Peterborough Property Tax Calculator 2021

City of Peterborough Flag

The City of Peterborough is located along the Otonabee River in Peterborough County and is home to over 81K residents. Peterborough real estate prices increased by 24% from October 2019 to October 2020 and the average price of a house in Peterborough is $572K. Based on data from the Peterborough and Kawarthas Real Estate Association, real estate volume in Peterborough also increased by 14% during the same period. The low inventory of active listings on the Peterborough real estate market is an issue exacerbated by increased demand and decreased new listings, possibly due to the effects of the onset of the coronavirus pandemic, which has and will continue to put upward pressure on real estate prices in Peterborough. Single-family detached houses are by far the most commonly sold property type on the Peterborough real estate market, accounting for a majority of the sales volume, followed by a few sales of townhouses and condominiums. Peterborough property tax rates are the 46th lowest property tax rates in Ontario for municipalities with a population greater than 10K.

Peterborough 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 Peterborough 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
2020 Residential Property Tax Rate
1.401679 %

2020 Tax rates for Cities Near Peterborough

City Final Tax Rate
Kawartha Lakes0.979290 %
Clarington1.131598 %
Scugog1.053301 %
Oshawa1.288498 %
Download Chart

Top Real Estate Agents in


Peterborough 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 Peterborough from 2018 to 2020
YearMunicipal RateEducational RateFinal Tax Rate
2018 1.256895%0.170000%1.426895%
Based on city of Peterborough official website:check source

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

Phone number
Peterborough at a Glance
Settled Year1819
Established Year1826
Incorporated Year 1905
Population 202,259
City Area343.38 km 2 (132.58 sq mi )
Official WebsitePeterborough Official Website

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

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

Top Real Estate Agents in


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 Peterborough's final property tax rate.
Peterborough 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.