Taxable Assessment Growth
Economic Prosperity Dashboard

Percentage of taxes collected from new development year-over-year

1.15%
Baseline
1.65%
Current
1.5%
Target

Affecting Factors

Annual Housing Starts
May 6, 2019
Average Niagara Home Sale Price
August 31, 2019
278
Development applications received, quarterly
June 30, 2019
143
Development pre-consultation meetings held quarterly
June 30, 2019
10
High-growth businesses assisted
July 1, 2019
710
Niagara Real Estate Residential Sales
August 31, 2019
Percent Change in Year Over Year Average Home Sale Prices
August 31, 2019

Affecting Measures

Measure Baseline Current Target
Green Assessment Management Ratio
Ratio of assessment growth to tax write-offs. Ideally assessment growth is greater than write-offs, resulting in a value greater than 1.
.67
Dec 31, 2014
1.77
Dec 31, 2018
>1
Dec 31, 2015
Green Employment related taxes per Sq. Foot: Commercial (Office)
Total property taxes (municipal & education) per Sq. Foot for commercial property classes
$2.69
Dec 31, 2013
$2.66
Dec 31, 2018
$2.73
Dec 31, 2018
Red Employment related taxes per Sq. Foot: Industrial (Large)
Total property taxes (municipal and education) per square foot for industrial property classes
$1
Dec 31, 2013
$.84
Dec 31, 2018
$.99
Dec 31, 2018
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