Municipal property taxes are used to fund services and infrastructure.
The City of Peterborough is continuously looking for other revenue sources to alleviate the property tax pressures on residents and businesses. Other revenue sources include user fees, grants from the province for specific programs such as social assistance, investment income, gas tax transfers to the City, and fines.
The Draft 2024 operating budget includes total expenditures of $359 million funded by direct revenues of $165.1 million including user fees, grants from other governments, recoveries and service charges, resulting in a tax requirement of $173.9 million.
2023 Budget |
2022 Budget |
Your property taxes go to both the City and the provincial government.
The municipal and sewer surcharge portion of your property taxes go to the City for municipal services and infrastructure. The education portion goes to the province.