Property Tax Calculator by City & Province

WOWA Simply Know Your Options

Property taxes are levied by local governments to fund public services. In Canada, they are typically calculated based on a property’s assessed value and the applicable municipal tax rate.

Your assessed value is shown on your property tax bill or assessment notice, and may also be available online, depending on your province or municipality. This value can differ from your home’s current market price.

  • Use the calculator below if you know your property’s assessed value.
  • If you only know your home’s market price, use the estimator, which applies average effective tax rates to provide an approximate property tax amount.

Property Tax Calculator (Based on Assessed Value)

Tax Year
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Property Tax Estimator (Based on Market Price)

Market Price
Use your home’s current market value (not the price you originally paid).
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City
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Your Estimated Property Tax

$2,4172.42k

Your Estimate Ranges From

$1,7191.72k - $3,0263.03k

Property Tax of Cities Near Toronto

Vaughan $2,4542.45k
Mississauga $2,8112.81k
Markham $2,0682.07k
* The values are an estimate based on data from thousands of homes across Toronto. True values vary based on the assessed value on your property. $0 indicates not enough data.
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Property Taxes of Largest Population Centres in Canada for a $500K Assessed Value Home*

Property Taxes of Largest Population Centres in Canada for a $500K Fair Market Value Detached Home*

Note: Cities like Winnipeg may have higher property tax rates, but because home prices are lower, the total property tax paid can still be lower than in cities like Toronto or Vancouver.

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Property Value Assessment

Most properties ranging from residential homes to farmland to industrial buildings are assessed regularly. Many factors can be taken into account during the assessment process. Market value is normally used to determine the assessed value for residential properties, not the size or square footage of a property , while other factors like income generation and productive value can be used for commercial properties and farmland.

Each province has its own assessment authority that oversees and regulates property assessments. In Ontario, the Municipal Property Assessment Corporation (MPAC) is responsible for property assessments. Ontario normally operates on a four-year assessment cycle, but province-wide reassessments have been postponed; property taxes continue to be based on 2016 assessed values until the next reassessment occurs. Similarly, in British Columbia, BC Assessment assesses properties province-wide every year, In Alberta, each municipality is responsible for their own property assessments but are regulated by the provincial Assessment Audit Unit.

Property Assessed Value vs. Market Value

Despite being based on market valuations, the assessed value of a property can differ significantly from its market value. This is especially true for properties in high-demand areas such as the GTA.

