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Toronto Property Tax increased 10% in 2017

  • Last Updated:
  • Feb 21st, 2018 9:35 pm
[OP]
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Sep 29, 2003
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GTA

Toronto Property Tax increased 10% in 2017

I noticed my Toronto property tax increased a whopping 10% last year.. I thought it was limited to less than 3% ?

2014 $2,657
2015 $2.781
2016 $2,896
2017 $3,212

Just wondering if any one knew the reasoning for my property tax to jump more than $300 ?

Thanks!
59 replies
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Oct 13, 2008
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Oshawa
Read the inserts that came with your bill. Better yet ... check this out and it will explain it: Property Tax - Toronto
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Dec 22, 2017
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ferkel wrote:
Jan 22nd, 2018 9:26 pm
I noticed my Toronto property tax increased a whopping 10% last year.. I thought it was limited to less than 3% ?

2014 $2,657
2015 $2.781
2016 $2,896
2017 $3,212

Just wondering if any one knew the reasoning for my property tax to jump more than $300 ?

Thanks!
Congrats, your home went up in value more than average in the city
Deal Fanatic
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Dec 27, 2009
5090 posts
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Ottawa, ON
Toronto property taxes are very low. Here in Ottawa we pay roughly 1% of the home's "assessed" value per year.
Member
Dec 9, 2013
249 posts
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Toronto
Agreed with the above post. I bet your property is worth around or close to 1M and ~3k in property taxes is a bargain.
Deal Expert
Aug 2, 2004
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East Gwillimbury
Toronto has the cheapest property tax, we pay 40% more than Toronto in the burbs. It is about time Toronto catches up with the rest of the GTA
Deal Addict
Oct 14, 2004
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Toronto
Gee wrote:
Jan 23rd, 2018 11:26 am
Toronto has the cheapest property tax, we pay 40% more than Toronto in the burbs. It is about time Toronto catches up with the rest of the GTA
Why should Torontonians pay more for your convenience?
Deal Addict
May 23, 2009
1887 posts
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Mississauga
Rates are for far off. Toronto has lowest residential rates but highest commercial rates. I bet residential rates are still a few faction percents within each other.

Someone documented the rates 10 years ago
https://urbantoronto.ca/forum/threads/p ... -gta.2158/
I assme your question relates to residential properties. Durham Region runs significantly higher than other areas in the GTA.

A few tax rates, for residential properties, expressed as a percentage of the assessed value, in ascending order:

Toronto: 0.8308587%
Milton (urban part): 0.900159%
Mississauga: 0.972379%
Vaughan: 0.981623%
Richmond Hill: 0.986331%
Oakville: 0.986562%
Markham: 0.988053%
King: 1.034321%
Brampton: 1.145327%
Pickering: 1.293052%
Ajax: 1.324024%
Whitby: 1.326721%
Clarington: 1.333744%
Oshawa: 1.652185%

Toronto is the lowest in the GTA. Milton has low rates partly because they benefit from "slots" at Mohawk Raceway.

A comment: As has been discussed here once or twice previously, Toronto has kept residential tax rates low for many years by maintaining the highest rates, by far, on industrial and commercial properties. Miller pledged three years ago to phase in a correction to this situation, over a 15-year period, and residential rates in Toronto are therefore rising at a faster rate than for other municipalities. Some have (rightly or wrongly) blamed the current disparity for a flight of industrial and commercial development out of Toronto.

I won't set out a long list of tax rates for commercial properties. Suffice to say that Toronto (4.0634348% of assessed value) is a full percentage point higher than the next highest rates in the GTA (Clarington at 3.038680% and Ajax at 3.024587%).

The discrepancies aren't as large for industrial properties, but Toronto's tax rate for these is still above every other municipality in the GTA.
Deal Expert
Aug 2, 2004
28257 posts
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East Gwillimbury
James_TheVirus wrote:
Jan 23rd, 2018 11:50 am
Why should Torontonians pay more for your convenience?
Toronto taxes are used to pay for Toronto infrastructure and amenities, has nothing to do with me.

Because of the short fall in Toronto, the provincial government has to fund Toronto. That impacts us all.
[OP]
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Sep 29, 2003
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GTA
House mls value is 700k. Mpac is 450k. Property tax should not have increased so dramatically
Deal Addict
Aug 29, 2011
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Mississauga
What were your previous assessed values?
Deal Expert
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Oct 26, 2003
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Winnipeg
miscbrah1 wrote:
Jan 23rd, 2018 11:19 am
Agreed with the above post. I bet your property is worth around or close to 1M and ~3k in property taxes is a bargain.
only 3k? i pay more than on half million dollar house
Deal Addict
Nov 8, 2005
1898 posts
493 upvotes
I pay 5k on a 250k house... consider yourselves lucky.

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