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Property Tax Calculator Canada
Canadian property tax rates vary by nearly 5× between cities. Winnipeg charges 1.31% while Vancouver charges 0.31% — on a $750,000 home that's $9,800/year vs $2,300/year. Know what you're signing up for before choosing where to buy.
Educational calculators — always consult a licensed professional before making financial decisions.
Property tax is charged on the municipal assessed value, which can differ from market value. In BC, assessed value is close to market. In Toronto, it often lags market value.
Property tax rates vary dramatically by city — Winnipeg is nearly 5× higher than Vancouver on the same home value.
0.631% — lower than most Ontario cities
Annual property tax
$4,733
Toronto • 0.631% rate
Annual Tax Comparison — $750,000 Home
Important: Property tax is based on the assessed value, not market value. In Toronto, assessed value often lags market value significantly. Contact your municipality for your actual assessment notice.
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What you'll need
- ·Your home's assessed or estimated market value
- ·The city where the property is located
What you'll get
- ✓Annual property tax — Estimated for your city
- ✓Monthly breakdown — What you'll owe each month
- ✓Rate comparison — Across 16 major Canadian cities
How it works
Enter your home value
Use the assessed value (from your tax bill) or current market value. Many provinces assess below market — your actual tax bill may be lower than the estimate.
Select your city
We apply the 2026 residential mill rate for your city. Rates vary dramatically — Winnipeg (1.31%) charges 4× more than Vancouver (0.31%).
See your annual tax and comparison chart
Annual property tax, monthly equivalent, and a comparison across 6 major Canadian cities on the same home value.
Annual Property Tax on a $750,000 Home by Canadian City (2026)
| City | Rate | Annual Tax | Monthly |
|---|---|---|---|
| Vancouver, BC | 0.308% | $2,310 | $193 |
| Montréal, QC | 0.526% | $3,945 | $329 |
| Toronto, ON | 0.631% | $4,733 | $394 |
| Calgary, AB | 0.724% | $5,430 | $453 |
| Ottawa, ON | 0.947% | $7,103 | $592 |
| Winnipeg, MB | 1.311% | $9,833 | $819 |
Rates are residential mill rates. Actual bills vary based on assessed value, which may lag market value in rising markets.
About this calculator
Which Canadian city has the lowest property tax rate?+
Vancouver has one of the lowest residential property tax rates in Canada at approximately 0.308%. However, BC assessments are generally close to market value, so the dollar amount can still be significant on expensive properties.
Which Canadian city has the highest property tax rate?+
Winnipeg has one of the highest property tax rates among major Canadian cities at approximately 1.311%. On a $500,000 home, that's over $6,500 per year — nearly 4× what a Vancouver homeowner pays on a similar property.
Why is Toronto's property tax rate lower than other Ontario cities?+
Toronto's low property tax rate (0.631%) is partly because its assessment base (total property values) is enormous, so a lower rate generates sufficient municipal revenue. Smaller cities like Hamilton (1.29%) and Ottawa (0.95%) have much higher rates to fund comparable services.
How often is property assessed in Canada?+
This varies by province. In Ontario, MPAC assesses every 4 years. In BC, BC Assessment updates values annually. In Alberta, municipalities assess annually. Assessed value can lag market value significantly in rising markets, meaning your property tax is lower than it would be at current market prices.
See how your city's rate compares across Canada.
Back to the calculator ↑Property Tax Calculator Canada is built and maintained by the RealCostIQ editorial team. Cost ranges and rates are checked against published industry data and contractor quotes, and revised when the underlying figures move. Read our data methodology or more about who builds this. Every calculation runs in your browser — no account, and none of your inputs are stored.
Cost ranges and rates here are checked against contractor quotes and published industry data. If a number still looks off, email Support@RealCostIQ.com and we'll review and fix it.