How Property Taxes Work in Canada

Property tax = assessed home value × tax rate. Tax rates vary drastically by municipality. Toronto's average rate is 0.6-0.7% of home value. A $500,000 home pays ~$3,000-3,500/year in Toronto, but only ~$1,500/year in rural areas.

Property Tax Rates by Province (Approximate)

• Ontario: 0.6-0.8% (varies by municipality)
• BC: 0.3-0.8% (Vancouver higher than rural)
• Alberta: 0.4-0.5% (lowest in Canada)
• Quebec: 0.5-0.7%

Assessment and Appeals

Property values are reassessed every 4 years in Ontario, creating increases in tax bills. If you believe your assessment is too high, you can appeal during the assessment objection period (typically January-March each year).