Property tax calculator
Estimated 2026 property tax in Toronto on $500,000: $3,837 a year ($320 a month).
| Component | % of value | Amount |
|---|---|---|
| City of Toronto (City Tax Rate) | 0.605295% | $3,026 |
| City Building Fund | 0.009016% | $45 |
| Education (Province of Ontario) | 0.153000% | $765 |
| Total | 0.767311% | $3,837 |
Estimate only: assessed value × the latest confirmed residential rates for the municipality (the year is shown). It leaves out grants, credits, phase-ins, fixed charges and user fees. Each city page lists the official sources.
How the calculator works
How is property tax calculated in Canada?
Property tax is your assessed value multiplied by the total tax rate for your property class. The total rate adds the municipal rate to the education or school rate and any regional or other levies. Provinces express rates differently: as a percentage in Ontario, mills or dollars per $1,000 in the West, and dollars per $100 in Quebec and the Maritimes. The calculator converts them all to a percentage of assessed value.
Which value should I enter?
Enter the assessed value on your assessment notice or tax bill, not the price you paid or a market estimate. In Manitoba, residential property is taxed on a portion (45%) of assessed value, so the estimate on a full assessed value overstates the tax there; see the Manitoba page.
Why is my bill different from the estimate?
Bills can include grants and credits that reduce tax (such as BC’s home owner grant), phase-ins, fixed charges, local improvement levies, and water, waste or other user fees. The estimate covers only the rates applied to assessed value.
Rates by province
- Ontario60 cities
- Quebec35 cities
- British Columbia28 cities
- Alberta14 cities
- Manitoba2 cities
- Saskatchewan4 cities
- Nova Scotia2 cities
- New Brunswick3 cities
- Newfoundland and Labrador1 cities
- Prince Edward Island1 cities
- Yukon1 cities
- Northwest Territories1 cities
- Nunavut1 cities