Property Tax Basics

Property Taxes

Your municipal government collects property taxes from each property owner. Tenants pay a portion of their landlord's property taxes through their rent.  

The taxes are calculated by multiplying the assessed value of a property by a tax rate. There are two parts to the tax rate: 

• the municipal tax rate, which is set by your municipal government; and
• the education tax rate, which is set by the provincial government.  

A municipality can set different tax rates for different classes of property, and the main classes include residential, multi-residential, commercial and industrial.

Learn more about property tax in Ontario and how it helps fund public education and your municipality.