Residents in Milton, Oakville, Burlington paying among the lowest property tax rates

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Published November 9, 2022 at 1:41 pm

All four municipalities in Halton – Burlington, Milton, Oakville and Halton Hills – have among the lowest tax rates for homeowners in the province.

A study conducted by the online real estate company zoocasa.com looked at the tax rate in 35 Ontario municipalities and found the four Halton communities are all among the 10 lowest.

The lowest 15 are all in the Greater Toronto Area with Toronto itself leading the way with a rate of 0.631 per cent.

In Halton, Milton leads the way at fifth overall with a rate of 0.703 per cent, followed immediately by Oakville at 0.732 per cent and Burlington at 0.779 per cent. Halton Hills rounds out the Top 10 at 0.818 per cent.

Zoocasa says most prospective homeowners focus their budgeting on upfront costs when considering purchasing, things like down payment, closing costs, mortgage payments and utilities. They suggest adding property taxes to the list.

Property tax rates vary across the province and are based on the size of municipalities, the local council’s operating budgets and the value of the local housing markets. Larger urban centres can offer a lower rate due to the greater number of taxpayers and higher housing prices.

The highest tax rate in the province is in Windsor, at 1.853 per cent, followed by Thunder Bay, Sault Ste. Marie and North Bay.

To see the full report, visit here.

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