2020 Property Tax Rates

Description City Tax Rate Education Tax Rate City Building Fund Total Tax Rate
Residential 0.440230% 0.153000% 0.006474% 0.599704%
Multi-Residential 0.940384% 0.153000% 0.000000% 1.093384%
New Multi-Residential 0.440230% 0.153000% 0.006474% 0.599704%
Commercial General 1.183069% 0.980000% 0.008740% 2.171809%
Residual Commercial
Band 1
1.084052% 0.980000% 0.008008% 2.072060%
Residual Commercial
Band 2
1.183069% 0.980000% 0.008740% 2.171809%
Industrial 1.167874% 1.067220% 0.005792% 2.240886%
Pipelines 0.846809% 1.250000% 0.012453% 2.109262%
Farmlands 0.110057% 0.038250% 0.001618% 0.149925%
Managed Forests 0.110057% 0.038250% 0.001618% 0.149925%

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 $703,232
Estimated property tax = Assessed Value x Total Tax Rate
= $703,232 x 0.599704%
= $4,217.31 (includes municipal, city building fund levy and education taxes)