[Purchase Inquiry] How much is the property tax?

Property tax in Ontario varies depending on the municipality, property value, and local tax rates.

On average, residential property tax rates range between 0.5% and 1.5% of the assessed property value per year.

For example:
If your home is assessed at $800,000, and the local rate is 1%, your annual property tax would be $8,000.

We recommend checking with your local municipality or a REOCA-certified real estate agent for an accurate estimate based on your target property’s location.