2019 Property Tax Rates

Description City Tax Rate Education Tax Rate City Building Fund Total Tax Rate
Residential 0.451568% 0.161000% 0.002202% 0.614770%
Multi-Residential 1.032342% 0.161000% 0.000000% 1.193342%
New Multi-Residential 0.451568% 0.161000% 0.002202% 0.614770%
Commercial General 1.243691% 1.030000% 0.003060% 2.276751%
Residual Commercial
Band 1
1.104768% 1.030000% 0.002719% 2.137487%
Residual Commercial
Band 2
1.243691% 1.030000% 0.003060% 2.276751%
Industrial 1.215805% 1.110878% 0.002028% 2.328711%
Pipelines 0.868620% 1.290000% 0.004235% 2.162855%
Farmlands 0.112892% 0.040250% 0.000550% 0.153692%
Managed Forests 0.112892% 0.040250% 0.000550% 0.153692%

 

2020 Property Tax Rates
2018 Property Tax Rates

City Building Fund Levy

On December 17, 2019 City Council adopted an increase to the City Building Levy by addressing one per cent in 2020 and 2021 to the existing 0.5 per cent increment, and an additional 1.5 per cent annually from 2022-2025, inclusively (Item EX11.26)

The Government of Ontario mandated no tax increase on Multi-Residential pr2020 Property Tax Ratesoperty classes.

Residential Properties

Starting in 2017, the City Building Fund Levy increased residential property tax by 0.5 per cent, with additional increases of 0.5 per cent each year from 2018 to 2021.

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 $665,600
Estimated property tax = Assessed Value x Residential Total Tax Rate
= $665,600 x 0.614770%
= $4,091.91