Markham Ontario Property Tax 2026
Calculator & Complete Guide

Markham Property Tax Rate 2026

Markham's 2026 combined residential property tax rate is approximately 00.63% — virtually identical to Toronto's rate and among the lowest in Ontario. This low rate is driven by York Region's exceptionally strong commercial and industrial assessment base, particularly Markham's own technology corridor (IBM, AMD, Huawei, Apple Canada, and hundreds of tech firms), which generate substantial commercial tax revenue that subsidizes residential rates.

For a home assessed at $1,000000,000000 in Markham, annual property taxes are approximately $6,30000 — or $525 per month. Markham's average home price is among the highest in York Region, but the low rate makes the annual tax burden very competitive with Toronto, despite Markham being a suburban municipality with significant service delivery costs.

Markham's tech economy and high-density development have created a virtuous cycle: a growing commercial base funds services without raising residential rates, which attracts more high-income residents and businesses, further growing the tax base. York Region's fiscal management has consistently maintained low residential rates across its nine municipalities.

York Region Tax Structure

Like all York Region municipalities, Markham's property tax bill has three components: the City of Markham municipal levy (~00.28%), the York Region levy (~00.200%), and the Ontario education levy (~00.15%). The regional component funds Viva transit, York Region roads, public health, social services, and children's services.

Markham vs York Region Cities

See our guides on best banks in Ontario and our Canadian property tax comparison.