Know your numbers
Ontario Property Tax Calculator
Calculate your annual property taxes for residential and commercial properties
What you'll work outAbout 3-5 minutes
- 2026 Toronto, Mississauga, Brampton & Markham residential rates
- Multiple property types
- First-time buyer rebates
- Payment schedule options
- Special charges inclusion
- Market value estimation
Ontario Property Tax Calculator
Estimate your property taxes with the City of Toronto's 2026 residential rate, verified 2026 rates for Mississauga, Brampton and Markham, and editable estimates for other municipalities.
Estimates for information only, not financial, tax or legal advice, and not a mortgage approval or rate offer. Your lender, lawyer or accountant will confirm the real numbers. Government rules used here were checked against official sources on September 24, 2026; see our editorial standards.
$100k - $5M
Ontario has no first-time buyer property tax rebate. First-time buyer relief is a refund of land transfer tax.
Market Value Estimation
Special Charges
Payment Summary
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How it works
How is property tax calculated in Ontario?
Explore more Ontario real estate calculators or read our buying and selling guides.
Quick answer
Property tax in Ontario is your property's assessed value (set by MPAC) multiplied by your municipality's tax rate, which each city sets annually to fund local services. Because rates differ by municipality, two similarly priced homes in different cities can have very different tax bills. A property tax calculator multiplies the assessment by the local rate to estimate your annual tax.
How to use the Ontario property tax calculator
- Enter your home's assessed value (or purchase price as a proxy).
- Select your municipality (Toronto, Mississauga, Brampton, Markham or Oakville).
- The calculator applies that municipality's current tax rate.
- Review your estimated annual and monthly property tax.
Ontario Property Tax Calculator: worked example
- Assessed value
- $700,000
- Toronto 2026 residential rate
- 0.767311%
- Estimated annual tax
- ≈ $5,371/year
- Estimated monthly
- ≈ $448/month
Uses the City of Toronto's 2026 total residential rate (toronto.ca). Rates vary widely by municipality and change yearly. Verify the current rate with your city.
Estimates for information only, not financial, tax or legal advice, and not a mortgage approval or rate offer. Your lender, lawyer or accountant will confirm the real numbers. Government rules used here were checked against official sources on September 24, 2026; see our editorial standards.
Ontario Property Tax Calculator FAQ
Who sets property assessments in Ontario?
The Municipal Property Assessment Corporation (MPAC) assesses property values; your municipality then applies its tax rate to that assessed value.
Why do property taxes differ between cities?
Each municipality sets its own tax rate based on its budget and total assessment base, so the same home value can produce a different tax bill in a different city.
Are property taxes included in my mortgage payment?
Sometimes — many lenders let you include property tax in your mortgage payment and remit it for you, or you can pay the municipality directly.
