Municipal Competitive Analysis. Summary of 2017 BMA Municipal Study
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1 Municipal Competitive Analysis Summary of 2017 BMA Municipal Study
2 1
3 $4,053 $6,531 Comparative Tax Analysis % Tax Assessment Composition 95% 90% 85% 80% 75% 70% $12,000 $10,000 $8,000 $6,000 Relative Residential Taxes $14,000 Municipal Average: Bungalow $3,320 / Senior Executive $6,145 $4,000 $2,000 2
4 $1.24 $1.17 Standard Industrial Tax / Sq Ft $3.50 Municipal Average: $1.70 $3.00 $2.50 $2.00 $1.50 $ Municipal 2017 Education Large Industrial Tax / Sq Ft $3.50 Municipal Average: $1.11 $3.00 $2.50 $2.00 $1.50 $ Municipal 2017 Education 3
5 $1.89 $1.71 $2.78 $2.51 Neighborhood Shopping Centre Tax / Sq Ft $6.00 Municipal Average: $3.47 $5.00 $4.00 $3.00 $2.00 $ Municipal 2017 Education $4.50 $4.00 $3.50 $3.00 $2.50 $2.00 $1.50 $ Office Tax / Sq Ft Municipal Average: $ Municipal 2017 Education 4
6 $680 $600 $832 $753 $4,000 $3,500 $3,000 $2,500 $2,000 Hotel Tax / Suite Municipal Average: $1,597 $1,500 $1,000 $ Municipal 2017 Education $3,000 Motel Tax / Suite Municipal Average: $1,203 $2,500 $2,000 $1,500 $1,000 $ Municipal 2017 Education 5
7 Brampton Relative Tax Rate Commercial / Industrial 1.27% 1.44% 1.27% 1.44% 1.25% 1.41% % Commercial Tax Rate % Industrial Tax Rate 1.21% 1.37% 1.23% 1.39% 1.22% 1.38% 1.22% 1.39% 1.19% 1.36% 1.19% 1.35% 1.19% 1.35% 1.15% 1.30% Increase Decrease Total Municipal Taxes & Average Household Income Brampton $5,150 Brampton / $98,650 Halton Hills $4,974 $130,460 Caledon $5,363 $138,577 Toronto $4,550 $100,129 Vaughan $6,002 $130,749 Municipal Taxes Average Household Income Mississauga $4,730 / $105,268 6
8 Municipal Tax Rates (Commercial & Industrial) 7
9 $18.65 Building Permit Activity in Millions Building Permits, Development Charges Water & Wastewater Brampton Building Permit Activity & Development Charges $400 $350 $300 $250 $200 $150 $100 $50 $35 $30 $25 $20 $15 $10 $5 Development Charges / Sq Ft Industrial Building Permit Activity ($M) Commercial Building Permit Activity ($M) Commercial Development Charges ($/SqFt) Industrial Development Charges ($/SqFt) $30.00 Development Charges Industrial / Sq Ft Municipal Average: $9.75 $25.00 $20.00 $15.00 $10.00 $
10 $30.24 $60.00 $50.00 Development Charges Commercial / Sq Ft Municipal Average: $15.45 $40.00 $30.00 $20.00 $ Building Permit Fees - Time Series $2,700 $2,600 $2,500 $2,400 $2,300 $2,200 $2,100 $2, Brampton Mississauga Caledon Average 9
11 $5,150 $2,305 $3,500 Building Permit Fees Municipal Average: $2,246 $3,000 $2,500 $2,000 $1,500 $1,000 $500 Building permit fees are compared at an assessed value of a house costing $270,000 with 167 square metres of living space. Combine Property Tax & Water / Sewer Costs Residential $7,000 $6,000 $5,000 $4,000 Municipal Average: $4,834 $3,000 $2,000 $1,000 10
12 2017 Cost Comparison Water/Wastewater Commercial Industrial Industrial Industrial Municipality Volume= 10,000 m 3 2" Volume = 30,000 m 3 3" Volume= 100,000 m 3 4" Volume= 500,000 m 3 6" Aurora $43,300 $129,900 $433,000 $2,165,000 Brampton $23,086 $69,257 $230,858 $1,154,290 Brock $26,205 $75,617 $232,315 $1,071,025 Burlington $27,445 $77,479 $246,719 $1,203,697 Caledon $23,086 $69,257 $230,858 $1,154,290 Clarington $26,205 $75,617 $232,315 $1,071,025 East Gwillimbury $57,780 $174,380 $582,480 $2,914,480 Georgina $45,437 $136,185 $453,803 $2,268,763 Guelph $36,529 $107,873 $353,653 $1,747,488 Halton Hills $27,445 $77,479 $246,719 $1,203,697 Hamilton $31,630 $92,959 $303,030 $1,497,060 King $47,929 $145,982 $477,739 $2,368,893 Kitchener $48,846 $146,538 $488,460 $2,442,300 Markham $38,555 $115,665 $385,550 $1,927,750 Milton $27,445 $77,479 $246,719 $1,203,697 Mississauga $23,086 $69,257 $230,858 $1,154,290 Newmarket $37,498 $111,698 $370,113 $1,841,713 Oakville $27,445 $77,479 $246,719 $1,203,697 Oshawa $26,205 $75,617 $232,315 $1,071,025 Pickering $26,205 $75,617 $232,315 $1,071,025 Richmond Hill $40,421 $121,264 $404,214 $2,021,072 Toronto $30,791 $81,503 $258,995 $1,273,235 Vaughan $37,822 $113,466 $378,220 $1,891,100 Whitby $26,205 $75,617 $232,315 $1,071,025 Whitchurch- $41,100 $123,300 $411,000 $2,055,000 Stouffville Municipal Minimum $23,086 $69,257 $230,858 $1,071,025 Municipal Maximum $57,780 $174,380 $582,480 $2,914,480 Municipal Average $33,908 $99,859 $325,651 $1,601,865 11
13 Commercial Definitions Office Building Class Selection was focused on buildings in prime locations within the municipality. Comparison of taxes on a per square foot of gross leaseable area basis. Neighbourhood Shopping Centre A neighbourhood shopping centre is typically the smallest type of centre comprising of retail tenants that cater to everyday needs such as drugstores, convenience stores and hardware stores. Size varies from 4,000 to 100,000 square feet. Comparison of taxes on a per square foot of floor area Hotel Typically over 100 rooms. Comparison of taxes on a per suite basis Motel Typically newer construction, franchised. Comparison of taxes on a per suite basis Industrial Definitions Large Industrial Greater than 125,000 sq. ft. Comparison of taxes on a per square foot of floor area basis Standard Industrial Under 125,000 sq. ft. in size typically characterized by newer construction and flexible design. Comparison of taxes on a per square foot of floor area basis Single Family Detached Single family detached residential home Residential Definitions Link Home Link home (homes linked together at the footing or foundation by a wall above or below grade) Freehold Townhouse Freehold townhouse/row house (more than two units in a row with separate ownership) Semi Detached Semi-detached residential; two residential homes (under single or separate ownership) sharing a common center wall Low Rise Multi-residential/Apartment Multi-residential building up to six floors in height, with 3 or more self-contained units (includes row housing, rooming or boarding houses, bachelorettes, student housing and housing co-operatives) 12
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