Markham Adopts Budget 2024

2.99% tax rate increase confirmed

MARKHAM, ON –  February 28, 2024 – The City of Markham has adopted A Strong Markham: Budget 2024, which was presented by Mayor Frank Scarpitti on January 29. The tax rate increase of 2.99% means less than $40 for the average Markham home. 

The budget adoption follows input from staff, Council and the community. A Public Meeting was held on February 15, as part of the City’s ongoing commitment to budget transparency.

“We have created a strong and responsible budget, and we are proud of our fiscal management,” said Mayor Frank Scarpitti. “With a 2024 property tax rate increase of 2.99%, Budget 2024 keeps affordability in mind and introduces a new Seniors tax relief program. Markham continues to have the lowest average tax rate increase in the GTA over 19 consecutive years. With the support of Council, Markham leads the way in delivering excellent services and investing in new infrastructure, while maintaining our assets in a state of good repair. Together, we are always working for a stronger Markham.”

For more information about Budget 2024, visit markham.ca/Budget.

Mayor Frank Scarpitti and members of Markham Council on January 29, 2024. (from left to right: Ward 1 Councillor Keith Irish; Ward 2 Councillor Ritch Lau; Ward 3 Councillor Reid McAlpine; Ward 4 Councillor Karen Rea; Regional Councillor Alan Ho; Deputy Mayor Michael Chan; Mayor Frank Scarpitti; Regional Councillor Jim Jones; Ward 5 Councillor Andrew Keyes; Ward 6 Councillor Amanda Yeung Collucci; Ward 7 Councillor Juanita Nathan; Ward 8 Councillor Isa Lee)

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Markham Mayor Frank Scarpitti’s Office: 
At mayorscarpitti@markham.ca.

All other media inquiries / interview requests for the City of Markham:
media@markham.ca

About Markham: Markham, an award-winning municipality with more than 357,000 residents and the largest of nine communities in York Region, is home to over 650 headquartered companies and more than 1,500 high tech and life science companies. Markham is a leader in attracting foreign direct investment with more than 234 foreign companies located in the City. Founded in the 1790s, today Markham is Canada’s most diverse community and enjoys a rich heritage, outstanding community planning and services, and a vibrant local economy. 

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