Toronto Property Tax Calculator
Estimate your City of Toronto residential property tax using the official 2026 rate, split across the city levy, education and the City Building Fund.
Of your MPAC assessed value — 0.605295% city, the 0.153% province-wide education rate, and a 0.009016% City Building Fund levy. Read from the City of Toronto's own 2026 property tax rate table.
Where Your Toronto Tax Dollar Goes
Three separate rates on one bill. Toronto collects all of it but keeps only the first and third lines.
| Portion | Rate | Share | On $800,000 | Set by |
|---|---|---|---|---|
| City of Toronto | 0.605295% | 78.9% | $4,842 | City council budget |
| Education | 0.153000% | 19.9% | $1,224 | Province of Ontario |
| City Building Fund | 0.009016% | 1.2% | $72 | Dedicated city levy — transit and housing capital |
| Total | 0.767311% | 100% | $6,138 | — |
Rounded columns may differ by a dollar or two from the exact total. The calculator above uses unrounded rates.
Toronto has the lowest rate in the province — and that is not good news
At 0.767311%, Toronto's residential rate is the lowest of any major Ontario city. Windsor charges 2.096514% — about 2.73 times higher. That sounds like a bargain, and it is widely quoted as one, but the rate on its own tells you almost nothing.
A city sets its rate to raise the budget it needs from the assessment base it has. A large, valuable base yields the same revenue at a lower rate. So Toronto's low rate is a consequence of high property values, not a discount on them. What a homeowner actually pays is rate × assessment, and in Toronto the second number is far larger.
The arithmetic is blunt: a $500,000 assessment in Windsor carries about $10,483 of tax. To pay that much in Toronto you would need an assessment of roughly $1,366,144. Comparing rates between cities is only meaningful at the same assessed value, which is what the table below does.
| Municipality | 2026 total rate | Tax on $800,000 | vs Toronto |
|---|---|---|---|
| Markham | 0.722889% | $5,783 | +$-355 |
| Toronto | 0.767311% | $6,138 | — |
| Caledon | 0.982207% | $7,858 | +$1,719 |
| Mississauga | 1.087901% | $8,703 | +$2,565 |
| Kitchener | 1.191700% | $9,534 | +$3,395 |
| Brampton | 1.253381% | $10,027 | +$3,889 |
| Hamilton | 1.449300% | $11,594 | +$5,456 |
| London | 1.727111% | $13,817 | +$7,678 |
| Windsor | 2.096514% | $16,772 | +$10,634 |
Every rate here was read from the issuing municipality's own published schedule. Cities whose 2026 rate could not be verified from an official document are deliberately excluded rather than estimated — see the multi-city calculator for the wider list and its caveats.
Your assessment is still frozen at 2016 values
The number this calculator multiplies is your MPAC assessed value, and MPAC's valuation date is still January 1, 2016. Reassessment has been postponed repeatedly, so every Ontario assessment currently reflects a 2016 market.
Toronto prices moved a great deal after 2016, so most Toronto assessments sit well below what the property would sell for today. Do not put a recent sale price or a realtor's estimate into the box — it will overstate your tax, often badly. Take the figure from your assessment notice or your tax bill.
This also means a rising market does not raise your tax on its own. What raises it is council passing a larger budget, or a reassessment eventually landing. When reassessment does arrive the rate is adjusted downward so the city collects roughly the same total — what changes is the share each property carries, so homes that appreciated faster than the city average pay more and slower-appreciating homes less. Our Ontario property tax guide explains the mechanism and how to appeal an assessment you believe is wrong.
Condos, rentals and the multi-residential rate
An individually owned condominium unit is residential and pays 0.767311% like a house. The distinction that matters is ownership structure, not building type.
A multi-residential property — a rental apartment building held as a single parcel — pays 1.208792%, roughly 1.58 times the residential rate. On a $2,000,000 small apartment building that is about $24,176 a year rather than $15,346 — a difference of roughly $8,830 annually. If you are running numbers on a small multiplex, using the residential rate will flatter the deal substantially.
There is one deliberate exception. New Multi-Residential is set equal to the residential rate, so newly built purpose-built rental is not penalised relative to ownership housing — a policy choice aimed at getting rental supply built. Check which class your property is actually assessed in before modelling, and see the rental property calculator for the rest of the cash-flow picture.
Toronto Property Tax — Frequently Asked Questions
0.767311% — city 0.605295%, education 0.153%, City Building Fund 0.009016%. About $6,138 on an $800,000 assessment.
Because the rate is a share of assessed value and Toronto's assessment base is the largest. A low rate on a high value is not a saving — Toronto owners generally pay more in dollars.
A dedicated levy for transit and housing capital, shown as its own line. At 0.009016% it is roughly $72 on an $800,000 assessment.
MPAC assessment, valued as at January 1, 2016. In Toronto that is usually well below today's market, so never enter a sale price.
Yes — an owned condo is residential. A rental apartment building held as one property pays 1.208792%. New purpose-built rental is set at the residential rate.
Closely, not exactly. Toronto issues an interim bill based on the prior year before the new rate is set, then a final bill that trues it up.