Property Tax Calculator Ontario 2025

No fee everyday banking

Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.

See how it works

Estimate your annual Ontario property tax bill in seconds. Select your city and enter your MPAC assessed value.

Ontario Property Tax Calculator

Ontario property taxes are calculated as: Assessed Value × Tax Rate (mill rate). Select your city to apply the correct rate.

MPAC Assessed Value of your property ($) Select your municipality

Estimated Annual Property Tax:

*Estimate only. Actual tax includes education levies and may vary. Verify with your municipality.

Ontario Municipal Property Tax Rates 2025

Municipality	Residential Tax Rate	Tax on $700K Home	Tax on $1M Home
Toronto	0.6110%	$4,277	$6,110
Mississauga	0.6591%	$4,614	$6,591
Brampton	0.8765%	$6,136	$8,765
Vaughan	0.7800%	$5,460	$7,800
Markham	0.8982%	$6,287	$8,982
Ottawa	1.0673%	$7,471	$10,673
Hamilton	1.2778%	$8,945	$12,778
London	1.3000%	$9,100	$13,000
Windsor	1.1500%	$8,050	$11,500
Kingston	1.3500%	$9,450	$13,500

Why Toronto has the lowest rate: Toronto's lower property tax rate reflects its much higher assessed home values. In absolute dollars, Toronto homeowners often pay similar or more in property tax than homeowners in other Ontario cities — it just looks lower as a percentage.

How Ontario Property Tax Is Calculated

Ontario property taxes are based on your property's Current Value Assessment (CVA) as determined by MPAC (the Municipal Property Assessment Corporation). The tax formula is:

Property Tax = CVA × Municipal Tax Rate + Education Tax Rate

Components of Your Tax Bill

Municipal levy: Funds local services — police, fire, roads, libraries, transit
Education levy: Funds Ontario public school boards (set at ~0.153% province-wide)

Your MPAC assessment (CVA) is the estimated market value of your property as of a specific base date. Ontario's current assessments are based on January 1, 2016 values, frozen due to COVID-19 reassessment delays.

Frequently Asked Questions

How do I find my MPAC assessed value in Ontario?

You can find your property's assessment by visiting AboutMyProperty.ca (MPAC's portal). You'll receive a Property Assessment Notice every 4 years, or you can check online anytime. The assessed value may differ significantly from current market value.

Can I appeal my property assessment in Ontario?

Yes. You can file a Request for Reconsideration (RfR) with MPAC if you believe your assessment is inaccurate. If unsatisfied with MPAC's response, you can appeal to the Assessment Review Board (ARB). Deadlines apply — typically March 31 of the assessment year.

When are Ontario property taxes due?

Due dates vary by municipality. Toronto collects property tax in two main installments (February and May) plus interim bills. Most Ontario municipalities bill in spring and fall. Check your municipality's website for exact dates.

What is the Ontario Trillium Benefit and does it help with property tax?

The Ontario Trillium Benefit (OTB) includes the Ontario Property Tax Credit (OEPTC), which provides a refundable tax credit to lower-income Ontario residents who pay rent or property tax. See our OTB page for details.

Does my Toronto property tax include education tax?

Yes. Your Ontario property tax bill includes both the municipal rate and the provincial education rate. The education rate is set by the province (not your municipality) and is approximately 0.153% for residential properties across Ontario.