Figure 2: Growth in personal income taxes vs property taxes, 2019-22
A vertical dot chart showing the change in revenue for the 34 cities included in Table 3 that would have resulted from a one per cent increase in personal income tax rates, broken down by tax bracket, between 2019 and 2022. In the second, third, fourth, and fifth tax brackets the median change would have been between 28% and 54% for the 34 cities. Over this same period property taxes only increased by 7.0%.