Temiskaming Shores Property Tax Calculator 2023

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Temiskaming Shores Municipality Flag

The City of Temiskaming Shores is located along Lake Timiskaming in the District of Timiskaming. The population of Temiskaming Shores decreased by 3% from 2016 to 2021. According to data from the Timmins, Cochrane & Timiskaming Districts Association of Realtors, the average home price in the region in July 2023 was $258K, an increase of 5.1% from July 2022. The sales volume dropped by about 14% during the same period. The new listings in the region were 19% below the 5-year average, while the active listings were 27% below the 5-year average in July 2023. The most common type of property in Temiskaming Shores is single-family detached homes.

Temiskaming Shores 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 Temiskaming Shores 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.

I know my home’s MPAC Assessed value

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MPAC Assessed Value of the Property
2023 Property Tax Value
$6,7626.76k
2023 Residential Property Tax Rate
1.352420 %

2023 Tax rates for Cities Near Temiskaming Shores

City Final Tax Rate
North Bay1.664320 %
Greater Sudbury1.649523 %
Timmins1.933103 %
Elliot Lake2.319877 %
Highest1-YearGIC Ratesmaple leaf
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1-Year

Temiskaming Shores 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 Temiskaming Shores from 2018 to 2023
YearMunicipal RateEducational RateFinal Tax Rate
20231.199420%0.153000%1.352420%
20221.156980%1.309980%1.156980%
2021Not Available0.153000%Not Available
20201.137600%0.153000%1.290600%
2019Not AvailableNot AvailableNot Available
2018Not AvailableNot AvailableNot Available
Based on of Temiskaming Shores official website: check source

Temiskaming Shores 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 Temiskaming Shores's property tax department through the following methods:

Phone number
705-672-3363
Contact Form
Temiskaming Shores Property Tax Department Information
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Temiskaming Shores at a Glance
ProvinceOntario
Settled Year1889
Established Year1912
Incorporated Year 2004
Population 9,634
City Area178.11 km 2 (68.77 sq mi)
Official WebsiteTemiskaming Shores 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 Temiskaming Shores's final property tax rate.

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  • Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.