Budget finalized; find out what your 2026 tax bill will be in Mississauga

A no-frills budget will see the average ratepayer in Mississauga pay about $377 more in taxes this year.

The $789.4 million budget approved by Mississauga city councillors for 2026 has increased by 4.39 per cent from the previous year, which translates to a 1.61 per cent increase in the city’s portion of the tax bill. Combined with the Region of Peel’s 3.60 per cent increase, the total property tax increase for 2026 is 5.21 per cent.

Broken down, the increase you will see on your tax bill this year if you live in Mississauga is $53.91 more for every $100,000 assessed value of your home. For example, if a home is assessed at $700,000 (which is around the average), the overall property tax increase is $377.37. Bear in mind, the market value of your home is not the same as the assessed value.

It hasn’t been made clear how the school board portion of the tax bill will affect these amounts.

The city points out that the combined municipal portion of the bill this year is 4 per cent lower than in 2025, and reflects the concerns of property owners angered by last year’s numbers. As well, 2026 is an election year, and typically, politicians have tended to rein in expenses when voters head to the polls.

Still, Mississauga will still be doing some spending in the days ahead, but extravagant expenses such as the much-talked-about soccer stadium, convention centre, and redesigned performing arts centre are not on the table.

This is where some of your tax dollars are going:

Improving road and neighbourhood safety

• Adding Bylaw Enforcement Officers to support proactive enforcement in high-priority areas.
• Adding staff in the Planning & Building Departments to increase capacity and streamline development approvals.
• Winter maintenance, including city-wide windrow and sidewalk clearing.
• Maintenance work on roads, bridges, parks, stormwater systems and trails.
• Roadway rehabilitation across the city, including the Ninth Line widening project.
• Design of new Fire Stations 127 (Lorne Park) and 128 (North Lakeview), both targeted to open in 2029.

Ensuring vibrant spaces and green initiatives

• Construction of the new Glenforest Youth Hub, targeted to open in 2028.
• Ongoing construction to renovate South Common Community Centre and Library, anticipated to re-open by the end of 2027 with new amenities including a new aquatics centre, new gymnasium and an updated library.
• Parkland and hybrid bus acquisitions (78 buses planned).

Supporting families, youth and seniors

• A wide variety of recreation programs for all ages and abilities.
• Free fitness memberships for residents 65+ and free fares for seniors and children up to age 12 who use PRESTO.
• Flood prevention and relief assistance.

“Mississauga residents provided candid feedback to help shape the 2026 Budget, and the city listened and responded to keep the tax increase minimal and under the current rate of inflation,” commented Mayor Carolyn Parrish. “This was possible through smart, responsible solutions such as finding savings and efficiencies, pausing non-essential investments and is supported by the city’s existing strong, financial position.”

The city said it will keep costs under control by cutting budgets and increasing revenue streams, pausing a program meant for the upkeep of fire stations, and also reducing for a year a levy used to maintain roads, bridges, community centres, and parks.