Toronto Property Tax Calculator 2020

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Toronto 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 Toronto 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.

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Latest News: COVID-19 Property Tax Deadline Extension

If your interim property tax was due between March 16 to May 15, your deadline has been extended for 60 days. Deadlines for payments to final property tax bills have been extended for 30 days.

MCAP Assessed Value of the Property
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2020 Property Tax Value
$2,9993.00k
2020 Residential Property Tax Rate
0.599704 %

2020   Tax Rates for Cities Near Toronto

City Final Tax rate
Vaughan0.665259 %
Mississauga0.785962 %
Markham0.628191 %

Toronto Property Tax Rates from 2010 to 2020

Toronto Property Tax Rates from 2010 to 2020

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Property Tax in Ontario

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 Toronto from 2018 to 2020
YearMunicipal RateEducational RateFinal Tax Rate
20200.440230%0.153000%0.599704%
20190.451568%0.161000%0.614770%
2018 0.463237%0.170000%0.635505%
Based on city of Toronto official website: Check Source

Toronto Property Tax Lookup

Homeowners and landlords in Toronto have a property tax account registered with the City of Toronto. You can find information about your total property tax bill, payment history, future payments, payment program and schedule, as well as change your mailing address and how to make an online payment.

Toronto Property Tax Lookup Page

You can find information about your property tax bill online

How to check your City of Toronto property tax account

You will need the following information from your property tax bill: your Assessment Roll Number, Last Name or Business Name, Postal Code, and Customer Number. You can then go to City of Toronto Property Tax Lookup to login with your information.

City of Toronto

The City of Toronto is the capital city of Ontario and is located north of Lake Ontario in the Greater Toronto Area. Toronto is home to over 2.7M residents and the population of Toronto increased by 5% from 2011 to 2016. Toronto real estate prices have increased by 10% from November 2019 to November 2020 and the average price of a house in Toronto is $1.0M.
Toronto at a Glance
ProvinceOntario
Settled Year1750
Established Year1793
Incorporated Year1834
Population2,731,571
City Area630.20 km 2 (243.32 sq mi)
Official WebsiteToronto Official Website
Official Phone Number416-392-2489
Official E-mail311@toronto.ca

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

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

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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 MCAP assessed value, we calculate your property tax by multipling your assessed value by Toronto's final property tax rate.

If you entered your home's market value, we use our analysis of properties in Toronto to determine your home's assessed value using it's market price and property type.

Toronto 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 property tax bill or contact the relevant taxation authority of your region.