Oakville Property Tax Calculator 2021

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The Town of Oakville is located northwest of Lake Ontario in the Regional Municipality of Halton and is home to over 193K residents. The population of Oakville increased by 6% from 2011 to 2016. Oakville real estate prices increased by 26% from November 2019 to November 2020 and the average price of a home in Oakville is $1.3M. Single-family detached houses are by far the most commonly sold property type on the Oakville real estate market, accounting for approximately 50% of sales volume, followed by sales of townhouses and condominiums. Oakville is ranked as the 2nd most expensive municipality in the Greater Toronto Area based on the average selling price of a home, coming after the Township of King, which is ranked the most expensive municipality in the GTA. Oakville property tax rates are the 6th lowest property tax rates in Ontario for municipalities with a population greater than 10K.

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 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
2020 Property Tax Value
$3,5503.55k
2020 Residential Property Tax Rate
0.709970 %

2020 Tax rates for Cities Near oakville

City Final Tax Rate
Mississauga0.785962 %
Burlington0.760563 %
Milton0.668702 %
Brampton0.953306 %

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 2020
YearMunicipal RateEducational RateFinal Tax Rate
2020Not Available0.153000%0.709970%
2019Not Available0.161000%0.734441%
2018 Not Available0.170000%0.765860%
Based on city 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
905-845-6601
Email
service@oakville.ca
Oakville at a Glance
ProvinceOntario
Settled Year1807
Established Year1827
Incorporated Year 1857
Population 193832
City Area138.89 km 2 (53.63 sq mi)
Official WebsiteOakville Official Website

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

Property Taxes in Ontario for a $500K MCAP 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*

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 {{city}}'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.