410,583 LT Large Industrial 1,007,212,582 0.639777% 0.870108% 0.880000% 2.389885% 6,443,910 8,763,837 8,863,471 24,071,218 LH Large Industrial Shared (PIL for Ed) 0 0.639777% 0.870108% 1.066032% 2.575917% 0 0 0 0 LJ Large Industrial Vacant Land (PIL for Ed) 0 0.639777% 0.870108% 1.066032% 2.575917% 0 0 0 0 LK Large Industrial Excess Land (PIL for Ed) 0 0.639777% 0.870108% 1.066032% 2.575917% 0 0 0 0 LU Large Industrial Excess Land 48,110,533 0.639777% 0.870108% 0.880000% 2.389885% 307,800 418,614 423,373 1,149,787 PT Pipe Line 169,391,000 0.520181% 0.707456% 0.880000% 2.107637% 881,140 1,198,367 1,490,641 3,570,148 FT Farm 4,582,600 0.099035% 0.134690% 0.038250% 0.271975% 4,538 6,172 1,753 12,463 TT Managed Forests 576,700 0.099035% 0.134690% 0.038250% 0.271975% 571 777 221 1,569 177,275,605,625 789,732,834 1,074,051,267 549,819,243 2,413,603,344