Toronto Property Tax — 2024
Ontario · Municipal mill rates · Statistics Canada & municipal open data
By Canadian Property Tax Data Team · Sourced from official open data
Direct municipal data7.08millsBelow average
~$3,186/yr on $450,000 assessed home
015.30National avg10.45ON avg13.24
Residential mill rate
7.08
mills · $3,186/yr municipal on $450K
Est. annual tax
$3,875
Municipal + education on $450,000 home
Vs provincial avg
-46.5%
Ontario avg: 13.24 mills
Figure 1 · Assessment math
Mills to dollars on a median home
Toronto's residential mill rate of 7.08 mills on a $450,000 assessed home yields roughly $3,186 per year in municipal tax before education levies.
Rate vs provincial average
How Toronto compares to other Ontario municipalities
Toronto7.08 mills
Ontario average13.241960784313726 mills
Toronto is 46.5% below the provincial average of 13.24 mills.
Tax estimate on median home
Based on a $450,000 assessed value
Annual breakdown
- Municipal portion
- $3,186
- Education levy
- $689
- Commercial mill rate
- 22.19 mills
- Estimated total
- $3,875/yr
Mortgage rates
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Source · Ontario FIR Schedule 22 (2024); CHSP 46-10-0026-01 median assessment (2018). Last updated 2024. Refreshed on the site's automated schedule.