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Oakville Property Tax Calculator 2023

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Oakville Municipality Flag

The Town of Oakville is located northwest of Lake Ontario in the Regional Municipality of Halton and is home to over 213K residents. The population of Oakville increased by 10.3% from 2016 to 2021. Oakville real estate prices increased by a minor 0.3% from July 2022 to July 2023, with the average sold price of a house in Oakville being $1.53M in July 2023. The sales volume increased by 10.5% in the same period. Single-family detached houses are by far the most commonly sold property type on the Oakville real estate market, accounting for approximately 45% of sales volume, followed by sales of townhouses and condominiums. In July 2023, Oakville was the 2nd most expensive municipality in the Greater Toronto Area based on the average selling price of a home. From the long-term perspective, the average price of detached homes in Oakville has increased 143% over a 10-year period from July 2013 to July 2023.

Oakville 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 Oakville 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
0.760437 %

2023 Tax rates for Cities Near Oakville

City Final Tax Rate
Mississauga0.881540 %
Burlington0.861442 %
Milton0.733577 %
Brampton1.039311 %
Highest1-YearGIC Ratesmaple leaf
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Oakville 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 Oakville from 2018 to 2023
YearMunicipal RateEducational RateFinal Tax Rate
2022Not Available0.153000%0.732324%
2021Not Available0.153000%0.721512%
2020Not Available0.153000%0.709970%
2019Not Available0.161000%0.734441%
2018Not Available0.170000%0.765860%
Based on of Oakville official website: check source

Oakville 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 Oakville's property tax department through the following methods:

Phone number
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Oakville at a Glance
Settled Year1807
Established Year1827
Incorporated Year 1857
Population 213,759
City Area138.89 km 2 (53.63 sq mi)
Official WebsiteOakville 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 Oakville's final property tax rate.
Oakville Property Tax vs Asking Price
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.