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Home Taxes

Exploring the GTA Cities with the Highest Property Taxes: An In-Depth Analysis

Mackenzie Scibetta by Mackenzie Scibetta
May 29, 2023
in Taxes, Toronto Real Estate
Reading Time: 4 mins read
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Location is one of the most influential factors when considering buying a home. Part of what makes a location attractive could be accessibility, nearby amenities, and lower property taxes. 

Property taxes vary from city to city and are set by individual municipalities to cover the costs of various services in the community such as transportation, infrastructure, maintenance, and park services. Understanding which areas have higher or lower property tax rates can help ensure that the location you choose fits your budget for the long term. 

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To find out how property taxes differ in the Greater Toronto Area, we calculated the average amount of tax paid, based on the municipal tax rate and average home price, in 32 cities. 

More Expensive Areas Boast Lower Property Taxes

In general, municipalities with higher average home prices have lower property tax rates, while the municipalities with more affordable average home prices have higher property tax rates. For example, Markham has the lowest property tax rate at 0.645017%, meaning a homeowner would pay $9,146 on an average-priced home of $1,418,021. Toronto East, Toronto West, and Toronto Central all have a property tax rate of 0.666274%, with Toronto West having the second-lowest property tax bill on our list at just $6,870 despite having an average home price of $1,031,054.

  • Read: Toronto Neighbourhoods: Where Buying a Condo Outshines Renting in Spring 2023

Oakville, Richmond Hill, and Stouffville all have average home prices above $1,400,000, yet boast fairly low property tax rates in the range of 0.6% to 0.8%. King, which has the highest average home price on our list at $2,158,223, has a property tax rate lower than the majority of GTA cities at 0.80062%, however, due to its high average price, homeowners can expect to pay $17,279 on an average-priced home. 

Durham Region and Dufferin County Most Heavily-Taxed Areas

Despite having average home prices several thousand dollars below the rest of the GTA, the west and north side of Toronto have property tax rates near or above 1%. 

Homeowners in Orangeville have the highest property tax rate at 1.353041% and can expect to pay $11,498 in taxes on an average-priced home of $849,770. It’s worth noting that the average home in Orangeville costs nearly $500,000 less than Markham yet still has a larger property tax bill. 

  • Read: Here’s What First-Time Homebuyers Will Pay in Closing Costs Across Ontario

Oshawa has the second-highest tax rate at 1.325625%, with homeowners paying $11,052 on an average-priced home of $833,714. Every Durham Region municipality has a tax rate above 1%, with Brock and Clarington leading the way after Oshawa with tax rates of 1.232517% and 1.174555% respectively. 

If you’re looking to enter the Toronto real estate market, we can help! Our qualified real estate agents will help you find the home of your dreams.  

Ready to find your dream home in Toronto?
Contact us today to speak to a Realtor in your area
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Mackenzie Scibetta

Mackenzie Scibetta

Mackenzie Scibetta is a seasoned Content Marketing Specialist at Zoocasa, where she brings her expertise to the world of real estate. As a dedicated real estate writer, Mackenzie's primary goal is to equip home buyers and sellers with the most up-to-date market insights, enabling them to navigate their real estate ventures with confidence. Mackenzie's writing is characterized by its depth and breadth, covering a wide range of topics related to the real estate industry. From exploring the intricacies of mortgages to meticulously tracking and analyzing trends in local markets across Canada and the U.S., Mackenzie is known for her comprehensive and data-driven reports. Her commitment to providing valuable information is evident in the consistent quality of her work. Mackenzie's research and insights have earned her recognition from prominent media outlets. Her expertise has been featured in BNN Bloomberg, CTV News, the National Post, The Globe and Mail, and even The New York Times. These accolades underscore her position as a trusted authority in the field of real estate.

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