Sources of revenue

The City of Peterborough is continuously looking for other revenue sources, such as the Municipal Accommodation Tax to help pay for tourism-related infrastructure and events, to alleviate the property tax pressures on residents and businesses. In 2020, less than 50% of the City's revenue comes from property taxes. 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.

Municipal property taxes are used to fund services and infrastructure.

Chart of 2020 Budget operating revenues

Property taxes include Municipal and Education taxes

Chart showing split between municipal, sewer surcharge and education property taxesYour 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.

The provided breakdown is based on a typical single-detached home assessed at $260,000.