| Description | City Tax Rate | Education Tax Rate | City Building Fund | Total Tax Rate |
|---|---|---|---|---|
| Residential | 0.554586% | 0.153000% | 0.007703% | 0.715289% |
| Multi-Residential | 1.004080% | 0.153000% | 0.005398% | 1.162478% |
| New Multi-Residential | 0.554586% | 0.153000% | 0.007703% | 0.715289% |
| Commercial | 1.339053% | 0.880000% | 0.009624% | 2.228677% |
| Industrial | 1.386700% | 0.880000% | 0.019256% | 2.285956% |
| Pipelines | 1.066705% | 0.880000% | 0.014815% | 1.961520% |
| Farmlands | 0.138647% | 0.038250% | 0.001926% | 0.178823% |
| Managed Forests | 0.138647% | 0.038250% | 0.001926% | 0.178823% |
2023 Property Tax Rates
2022 Property Tax Rates
The introduction of the small business tax subclass offers property tax relief to small businesses who meet the eligibility criteria. The small business tax subclass will provide a 15 per cent reduction in the commercial tax rate for eligible properties.
Your property tax bill is calculated by multiplying the current year phased-in property assessment value, as determined by the Municipal Property Assessment Corporation (MPAC), by Council approved City Tax Rate(s) with the City Building Fund Levy and the Education Tax Rate, as set by the Government of Ontario.
Estimated taxes on a residential property with an assessed property value of $694,381
Estimated property tax = assessed value x total residential tax rate
=$694,381 x 0.715289% (includes education rate)
=$4,966.83 (includes education taxes)
On December 17, 2019, City Council adopted an increase to the City Building Levy by adding one per cent in 2020 and 2021 to existing 0.5 per cent increment and an additional 1.5 per cent annually from 2022-2025, inclusively (Item EX11.26).
Special Charges are included in the property tax instalment schedule.
Examples of special charges are:
If you received a fee or charge (imposed under Toronto Municipal Code Chapter 441) relating to your property and the charge remains unpaid for more than 90 days, it may be added to your property tax account for collection.
Notification of charges added to your tax account is issued through a separate Transfer to Tax Statement and assigned a distinct payment due date.
A few examples of other charges added are:
Charges added to tax accounts are subject to the arrears collection process.
| Description | Fee $ |
|---|---|
| Current Year Tax Receipt – Per request. | No charge |
| Dishonoured/Failed Payment – Processing of a payment returned by a bank or financial institution or other for reasons such as insufficient funds being available in the bank account. | $44.56 per payment |
| Final Notice – For overdue property tax accounts. | $29.28 per notice |
| Municipal Charges added to the tax roll – Any unpaid fee or charge, charged by the City or Agency for a service or for any other purpose, which has been added to the tax roll for collection purposes pursuant to a request from a City division or Agency other than the Revenue Services. | $69.55 |
| Mortgage Company Administration Fee – Fee for mortgage company administration per property tax account to be invoiced bi-annually (interim and final bills). | $12.90 |
| New property tax account set up fee | $69.55 |
| Notice of Issuance to Bailiff | $77.94 |
| Overdue utility amounts added to the tax roll (Transfer to Tax Notice) – For each overdue utility bill amount added. | $48.65 |
| Ownership Change Fee – A request to change ownership on a property tax account. | $48.65 |
| Ownership Change Fee – A request to change ownership on both tax and utility accounts for the same property when requested at the same time. | $69.55 combined fee per property |
| Payment Re-Distribution Fee – Any request to re-distribute payment when an electronic payment has been made to an incorrect account. | $54.56 |
| Prior Year Tax Receipt – A statement of all payments applied towards a property tax account for a specific year. | $22.35 per year, per account |
| Pre-Authorized Tax Payment (PTP) Program Reinstatement Fee – Request for re-enrollment to the PTP program. | $31.63 |
| Refunds Fee – A user fee will be charged to process applications for tax refunds when an overpayment/credit balance has remained on the property tax account for more than 2 years and the overpayment/credit balance is not the result of a City of Toronto initiated action. | $48.65 per transaction/refund |
| Refund/Transfer Credit Balance Status Fee – A fee for professional representatives acting on behalf of the taxpayer who is requesting a refund transfer credit balance status. | $48.65 per request |
| Reprint tax bill – For a request for the reproduction/reprint of a bill | $23.18 |
| Statement of Accounts – (Overdue Tax Notices) A statement, excluding the statement sent in January of each year. Notification of outstanding taxes (greater than $100) provides the taxpayer with the opportunity to fulfill their tax obligations. | $22.35 per statement |
| Tax Apportionment Application – An application under section 322 of the City of Toronto Act, 2006 for apportionment of unpaid taxes from parcel(s) of land to many newly created parcels of land, if each parcel can be legally conveyed under the Planning Act individually. | $69.55 per application |
| Tax Calculation Statement – A statement outlining how annual property taxes, including any capping/claw-back or other adjustments, are calculated for individual commercial, industrial and multi-residential properties. | $69.55 per tax account, per tax year |
| Tax Certificate – A statement of all amounts owing for taxes, issued by the City’s Treasurer pursuant to Section 317 of the City of Toronto Act, 2006. | $85.15 per certificate |
| Tax History Statement – A record of all transactions occurring within a property tax account for a specific taxation year. From 2005 to the present. | $48.65 per tax account, per tax year |
| Tax Status Verification – A statement issued to a financial institution for mortgage purposes providing notification of whether property tax payments on an identified tax account are up to date. | $34.78 per tax account |
| Failure to provide a Vacant Home Tax Declaration of occupancy status by the declaration due date. | $21.24 |
Fees are reviewed annually as part of the budget process and are subject to change.
In accordance with the City of Toronto Act, 2006, the City, may fix a scale of costs to be charged as the reasonable costs of proceedings under section 356 
of the Act instead of charging the City’s actual costs in determining any cancellation price. Cancellation price is defined in the City of Toronto Act, 2006, section 343 (1).
| Description | Fee $ |
|---|---|
| Charges for Surveys, Advertising, Soil Testing, Preparation and Placement of Placards | Actual Costs |
| Execution of Extension Agreement | $1,439.02 per Agreement |
| Farm Debt Review Board | $45 per Review + Actual Costs |
| Notice of Issuance to Bailiff | $77.94 |
| Payment into Court and Statement of Facts | $562.84 + Actual Costs |
| Preliminary Observation Report | $442.90 per Report |
| Preparation & Notice of Registration – (Actual costs refers to actual disbursements) | $45 per Notice + Actual Costs |
| Preparation and Registration of Tax Arrears Cancellation Certificate | $303.88 + Actual Costs |
| Preparation of Final Notice | $45 per Notice + Actual Costs |
| Preparation of Land Transfer | $1,830.12+ Actual Costs |
| Preparation of Statutory Declaration | $265.75 |
| Preparation of Tender forms for Public Sale | $45 per Notice |
| Public Tender Application | $45 Due Upon Pick-up |
| Registered Mail Costs | Actual Costs |
| Registration File Folders | Actual Costs |
| Registration of Tax Arrears Certificate – (i.e. including title search execution search & registration) | $1,336.87 + Actual Costs |
| Sale by Public Tender | $1,260.57 + Actual Costs (i.e. advertising) |
| Tax Sale Proceeding – Site Visit Fee | $265.75 |
Fees are reviewed annually as part of the budget process and are subject to change.
Refer to utility bill fees for more information.