City Council has approved the 2026 tax levy at $101.2 million, which represents a 4.95% levy increase from 2025. For an average residential home assessed at $193,000, this means a monthly increase of approximately $15.56 over last year. The increase on a median commercial property will be approximately $404.10 annually.
The municipal tax rate is determined by adding the required tax revenue to current property assessments, the approved budgets of the City’s Agencies, Boards, and Commissions (ABC’s), and the provincial education tax rate. This year’s tax rate includes an 11.07% increase to support essential services like law enforcement, public health, and social care.
Different tax rates are applied to different classes of property, including residential, multi-residential, commercial, and industrial. In 2026, the residential tax rate will increase by 4.67%, while the commercial tax rate will increase by 4.09%.
Through the City’s annual budget survey, roads and sidewalks were identified as top priorities, and the 2026 budget delivers with record investments in critical infrastructure. In 2026, the City will see approximately $51.1 million invested in capital roads projects. This includes rehabilitation of two Connecting Link segments, the annual “shave and pave” program, and replacement and repair of two bridges in the City’s east end.
“This budget reflects the priorities of our residents and direction of Council,” said Mayor Michelle Boileau. “We are making thoughtful and strategic investments in infrastructure to improve roads, build capacity in our water supply system, and support housing development. This is a strong, forward-looking budget that focuses on building today for a better tomorrow.”
Quick Facts:
• 2026 Tax Levy: $101,244,561
• Residential Tax Rate increase: 4.67%
• Commercial Tax Rate increase: 4.09%
• ABC’s Budget increase: 11.07%
• Residential property taxes account for approximately 63.54% of collected revenue
For more information on the municipal budget, visit: https://www.timmins.ca/our_services/finance/city_budget_2026
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