Hamilton Property Tax Calculator 2023
In June 2023, the Hamilton city councillors suggested that the city taxpayers would likely be burdened to cover an additional $54 million in taxes as a result of Bill 23, which exempts developers from certain development fees. The city staff estimated that as a result, the property taxes and water taxes in 2024 would increase by 2.8% and 8.7%, respectively.
Water and wastewater rates in Hamilton are projected to increase at an annual rate of 10% from 2024 - 2032, which is more than double the average rate of 4.7% observed over the past decade. To help seniors cope with this increase, the city has proposed an annual assistance of $145 to qualified residents.
The City of Hamilton is located west of Lake Ontario and is home to over 569K residents. Hamilton real estate prices have increased by 6.8% from July 2022 to July 2023, with the average sold price of a house in Hamilton being $847K in July 2023. Single-family detached houses are by far the most commonly sold property type on the Hamilton real estate market, accounting for over 65% of the sales volume, followed by sales of townhouses and condominiums. New listings in Hamilton have increased by 8.1% in the same period. From the long-term perspective, Hamilton real estate prices have increased significantly over time, with average house prices increasing 173% over a 10-year period from July 2013 to July 2023.
Hamilton 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 Hamilton final property tax rate for the year by the MPAC property assessed value.
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.
I know my home’s MPAC Assessed value
I Don't Know My Home's Assessed Value
2023 Tax rates for Cities Near Hamilton
| City | Final Tax Rate |
|---|---|
| Burlington | 0.861442 % |
| Brantford | 1.384690 % |
| Milton | 0.733577 % |
| Oakville | 0.760437 % |
Hamilton 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 Hamilton from 2011 to 2023 | |||
|---|---|---|---|
| Year | Municipal Rate | Educational Rate | Final Tax Rate |
| 2023 | 0.517000% | 0.153000% | 1.327000% |
| 2022 | 0.477000% | 0.153000% | 1.245249% |
| 2021 | 0.476000% | 0.153000% | 1.208567% |
| 2020 | 0.466000% | 0.153000% | 1.189000% |
| 2019 | 0.454000% | 0.161000% | 1.222000% |
| 2018 | 0.470000% | 0.170000% | 1.262000% |
| 2017 | 0.469000% | 0.170000% | 1.312168% |
| 2016 | 0.490000% | 0.170000% | 1.366817% |
| 2015 | 0.486000% | 0.170000% | 1.383361% |
| 2014 | 0.477000% | 0.170000% | 1.387211% |
| 2013 | 0.501529% | 0.170000% | 1.410043% |
| 2012 | 0.503000% | 0.170000% | 1.425336% |
| 2011 | 0.528000% | 0.170000% | 1.479262% |
Hamilton 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 Hamilton's property tax department through the following methods:
| Phone number | 905-546-2489 |
|---|---|
| askCity@hamilton.ca |
Hamilton 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 Hamilton's property tax department through the following methods:
| Phone number |
|---|
| 905-546-2489 |
| askCity@hamilton.ca |
| Hamilton at a Glance | |
|---|---|
| Province | Ontario |
| Settled Year | 1778 |
| Established Year | 1816 |
| Incorporated Year | 1846 |
| Population | 569,353 |
| City Area | 1,138.11 km 2 (439.43 sq mi) |
| Official Website | Hamilton 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 Hamilton's final property tax rate.
Property Tax of Other Cities in Ontario
Hamilton homeowners looking to save cash on homeownership are switching to cheaper mortgages. Just a difference of a few percentage points can potentially save you thousands of dollars over multiple years. Take a look at Hamilton mortgage rates to learn more.