Property tax increase included in Peel Region’s proposed 2025 budget

Residents in Mississauga, Brampton and Caledon could see a 5.5 per cent hike to their property taxes as part of Peel Region’s 2025 budget.

The proposed $6.2 billion budget includes $3.9 billion for operating expenditures and $2.3 billion for capital expenditures.

The increase means the average residential property tax bill would jump by $321, while the average commercial property tax bill would increase by $564, the region says.

Of the 5.5 per cent hike, 1.3 per cent is for regionally controlled services and 4.1 per cent is for the Peel Regional Police.

The proposed budget also includes a 5.9 per cent increase to utility bills, marking an additional average impact of $62 for residential customers and $118 for commercial over the course of a year.

Region of Peel

Peel Region council is beginning deliberations on the proposed budget Thursday.

More information on the 2025 budget can be found on the Peel Region website.

In 2024, Peel residents saw a 4.5 per cent hike to property taxes.