What makes up my Tax Bill?

Your Property Tax Bill is made up of three main components:

Education Taxes - The tax rate is set by the Province of Ontario and is billed and collected by the municipality.  These levies are remitted to your district school board.

County of Simcoe Taxes - The tax rates for your County services are based on the annual budget and resulting levy adopted by County Council.  The County's levy is based on the weighted assessments of the 16 local municipalities.

Municipal Township Taxes - The tax rates for your municipal services are based on Council's adoption of the annual budget.  The total expenditures relate to a variety of services provided by the Township.  Revenues from Provincial grants, user fees and other sources have been deducted from the total expenditures, resulting in a net amount to be raised through Municipal Township Taxation.  Water and Sewer operating costs are excluded as they are 100% recovered by the User Fees charged directly to the ratepayers receiving these services.

How are my Tax Dollars distributed to other Public Entities?

This example  is based on a residential property with assessed values of $100,000, $150,000 & $200,000 respectively & uses the total average taxes paid.  Averages are used to provide a consistent base for explanation purposes.

How is my Tax Bill Calculated?

Formula = PROPERTY ASSESSMENT¹ multiplied by TAX RATE²

¹The Municipal Property Asssessment Corporation (MPAC) classifies and assesses all properties in Ontario under the Assessment Act and regulations established by the Provincial Government.

To establish your property's assessed value, MPAC analyzes the property sales in your area.  These sales provide the basis for assessed values.  MPAC continually collects information about properties to ensure that similar property types are valued consistently within the market area.  This method is called Current Value Assessment.  It is used by most assessment jurisdictions in Canada and around the world.

²Tax rates are calculated and approved annually by each of the public entities and are listed in the tables below and explained above.

2010 Tax Rates

2009 Tax Rates   

2008 Tax Rates     

Link to Tax Capping Program

While the primary goal of the Current Value Assessment & Taxation System is fairness, since 1997 much energy has been applied by the Province to mitigate excessive increases generated by the tranisition to full CVA Taxation for Commercial, Industrial and Multi-Residential properties.

This link  gives a brief summary of the legislation and provides a quick reference chart illustrating the % Tax Increase and % Clawback from 2002 to present.