Check Property Tax of Largest Population Centres in Canada

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Toronto
Toronto’s property tax is based on the assessed value of the home. Although Ontario normally operates on a four-year assessment cycle, province-wide reassessments have been postponed since the 2016 assessment year. As a result, MPAC continues to base property taxes on 2016 assessed values until the next reassessment is implemented.
Calculate my property tax in Toronto
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Montreal
Montreal’s property tax is an annual tax based on the assessed value… (separate from Québec’s land transfer tax—often called the ‘Welcome Tax’—which is a one-time closing cost). Properties in Montreal are assessed by their regional county municipality or municipalité régionale de comté (MRC) every three years. The tax is calculated by multiplying the current year property-value with the total tax rate which mainly consists of a municipal tax that depends on the borough of the property and an education tax set by the province that is the same throughout Québec. Montreal also offers the Montreal Home Ownership Program which provides financial assistance to first-time home buyers through granting lump-sum payments and, if the household has children, a refund for up to 100% of the Welcome Tax.
Calculate my property tax in Montreal
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Calgary
Calgary’s property tax is based on the assessed value of the home; every year, Calgary assesses properties based on guidelines set by the Alberta Assessment and Property Tax Policy Unit and the Ministry of Municipal Affairs. The tax is calculated by multiplying the current year property-value with the total tax rate which mainly consists of a municipal tax that depends on the municipality of the property and an education tax that may change from municipality to municipality. It is used to pay for city services such as police, the fire department, and public transit as well as elementary and secondary education.
Calculate my property tax in Calgary
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Ottawa
Ottawa’s property tax is based on the assessed value of the home. Although Ontario normally operates on a four-year assessment cycle, province-wide reassessments have been postponed since the 2016 assessment year. As a result, MPAC continues to base property taxes on 2016 assessed values until the next reassessment is implemented.
Calculate my property tax in Ottawa
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Edmonton
Edmonton’s property tax is based on the assessed value of the home; every year, Edmonton assesses properties based on guidelines set by the Alberta Assessment and Property Tax Policy Unit and the Ministry of Municipal Affairs. The tax is calculated by multiplying the current year property-value with the total tax rate which mainly consists of a municipal tax that depends on the municipality of the property and an education tax that may change from municipality to municipality. It is used to pay for city services such as police, the fire department, and public transit as well as elementary and secondary education.
Calculate my property tax in Edmonton
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Mississauga
Mississauga’s property tax is based on the assessed value of the home. Although Ontario normally operates on a four-year assessment cycle, province-wide reassessments have been postponed since the 2016 assessment year. As a result, MPAC continues to base property taxes on 2016 assessed values until the next reassessment is implemented. Property tax is calculated by multiplying the assessed property value by the total tax rate. The total rate mainly consists of a municipal portion (set by the City of Mississauga), a regional portion (set by the Region of Peel), and an education portion (set by the Province of Ontario and generally consistent across the province). Property taxes help fund city services such as police, fire services, and public transit, as well as elementary and secondary education.
Calculate my property tax in Mississauga
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Winnipeg
Winnipeg’s property tax is based on the assessed value of the home. Under Manitoba’s Municipal Assessment Act, properties are generally reassessed every two years through a province-wide general assessment to reflect market values as of a legislated base date. Property tax in Manitoba consists of several components: a municipal rate (set by the City of Winnipeg), a provincial Education Support Levy rate (set by the Province of Manitoba), and a school division rate (set by the local school division). Additional local service levies may also apply where required. Rates are expressed in mills, where 1 mill equals 0.1% (or $1 of tax per $1,000 of assessed value). Manitoba also uses a portioning system, meaning only a specified percentage of a property’s assessed value is taxable, and that percentage varies by property class.
Calculate my property tax in Winnipeg
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Vancouver
Vancouver’s property tax is based on the assessed value of the home; every year, the BC Assessment conducts an evaluation of properties all over British Columbia. At the beginning of the year, property assessment notices are sent out which records the property values as of July 1st of last year and followed by a tax notice that calculates how much tax is owed based on the assessed value. Generally, the tax will consist of a Municipal Tax as determined by your municipality and a School Tax determined by the number of residences and their values in your district. The tax is responsible for funding services such as police and fire protection, garbage collection, schools, and hospitals.
Calculate my property tax in Vancouver
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Brampton
Brampton’s property tax is based on the assessed value of the home. Although Ontario normally operates on a four-year assessment cycle, province-wide reassessments have been postponed since the 2016 assessment year. As a result, MPAC continues to base property taxes on 2016 assessed values until the next reassessment is implemented. Property tax is calculated by multiplying the assessed property value by the total tax rate. The total rate mainly consists of a municipal portion (set by the City of Brampton), a regional portion (set by the Region of Peel), and an education portion (set by the Province of Ontario and generally consistent across the province). Property taxes help fund city services such as police, fire services, public transit, and other municipal programs, as well as elementary and secondary education.
Calculate my property tax in Brampton
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Hamilton
Hamilton’s property tax is based on the assessed value of the home. Although Ontario normally operates on a four-year assessment cycle, province-wide reassessments have been postponed since the 2016 assessment year. As a result, MPAC continues to base property taxes on 2016 assessed values until the next reassessment is implemented. Property tax is calculated by multiplying the assessed property value by the total tax rate. The total rate mainly consists of a municipal portion (set by the City of Hamilton) and an education portion (set by the Province of Ontario and generally consistent across the province). Property taxes help fund city services such as police, fire services, public transit, and other municipal programs, as well as elementary and secondary education.
Calculate my property tax in Hamilton
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Québec
Québec City’s annual property tax is based on the assessed value of the home. In Québec, properties are assessed every three years by the regional county municipality (municipalité régionale de comté, or MRC). The tax is calculated by applying the current year’s tax rate to the assessed property value. This rate is made up primarily of a municipal tax, which varies by borough, and an education tax set by the province, which is uniform across Québec. Property taxes fund local services such as policing, fire protection, public transit, and elementary and secondary education.
Calculate my property tax in Québec
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Surrey
Surrey’s property tax is based on the assessed value of the home; every year, the BC Assessment conducts an evaluation of properties all over British Columbia. At the beginning of the year, property assessment notices are sent out which records the property values as of July 1st of last year and followed by a tax notice that calculates how much tax is owed based on the assessed value. Generally, the tax will consist of a Municipal Tax as determined by your municipality and a School Tax determined by the number of residences and their values in your district. The tax is responsible for funding services such as police and fire protection, garbage collection, schools, and hospitals.
Calculate my property tax in Surrey
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Laval
Laval’s annual property tax is based on the assessed value of the home. In Québec, properties are assessed every three years by the regional county municipality (municipalité régionale de comté, or MRC). The tax is calculated by applying the current year’s tax rate to the assessed property value. This rate mainly consists of a municipal tax, which may vary depending on the area of the property, and an education tax set by the province, which is uniform across Québec. Property taxes are used to fund city services such as policing, fire protection, public transit, and elementary and secondary education.
Calculate my property tax in Laval
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Halifax
Halifax’s property tax is based on the assessed value of the home; properties are assessed by the Property Valuation Services Corporation which mails out property assessment notices every year in January. Property tax in Halifax consists of a general tax that is determined by the municipality and varies by location, and a provincial tax set by the provincial government of Nova Scotia. Halifax also applies different municipal rates for properties in urban areas than those in suburban areas. The tax is used to pay for city services such as police, the fire department, and public transit as well as elementary and secondary education.
Calculate my property tax in Halifax
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London
London’s property tax is based on the assessed value of the home. Although Ontario normally operates on a four-year assessment cycle, province-wide reassessments have been postponed since the 2016 assessment year. As a result, MPAC continues to base property taxes on 2016 assessed values until the next reassessment is implemented. Property tax is calculated by multiplying the assessed property value by the total tax rate. The total rate mainly consists of a municipal portion (set by the City of London) and an education portion (set by the Province of Ontario and generally consistent across the province). Property taxes help fund city services such as police, fire services, public transit, and other municipal programs, as well as elementary and secondary education.
Calculate my property tax in London
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Markham
Markham’s property tax is based on the assessed value of the home. Although Ontario normally operates on a four-year assessment cycle, province-wide reassessments have been postponed since the 2016 assessment year. As a result, MPAC continues to base property taxes on 2016 assessed values until the next reassessment is implemented. Property tax is calculated by multiplying the assessed property value by the total tax rate. The total rate mainly consists of a municipal portion (set by the City of Markham), a regional portion (set by York Region), and an education portion (set by the Province of Ontario and generally consistent across the province). Property taxes help fund city services such as police, fire services, public transit, and other municipal programs, as well as elementary and secondary education.
Calculate my property tax in Markham
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Vaughan
Vaughan’s property tax is based on the assessed value of the home. Although Ontario normally operates on a four-year assessment cycle, province-wide reassessments have been postponed since the 2016 assessment year. As a result, MPAC continues to base property taxes on 2016 assessed values until the next reassessment is implemented. Property tax is calculated by multiplying the assessed property value by the total tax rate. The total rate mainly consists of a municipal portion (set by the City of Vaughan), a regional portion (set by York Region), and an education portion (set by the Province of Ontario and generally consistent across the province). Property taxes help fund city services such as police, fire services, public transit, and other municipal programs, as well as elementary and secondary education.
Calculate my property tax in Vaughan
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Gatineau
Gatineau’s annual property tax is based on the assessed value of a home, and is separate from the Welcome Tax (which applies only when a property is purchased). In Québec, property assessments are updated every three years by the regional county municipality (municipalité régionale de comté, or MRC). The amount you pay each year depends on the combined tax rate applied to that assessed value. This rate is made up mainly of a municipal portion, which can vary by borough (arrondissement) within the city, and a provincially set education tax that is consistent across Québec. The revenue collected helps fund essential local services, including police and fire protection, public transit, and the province’s elementary and secondary education system.
Calculate my property tax in Gatineau
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Saskatoon
Saskatoon’s property tax is based on the assessed value of the home; every four years, Saskatoon assesses properties based on guidelines set by the Saskatchewan Assessment Management Agency (SAMA), and the year on which the assessments are determined is called the “base date.” Saskatchewan uses the mill rate factor system where each property classification is assigned to pay a certain percentage of the tax rate. The tax consists of a municipal tax that depends on the municipality of the property and an education tax that is the same throughout the province. For the municipal portion of your tax, the municipal mill rate will be multiplied by the total taxable assessment then multiplied by the mill rate factor for determining the amount. There is a set education mill rate established by the province for all municipalities, and no mill rate factor is applied to it. The tax rate is expressed in mills, where 1 mill = 0.1%. The tax is used to pay for city services such as police, the fire department, and public transit as well as elementary and secondary education.
Calculate my property tax in Saskatoon

