Niagara Falls Property Tax Calculator 2021

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The City of Niagara Falls is located west of the US/Canada border in the Regional Municipality of Niagara and is home to over 88K residents. The population of Niagara Falls increased by 6% from 2011 to 2016. Niagara Falls real estate market offers many different property types, including single-family detached houses, bungalows, low-rise condominiums, apartments, luxury high-rise condominiums, mansions, and townhouses. Single-family detached houses are by far the most commonly sold property type on the Niagara Falls real estate market, accounting for approximately 80% of sales volume, followed by sales of townhouses and condominiums. Demand in Niagara‘s housing market is partially driven by residents moving out of the Greater Toronto Area following the onset of the coronavirus pandemic. Niagara Falls property tax rates are the 32nd lowest property tax rates in Ontario for municipalities with a population greater than 10K.

Niagara Falls 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 Niagara Falls final property tax rate for the year by the MCAP property assessed value.

You can calculate your property tax using either your home's MCAP 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.

MCAP Assessed Value of the Property
attach_money
2020 Property Tax Value
$6,0926.09k
2020 Residential Property Tax Rate
1.218413 %

2020 Tax rates for Cities Near Niagara Falls

City Final Tax Rate
Thorold1.399864 %
Brock1.188336 %
St. Catharines1.432167 %
Welland1.600192 %
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Niagara Falls 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 Niagara Falls from 2018 to 2020
YearMunicipal RateEducational RateFinal Tax Rate
20200.434272%0.153000%1.218413%
20190.436154%0.161000%1.214275%
2018 0.454208%0.170000%1.243790%
Based on city of Niagara Falls official website:check source

Niagara Falls 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 Niagara Falls's property tax department through the following methods:

Phone number
905-356-7521
Email
finance@niagarafalls.ca
Niagara Falls at a Glance
ProvinceOntario
Settled Year1800
Established Year1881
Incorporated Year1903
Population88,071
City Area209.73 km 2 (80.98 sq mi)
Official WebsiteNiagara Falls Official Website

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

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

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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*

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 Niagara Falls'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.