Hamilton’s proposed 2025 budget includes 6.3% property tax hike

Hamilton residents could see a property tax increase of 6.3 per cent this year, down slightly from what the city forecasted last fall.

The City of Hamilton released its proposed 2025 budget Monday and says the potential property tax hike would translate to $318.40 more on average.

The city initially predicted in late October that property taxes would rise 6.9 per cent in 2025.

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Hamiltonians saw a 5.79 per cent increase in residential property tax in 2024, leading to households paying an additional $286.

The city is encouraging residents to provide input on the 2025 budget at the general issues committee meeting on Jan. 20.

Those wishing to must submit applications to speak virtually, in person, or provide a written delegation by noon on Jan. 17 on the city’s website. Applications for video delegations are due by noon on Jan. 16.

Council is scheduled to give the budget final approval on Feb. 12.

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