Effective Property Tax Rate by WOWA

WOWA has developed an Effective Property Tax Rate that describes the relationship between the market value of a property and its property tax. This is different from the official property tax rate based on the assessed value of a property, which can deviate significantly from the property’s market value.

The Effective Property Tax Rate allows you to estimate the property taxes of a home or residential property using just its fair market value. This allows Canadians to better understand and estimate property taxes when comparing properties.

In 2019, the City of Toronto’s official property tax rate was 0.614770%. If you bought or owned a $500K condo, you may expect to pay an annual property tax of $3,074 ($500K x Property Tax Rate). In reality, you would likely pay around $1,900 in annual property taxes due to differences between the assessed value of the property and its market value.

Your Effective Property Tax Rate would be 0.3726%, lower than the official property tax rate of 0.614770%.

How is My Property Tax Estimated?

We collected property tax and asking price data for 1414 condo apartments in Toronto. Your property tax estimate is computed via a linear model fitted to this data.

Official Property Tax Rates

Property taxes are the main source of revenue for municipalities. They are usually determined once a year near the second half of the year.

In Canada, the finances of municipalities are highly regulated by provincial governments and there are strict restrictions on borrowing. As a result, municipalities have to carefully balance their budgets according to the expenses they have for each year. One tool that they can use is their property tax rate. By deciding on the property tax rates later in the year, municipalities get more time to figure out how much additional (or less) revenue they need.

Interim Property Taxes

Interim property taxes, or property taxes for the first half of the year, are used by many municipalities throughout Canada. They are collected based on the property tax rates from the previous year. The amount paid for interim property taxes will be put towards the total property tax payment for the year. They allow cities to be able to collect tax revenue while deciding on their budget for the year and their final property tax rate.

If the final property tax rate is higher than the previous year’s tax rate, you will have to pay more for the second round of payments in the year to make up for the difference. Likewise, if the final property tax rate is lower than the previous year’s tax rate, you will pay less for the second round of payments in the year.

Disclaimer:

  • Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
  • The calculators and content on this page are for general information only. WOWA does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
  • Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
  • Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.