Toronto property tax

The City Building Fund levy is a separate city-wide additional rate on all residential properties; Council (Item EX11.26, Dec 17, 2019) added 1.5 per cent annually from 2022-2026 (s1). Rates as published on the City of Toronto 2026 Property Tax Rates table (Residential class): City Tax Rate 0.605295%, Education 0.153000%, City Building Fund 0.009016%, Total 0.767311%. New Multi-Residential uses the same rates.

Rates as published for the residential class. Bills can also include fixed charges, local improvement levies and utility fees that are not based on assessed value.

Toronto's total residential rate of 0.7673% is below the 1.4606% average of the 60 Ontario municipalities we cover. A lower rate does not always mean a lower bill: tax = assessed value × rate, so cities with high home values often have lower rates.

Rates are the residential rates in each city's latest confirmed year. All Ontario municipalities · National rankings

From Toronto's official property tax pages (sources 8, 9, 10, 16). Check your bill for the exact amounts and dates.

These programs are run by the city or the province. Eligibility is decided by the organization that runs each one; follow the links for the official rules.

• Property Tax Increase Cancellation Program

  Cancellation of the property tax increase for eligible low-income seniors and low-income persons with disabilities (household income not over $62,000; residential assessment below $975,000). 2026 application deadline November 2, 2026. Run by City of Toronto.

• Property Tax Increase Deferral Program

  Deferral of the property tax increase for eligible low-income seniors, low-income persons with disabilities and eligible pensioners (household income not over $62,000). 2026 application deadline November 2, 2026. Run by City of Toronto.

• Ontario Energy and Property Tax Credit (OEPTC)

  A tax-free Ontario payment that helps residents with property tax and the sales tax on energy costs. For the 2026 benefit year the maximum is $1,307, or $1,488 for seniors, paid through the Ontario Trillium Benefit.

• Northern Ontario Energy Credit (NOEC)

  A tax-free payment for residents of 10 Northern Ontario districts to help with higher home energy costs. For the 2026 benefit year the maximum is $189 for a single person and $290 for families, paid through the Ontario Trillium Benefit.

• Ontario Senior Homeowners' Property Tax Grant (OSHPTG)

  An annual Ontario grant of up to $500 for low- to moderate-income homeowners aged 64 or older who paid Ontario property tax on their principal residence. It is claimed on Form ON-BEN with the income tax return and paid by the Canada Revenue Agency.

• Municipal Land Transfer Tax (MLTT) in force 2026

  Charged on properties purchased in Toronto (in addition to Ontario land transfer tax); due upon registration. Municipal Non-Resident Speculation Tax of 10 per cent applies from January 1, 2025 to certain residential purchases by foreign buyers. Amounts handled elsewhere.

• Vacant Home Tax (VHT) in force 2026

  Annual occupancy declaration required for residential properties (deadline April 30); properties vacant six months or more in the taxation year (or not declared) are taxed. Beginning with the 2024 taxation year the rate is 3% of the property's Current Value Assessment. VHT notices for 2025 issued in June 2026; deadline to dispute the 2025 bill is December 31, 2026.

• City Building Fund levy in force 2026

  Separate City Building Fund levy rate applied to all residential properties, shown as its own column on the City's tax rate table; residential rate 0.009016% in 2026 (included in the published total rate 0.767311%). Council (Item EX11.26, December 17, 2019) adopted increases to the City Building Levy, including an additional 1.5 per cent annually from 2022-2026.

• Toronto Vacant Home Tax

  Toronto's Vacant Home Tax is an annual City tax of 3% of a property's Current Value Assessment on residential properties that were vacant for six months or more in a year. Owners must declare each property's occupancy status every year by April 30, even if they live there.