Mayor David West’s $212-million 2024 operating budget has been adopted by council, with a 4.7 per cent tax rate increase to Richmond Hill residents and businesses that is lower than initially forecast.
The increase amounts to $7.94 more per month for the average single detached residential property assessed at $1.146 million, according to a City of Richmond Hill news release.
With funding from the 2024 operating budget, Richmond Hill will launch its strategic plan for 2024-2027, which defines the city’s top priorities and shared vision for the future of the community. The city will also launch the online water billing customer portal and develop an online property tax billing portal, providing residents with self-serve access to their account information.
In addition, the Wave Pool is expected to reopen mid-2024.
"While property tax rates in Richmond Hill remain some of the lowest in the GTA, the city only keeps approximately 26 per cent of property taxes it collects. More than half of residential property taxes are provided to York Region to deliver a number of essential regional services to residents including police and paramedic services, public health, children’s services and care of regional roads such as Bayview Avenue, Leslie Street and Major Mackenzie Drive," the city stated.
The remainder of taxes are collected for school boards.
The capital budget of $102 million is the city’s largest investment in infrastructure in a single year. It will help ensure the city continues to build and maintain the infrastructure needed for the growing community, including parks, trails, recreation centres, roads and sidewalks.
For a comprehensive look at the budget, visit RichmondHill.ca/Budget.
”This budget is a fiscally responsible budget given the pressures the city is facing, created with the input of all members of council. It reflects our commitment to building our community, a complete community with the amenities and services, provided by our professional staff, that residents have come to value and expect from their city," said West.
Quick Facts
- Richmond Hill’s Senior Tax Grant for 2024 is $432. Residents 65 years old or older who own their home should visit RichmondHill.ca/TaxAssistancePrograms to determine if they qualify. The online application form is available at RichmondHill.ca/SeniorTaxGrant.
- In 2024, Richmond Hill will keep only approximately 26 per cent of residential property taxes, with 52 per cent sent to York Region for regional services and 22 per cent sent to school boards for education funding. Richmond Hill council controls only the local portion of taxes.
