Waterloo Property Tax — 2025

Name: Waterloo Property Tax Rates 2025
Creator: OpenStats
License: https://open.canada.ca/en/open-government-licence-canada

Ontario · Municipal mill rates · provincial open data and municipal tax bylaws

By OpenStats · Built from official Canadian sources

Direct municipal data

12.08millsAbove average

~$5,436/yr on $450,000 assessed home

016.30National avg10.70ON avg14.09

Residential mill rate

12.08

mills · $5,436/yr municipal on $450K

Est. annual tax

$6,125

Municipal + education on $450,000 home

YoY mill rate change

+8.0%

2024 → 2025

Reading this page

Waterloo's 2024 residential mill rate is 11.1900 mills, plus an education levy of 1.5300 mills. On the local median assessed home value of $344,039, that combination works out to roughly $3,850 per year before other municipal charges.

The commercial mill rate in Waterloo is 27.6500 mills, higher than the residential rate. Municipal mill rates set the tax charged per $1,000 of assessed property value and typically change annually with council budgets and reassessments.

How to read this

One mill equals $1 of tax per $1,000 of assessed value. Rates are compiled from provincial open schedules and municipal tax bylaws, then normalized to mills where the source allows. Assessment systems differ (BC Assessment, Ontario MPAC phase-in, Alberta market value, Nova Scotia capped assessment), so cross-province rate rankings are not dollar rankings until bases align.

Start with the residential mill rate and the sample bill on a median assessed home, then ask whether education or regional levies sit on top. Municipal rate is the piece council sets; your notice may show a higher total. Compare cities on a similar assessed value, and keep class in mind (residential vs commercial or multi-residential).

Use the calculator for a rough personal estimate, then confirm the current tax bylaw and your assessment notice before budgeting or a purchase decision. Method detail: methodology.

Figure 1 · Assessment math

Mills to dollars on a median home

Waterloo's residential mill rate of 12.08 mills on a $450,000 assessed home yields roughly $5,436 per year in municipal tax before education levies.