How is property tax calculated?

Property tax is your assessed value multiplied by the municipal tax (mill) rate. Rates commonly range from 0.5% to 1.5% of assessed value.

What is assessed value?

Assessed value is the value your provincial assessment authority assigns to your property, which may differ from market value.

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How is property tax calculated?: Property tax is your assessed value multiplied by the municipal tax (mill) rate. Rates commonly range from 0.5% to 1.5% of assessed value.
What is assessed value?: Assessed value is the value your provincial assessment authority assigns to your property, which may differ from market value.