Property tax
Markham property tax rate 2026
Markham's 2026 residential property tax rate is 0.722889% of assessed value, the municipal, regional where applicable, and education rates combined. That is $7,229 a year on a home assessed at $1,000,000. At Markham's median asking price of $1,088,000, it would be about $7,865.
Data refreshed · Source: TRREB MLS® data, compiled by Summitly.
Markham's 2026 residential tax rate
| Item | Value |
|---|---|
| Total residential rate (municipal + regional where applicable + education) | 0.722889% |
| Annual tax on a $500,000 assessment | $3,614 |
| Annual tax on a $1,000,000 assessment | $7,229 |
| Per $100,000 of assessed value | $723 |
Source: About your tax bill — City of Markham — checked September 24, 2026.
What a typical Markham home would pay
The 2026 rate applied to today's median asking price by home type (5+ active listings needed). Your actual bill uses your MPAC assessed value, which can be well below or above an asking price.
| Home type | Median asking price | Listings | Tax if assessed at that price |
|---|---|---|---|
| All homes | $1,088,000 | 1,084 | $7,865 |
| Detached house | $1,635,000 | 463 | $11,819 |
| Semi-detached | $1,073,950 | 64 | $7,763 |
| Townhouse | $938,000 | 223 | $6,781 |
| Condo apartment | $600,000 | 334 | $4,337 |
Compared with nearby cities
Cities whose 2026 residential rates we have verified on the municipality's own site, nearest first.
| City | 2026 rate | Tax per $1M assessed | Median asking | Tax at median asking |
|---|---|---|---|---|
| Markham | 0.722889% | $7,229 | $1,088,000 | $7,865 |
| Toronto property tax | 0.767311% | $7,673 | $780,000 | $5,985 |
| Brampton property tax | 1.253381% | $12,534 | $869,000 | $10,892 |
| Mississauga property tax | 1.087901% | $10,879 | $870,000 | $9,465 |
| Oakville property tax | 0.85096% | $8,510 | $1,412,000 | $12,016 |
Markham property tax FAQs
- What is the 2026 property tax rate in Markham?
- The 2026 total residential rate is 0.722889% of assessed value, as published by City of Markham. It combines the municipal, regional (where there is one) and provincial education rates.
- How much is property tax on a $1 million home in Markham?
- About $7,229 a year if the home is assessed at $1,000,000 (0.722889% × $1,000,000), and $3,614 at a $500,000 assessment. Local charges billed separately, such as water or a stormwater fee, are not included.
- What is the property tax on a typical condo vs a detached house in Markham?
- At the median asking prices in November 2026 — $600,000 for a condo apartment and $1,635,000 for a detached house — the rate works out to about $4,337 and $11,819 a year. Real bills use the MPAC assessed value, which can differ from the asking price.
- Is Markham's property tax rate high compared with nearby cities?
- Among the cities whose 2026 rates we have verified, none has a lower rate and Toronto, Brampton, Mississauga, Oakville have higher ones. A lower rate does not mean a lower bill: bills also depend on assessed values.
- How is property tax calculated in Ontario?
- Your bill is your property's assessed value, set by the Municipal Property Assessment Corporation (MPAC), multiplied by the total tax rate for your property class. The residential rate is the sum of the municipal, regional (if any) and education rates.
