Property Tax Calculator
Estimate your annual property taxes based on your property's assessed value and local tax rates. This calculator helps you understand your tax obligations and compare tax costs across different municipalities.
Estimated Annual Property Taxes: $0.00
| Municipal Taxes | $0.00 |
|---|---|
| Provincial Education Taxes | $0.00 |
| Other Taxes | $0.00 |
| Tax Rebate/Discount | $0.00 |
| Effective Tax Rate | 0.00% |
| Monthly Tax Payment | $0.00 |
About Property Tax Calculator
Property taxes are annual fees charged by local governments to fund public services like schools, roads, and emergency services. The amount you pay is based on your property's assessed value and the tax rates set by your municipality and other taxing authorities.
How Property Taxes Are Calculated
Property taxes are calculated using the following formula:
- Determine your property's assessed value (usually provided by your municipal assessment office)
- Apply the municipal tax rate (mill rate) to calculate municipal taxes
- Apply the provincial education tax rate to calculate education taxes
- Add any other applicable tax rates (local improvements, special levies, etc.)
- Subtract any applicable tax rebates or discounts
- The sum of these calculations is your total annual property tax
Understanding Your Tax Bill
Your property tax bill typically includes:
- Municipal Taxes: Funds local services like garbage collection, road maintenance, and parks
- Education Taxes: Funds public schools in your province
- Other Taxes: May include special levies for local improvements or regional services
- Rebates/Discounts: Some municipalities offer rebates for seniors, veterans, or other eligible groups