Niagara Falls Property Tax Calculator 2023
The City of Niagara Falls is located west of the US/Canada border in the Regional Municipality of Niagara and is home to over 94K residents. The population of Niagara Falls increased by 7% from 2016 to 2021. 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. As per data from the Niagara Association of Realtors, the HPI Benchmark Price of a home in Niagara Falls for the month of July was $662K, a decrease of 7.6% from July 2022. Niagara‘s housing market saw an unprecedented surge in demand during the pandemic due to residents moving out of the Greater Toronto Area, which contributed to a remarkable growth in home prices in the region. Home prices in the Niagara Region increased by 60% in the 4-year period from July 2019 to July 2023.
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 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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2023 Tax rates for Cities Near Niagara Falls
| City | Final Tax Rate |
|---|---|
| Thorold | 1.538049 % |
| Brock | 1.280766 % |
| St. Catharines | 1.631569 % |
| Welland | 1.757190 % |
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 2023 | |||
|---|---|---|---|
| Year | Municipal Rate | Educational Rate | Final Tax Rate |
| 2023 | 0.542281% | 0.153000% | 1.505063% |
| 2022 | 0.454688% | 0.153000% | 1.346015% |
| 2021 | 0.513887% | 0.153000% | 1.309140% |
| 2020 | 0.434272% | 0.153000% | 1.218413% |
| 2019 | 0.436154% | 0.161000% | 1.214275% |
| 2018 | 0.454208% | 0.170000% | 1.243790% |
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 |
|---|---|
| finance@niagarafalls.ca |
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 |
| finance@niagarafalls.ca |
| Niagara Falls at a Glance | |
|---|---|
| Province | Ontario |
| Settled Year | 1800 |
| Established Year | 1881 |
| Incorporated Year | 1903 |
| Population | 94,415 |
| City Area | 209.73 km 2 (80.98 sq mi) |
| Official Website | Niagara Falls 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.
