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Canada Property Tax Calculator 2022

Estimate annual municipal property tax based on assessed value and local tax rates.

Introduction

🎯 What

Canada Property Tax Calculator 2022. Estimate municipal property tax based on assessed value and local tax rates.

👥 Who

Homeowners, landlords, real estate investors, buyers.

💡 Why

To estimate annual municipal property tax based on assessed value and local tax rates.

📍 Property Details

Province

City / Municipality

Property Type

Assessed Property Value ($)

Ownership Structure

Payment Frequency

Months Owned (Proration)

Enter 1-12. If less than 12, tax is prorated.

📊 Tax Rates (%)

*Rates are estimates. Adjust manually for exact municipal figures.

Municipal Rate (%)

Education Rate (%)

Special Levies (%)

🏚️ Vacancy Tax

Vacancy Tax Applicable?

🎁 Exemptions & Rebates

Principal Residence / Owner-Occupied? Rebate Amount

Senior Citizen (Exemption)? Reduction

Disability Exemption? Reduction

First-Time Homeowner Rebate? Rebate

💰 Tax Breakdown

Property Tax Overview

Property Tax in Canada

Property tax in Canada is a MUNICIPAL tax (not federal).
Based on assessed property value.
Tax rates vary by Province, City / Municipality, and Property type.
Paid annually or in installments.
Separate from income tax and capital gains tax.

Core Property Tax Formula

base_property_tax = assessed_value × municipal_tax_rate

education_tax = assessed_value × education_tax_rate

special_levy_tax = assessed_value × special_levy_rate

annual_property_tax = base_property_tax + education_tax + special_levy_tax

Property Types

Residential (owner-occupied)
Residential (rental)
Commercial
Industrial
Agricultural
Vacant land

Allowances & Deductions

Senior citizen rebates: Reduction for seniors.
Disability exemptions: Relief for disability.
Principal residence rebate: For owner-occupied homes.
First-time homeowner rebate: Rebates for first-time buyers.
Agricultural property relief: Relief for farm use.
Heritage property relief: Municipal specific.

Tax Slabs Explanation

Property tax does NOT use income slabs.
Flat percentage based on assessed value.
Different rates apply to different property classes.
Education and special levies added separately.

Examples

Example 1

Property value: 600,000

Municipal rate: 0.8%

Education rate: 0.2%

Annual tax: (600,000 × 1.0%) = 6,000

Example 2

Rental property

Value: 800,000

Rate: 1.1%

Annual tax: 8,800

Vacancy tax added if applicable.

Frequently Asked Questions

Q: Is property tax federal or provincial?

A: No, it is municipal.

Q: Is property tax deductible?

A: Only for rental or business properties.

Q: Does property tax change yearly?

A: Yes, based on reassessment and municipal budgets.

Q: Is property tax same across Canada?

A: No, rates vary by city and province.

Q: Is mortgage included?

A: No, property tax is separate from mortgage payments.

Disclaimer: This calculator is for informational and Google AdSense content purposes only. Rates vary by municipality and are estimated for 2022. Results are not legal or financial advice. Always verify with your local municipality or tax authority.