Muskoka Lakes Property Tax Calculator 2023
The Township of Muskoka Lakes is a small municipality located in the District of Muskoka and is home to over 7k residents. The population of the Township of Muskoka Lakes increased by 16% from 2016 to 2021. With its municipality office located at Port Carling, the township is made up of several former townships that amalgamated in 1971. The township covers a large geographical area around lakes Mukoka, Rousseau, and Joseph and has a total of 80 lakes within its boundaries. Muskoka Lakes is popular for its cottages and waterfront properties. According to data from the Lakelands Association of Realtors, the median price of a waterfront home in the region for the month of July 2023 was $980K, and that of a non-waterfront property was $592K.
Muskoka Lakes 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 Muskoka Lakes 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.
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The City of Muskoka Lakes has not yet released it's 2023 final property tax rates. Rates will be updated as soon as they are published.
2022 Tax rates for Cities Near Muskoka Lakes
| City | Final Tax Rate |
|---|---|
| Orillia | 1.422831 % |
| Barrie | 1.254822 % |
| Georgina | 1.019730 % |
| Kawartha Lakes | 0.800620 % |
Muskoka Lakes 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 Muskoka Lakes - Cardwell and Watt Ward from 2022 to 2023 | |||
|---|---|---|---|
| Year | Municipal Rate | Educational Rate | Final Tax Rate |
| 2023 | Not Available | Not Available | Not Available |
| 2022 | 0.125276% | 0.153000% | 0.601956% |
| Residential Property Tax Rate for Muskoka Lakes - Windermere Ward from 2022 to 2023 | |||
|---|---|---|---|
| Year | Municipal Rate | Educational Rate | Final Tax Rate |
| 2023 | Not Available | Not Available | Not Available |
| 2022 | 0.125276% | 0.153000% | 0.603305% |
| Residential Property Tax Rate for Muskoka Lakes - Medora and Wood Ward from 2022 to 2023 | |||
|---|---|---|---|
| Year | Municipal Rate | Educational Rate | Final Tax Rate |
| 2023 | Not Available | Not Available | Not Available |
| 2022 | 0.125276% | 0.153000% | 0.602478% |
| Residential Property Tax Rate for Muskoka Lakes - Port Carling Ward from 2022 to 2023 | |||
|---|---|---|---|
| Year | Municipal Rate | Educational Rate | Final Tax Rate |
| 2023 | Not Available | Not Available | Not Available |
| 2022 | 0.125276% | 0.153000% | 0.883266% |
| Residential Property Tax Rate for Muskoka Lakes - Bala Ward from 2022 to 2023 | |||
|---|---|---|---|
| Year | Municipal Rate | Educational Rate | Final Tax Rate |
| 2023 | Not Available | Not Available | Not Available |
| 2022 | 0.125276% | 0.153000% | 0.885037% |
| Residential Property Tax Rate for Muskoka Lakes - Monck Ward from 2022 to 2023 | |||
|---|---|---|---|
| Year | Municipal Rate | Educational Rate | Final Tax Rate |
| 2023 | Not Available | Not Available | Not Available |
| 2022 | 0.125276% | 0.153000% | 0.603782% |
Muskoka Lakes Property Tax Department Information
For any questions or inquiries about your property tax rate or property tax bill, you can reach out to the Township of Muskoka Lakes property tax department through the following methods:
| Phone number | 705-765-3156 |
|---|---|
| Contact Form | Muskoka Lakes Property Tax Department Information |
Muskoka Lakes Property Tax Department Information
For any questions or inquiries about your property tax rate or property tax bill, you can reach out to the Township of Muskoka Lakes property tax department through the following methods:
| Phone number |
|---|
| 705-765-3156 |
| Contact Form |
| Muskoka Lakes Property Tax Department Information |
| Muskoka Lakes at a Glance | |
|---|---|
| Province | Ontario |
| Settled Year | 1870 |
| Established Year | 1971 |
| Incorporated Year | N/A |
| Population | 7,652 |
| City Area | 794.26 km 2 (306.67 sq mi) |
| Official Website | Muskoka Lakes 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.