These cities have the lowest property taxes in southern Ontario
Prospective homeowners looking to settle in southern Ontario might want to consider how much property taxes will set them back before staking their claim on a dream home.
A newly released report from Zoocasa, a Canadian real estate website, calculated and compared property taxes in different parts of the province. The brokerage looked at the municipal tax rates and average home prices, sourced from each municipality’s website and the Toronto Regional Real Estate Board.
Areas with higher average home prices tend to have lower property tax rates, according to the report, while the opposite is true with more affordable average home prices.
Markham has the lowest property tax rate, at roughly 0.65 per cent or $9,146, while boasting an average home price of about $1.4 million.
All throughout Toronto, from east to west, homeowners pay between $6,870 to $7,971 on their property taxes on average thanks to their roughly 0.67 per cent property tax rate, which is the second lowest in the region. This is despite average home prices sitting at over $1 million. It should be noted, however, Toronto is the only municipality in Ontario to charge a municipal land transfer tax, which comes on top of the provincial land transfer tax.
Meanwhile, Orangeville – with a comparably more affordable average home price of $849,770 – has the highest property tax rate at about 1.35 per cent, setting homeowners back $11,498.
Oshawa has the second highest tax rate at about 1.33 per cent, with homeowners shelling out $11,052 on an average-priced home of $833,714.
The report notes Durham region and Dufferin County are the most heavily-taxed areas, as every Durham region municipality sees a tax rate above one per cent with Brock and Clarington trailing behind Oshawa with a roughly 1.2 per cent tax rate.
These are five cities in southern Ontario with the lowest property tax rates:
- Markham, 0.645017%
- Toronto, 0.666274%
- Richmond Hill, 0.670650%
- Vaughan, 0.682784%
- Milton, 0.703456%
And these are the five cities with the highest property tax rates:
- Orangeville, 1.353041%
- Oshawa, 1.325625%
- Barrie, 1.254822%
- Brock, 1.232517%
- Clarington, 1.174555%
A breakdown of property taxes and average home prices in 32 cities in southern Ontario. (Zoocasa)
CTVNews.ca Top Stories
BREAKING Israeli forces seize Rafah border crossing in Gaza, putting ceasefire talks on knife's edge
Israeli tanks seized control of Gaza’s vital Rafah border crossing on Tuesday as Israel brushed off urgent warnings from close allies and moved into the southern city even as ceasefire negotiations with Hamas remained on a knife’s edge.
There's actually no such thing as vegetables. Here's why you should eat them anyway
The rumours are true: Vegetables aren't real — that is, in botany, anyway. While the term fruit is recognized botanically as anything that contains a seed or seeds, vegetable is actually a broad umbrella term.
The Met Gala was in full bloom with Zendaya, Jennifer Lopez, Mindy Kaling among the standout stars
The Met Gala and its fashionista A-listers on Monday included Jennifer Lopez, Zendaya and a parade of others in a swirl of flora and fauna looks on a green-tinged carpet lined by live foliage.
Winnipeg man admits to killing four women, argues he's not criminally responsible
Defence lawyers of Jeremy Skibicki have admitted in court the accused killed four Indigenous women, but argues he is not criminally responsible for the deaths by way of mental disorder – this latest development has triggered a judge-alone trial rather than a jury trial.
Noelia Voigt resigns as Miss USA, citing her mental health
Noelia Voigt, who was crowned Miss USA in November 2023, has announced she is resigning from her role, saying the decision is in the best interest of her mental health.
Mediterranean staple may lower your risk of death from dementia, study finds
A daily spoonful of olive oil could lower your risk of dying from dementia, according to a new study by Harvard scientists.
An El Nino-less summer is coming. Here's what that could mean for Canada
As Canadians brace themselves for summer temperatures, forecasters say a weakening El Nino cycle doesn’t mean relief from the heat.
Man banned from owning animals after fatal Calgary dog attack
The owner of three Calgary dogs that got loose and mauled a woman to death in 2022 has been ordered to pay a $15,000 fine within one year and banned from owning any animal for 15 years.
Have you been removed from your family doctor’s patient list for visiting an Ontario walk-in clinic?
Some Ontarians are expressing frustration after they said that they were removed from their family doctor’s patient list for visiting a walk-in clinic in a process being called “de-rostering.”