Description City Tax Rate Education Tax Rate City Building Fund Total Tax Rate
Residential 0.4802928% 0.1790000% 0.0023544% 0.6616472%
Multi-Residential 1.2844065% 0.1790000% 0.0000000% 1.4634065%
New Multi-Residential 0.4802928% 0.1790000% 0.0023544% 0.6616472%
Commercial General 1.3768297% 1.1400000% 0.0033936% 2.5202233%
Residual Commercial
Band 1
1.2017266% 1.1400000% 0.0029620% 2.3446886%
Residual Commercial
Band 2
1.3768297% 1.1400000% 0.0033936% 2.5202233%
Industrial 1.3675943% 1.2164150% 0.0022624% 2.5862717%
Pipelines 0.9238739% 1.3900000% 0.0045288% 2.3184027%
Farmlands 0.1200732% 0.0447500% 0.0005886% 0.1654118%
Managed Forests 0.1200732% 0.0447500% 0.0005886% 0.1654118%

 

2019 Property Tax Rates

2018 Property Tax Rates

How Your Property Tax Bill is Calculated

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.

Example

Estimated taxes on a residential property with an Assessed Value of $587,471
Estimated property tax = Assessed Value x Residential Total Tax Rate
= $587,471 x 0.6616472%
= $3,886.98