Here are the cities with the lowest property taxes in Ontario
Published June 25, 2024 at 11:55 am
Managing property taxes in a province like Ontario can be incredibly demanding.
Even though some provincial homeowners may be in the green with a fully paid-off mortgage, property taxes remain a looming constant. Luckily, real estate experts at Zoocasa have collected data on where in Canada — and by extension — Ontario has the lowest property tax rates.
For those new to homeownership, or are just starting the journey of saving for a potential home, property taxes support local services like first responders, schools and urban maintenance. Depending on regional property laws, homeowners may pay these taxes monthly, semi-annually or annually.
It is important to note that not all property taxes are created equal, as according to information collected by Zoocasa, condo owners may see lower property taxes due to maintenance fees and building upkeep, whereas detached homes may see different property tax structures altogether.
Data collected by Zoocasa on property taxes in Canada is as follows:
According to the data collected by Zoocasa municipalities in Ontario with the lowest property taxes are:
- Toronto (0.71529%)
- Burlington (0.91815%)
- Ottawa (1.19564%)
- Sudbury (1.25720%)
- Waterloo (1.27250%)
- Kitchener (1.27283%)
- Guelph (1.31964%)
- Hamilton (1.42391%)
- Niagara Region (1.55200%)
- London (1.57313%)
- Sault Ste. Marie (1.78914%)
Additional information provided to Zoocasa indicated that as of 2024, property taxes throughout Ontario remain relatively wild across the board.
A major city like Toronto has the lowest property taxes in the province, while the much smaller municipality of Sault Ste. Marie has the highest throughout all of Ontario
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