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Elliot Lake Property Tax Calculator 2023

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The City of Elliot Lake is located in the Algoma District of Ontario and has a population of over 11K residents. The City of Elliot Lake has over 4,000 lakes and is one of the largest fishing regions in Ontario. At the centre of the city, there is a lake named Elliot Lake. There are many waterfront properties throughout the city. Elliot Lake‘s real estate market contains many different property types, including single-family detached houses, townhouses/row houses, and condominiums. Elliot Lake property tax rates are one of the highest property tax rates in Ontario for municipalities with a population greater than 10K.

Elliot Lake property tax is based on the assessed value of your home. Every four years, the Municipal Assessment Corporation (MPAC) conducts an evaluation of properties all over Ontario and submits assessed values for each of them. This assessed value can differ significantly from the market value of your property. Your final property tax amount is calculated by multiplying the Elliot Lake final property tax rate for the year by the MPAC property assessed value.

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You can calculate your property tax using either your home's MPAC assessed value or your home's most recent market price. Just enter the price and type of your property, and we will give you an instant property tax estimate.

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MPAC Assessed Value of the Property
2023 Property Tax Value
2023 Residential Property Tax Rate
2.319877 %

2023 Tax rates for Cities Near Elliot Lake

City Final Tax Rate
Greater Sudbury1.649523 %
Owen Sound1.838271 %
North Bay1.664320 %
Highest1-YearGIC Ratesmaple leaf
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Elliot Lake Property Taxes

Property tax is a tax based on the assessed value of a property. If you own a property or parcel of land, you will have to pay property tax. It is used to pay for city services such as police, the fire department, and public transit as well as elementary and secondary education.

There are two main parts to a property tax:

  • A municipal tax that depends on the municipality of the property
  • An education tax that is the same throughout Ontario.

Some cities may add additional taxes. For example, the City of Toronto has a City Building Fund Levy that is used for public transit and housing projects in the city.

Property tax rates also depend on the type of property. Common major categories are Residential, Multi-Residential, Commercial, Industrial and Farmland. Almost all homes will apply under Residential property tax rates.

Residential Property Tax Rate for Elliot Lake from 2018 to 2023
YearMunicipal RateEducational RateFinal Tax Rate
2022Not Available0.150000%Not Available
2021Not Available0.150000%Not Available
2020Not Available0.153000%Not Available
Based on of Elliot Lake official website: check source

Elliot Lake Property Tax Department Information

For any questions or inquiries about your property tax rate or property tax bill, you can reach out to the city of Elliot Lake's property tax department through the following methods:

Phone number
Contact Form
Elliot Lake Property Tax Department Information
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Elliot Lake at a Glance
Settled Year1953
Established Year1955
Incorporated Year 1991
Population 11,372
City Area714.65 km 2 (275.93 sq mi)
Official WebsiteElliot Lake Official Website

Property Taxes in Ontario for a $500K MPAC Assessed Value Home*

Assessed Value of a Property

Property value assessments in Ontario are conducted every four years by the Municipal Property Assessment Corporation (MPAC). They conduct assessments for all types of property in Ontario ranging from residential properties to farms to commercial properties. For residential properties, they use a number of factors, including market price, to determine the assessed value of a property. While they release overviews of their valuation guidelines, there is no transparency in the assessment of a specific property.

Homeowners may find that the assessed value of their property differs significantly from its market price. There is also no way to retrieve and compare the assessed value of other properties.

Property Taxes in Ontario for a $500K Fair Market Value Detached Home*

How We Calculate Your Property Tax

If you entered your home's Provinical Assessment value, we calculate your property tax by multiplying your Assessment value by Elliot Lake's final property tax rate.
This calculator is provided for general information purposes only. This calculation may not include any special charges, levies or fees. Results are approximations only. For official and the most up-to-date information, please see your porerty tax bill or contact the relevant taxation authority of your region.