BIA Cloud

2024 BIAs Levies and Assessments

BIAs Levies and Assessments, produced by the BIA Office. 

This is a great report for BIAs to keep track of their total BIA wide assessed value and have an understanding of a member’s levy is based on a million-dollar property value. Having this number (the levy Rate, one can simply multiply this number with the members assessed commercial value on their bill and ascertain what their contribution is to the total levy).

Some BIAs may use these rankings as a way to show their memberships at the AGM where they rank in comparison to other BIAs.

1. First column reflects the BIA names, Column two shows the Total Assessed value of the commercial/industrial properties in the named BIA.
2. Column three provides the ranking of where the BIA is in total assessment, so number one (Financial District) has the largest cumulative assessed value ( 18,863,791,241 ) the 40^th, ranked BIA (Cabbagetown) has a Total assessment of (206,645,511) and so on.
3. Column four (levy) shows the amount of that BIAs 2024 Levy (Not necessarily the total budget but simply the levy that was collected toward the budget)
4. Column five (Rank) reflects where the BIAs levy is in comparison to other BIAs. Top ranked BIA Levy for 2024 was at Bloor-Yorkville ($ 4,571,938), the 83^rd ranked BIA is Dovercourt Village with a Levy of ($ 8,305).
5. Column six (Levy Rate). If you were to take a BIAs Levy (Column 4) and divide it by the BIAs total assessment value (Column 2) you would get the Levy Rate that is in this column.
6. Column seven, is yet again the rate of your BIA in relation to other Toronto BIAs.
7. Column eight (Levy per $1M) effectively this is the same information that is found in column six but reflected in a valuation of dollars per $1 million dollars. Meaning that a member whose property is worth $1 million dollars would pay that amount towards the levy.