How do I calculate my residential municipal taxes?

To calculate your residential municipal taxes for 2021, use the following formula and rates, consult our Tip Sheet for Understanding your Tax Notice, or, use our simple Residential Property Tax Calculator.

Step 1: Determine your total land assessment

Taxable Land Assessment + Taxable Improvement Assessment = Total Assessment


Step 2: Use the formula

  • Total Assessment x Mill rate x Residential mill rate factor / 1,000 = taxes
  • Taxes + Base tax + Infrastructure levy =  Total residential municipal taxes

Mill Rate – 9.0 mills
Residential Mill Rate Factor – 0.720
Residential Base Tax – $800.00
Infrastructure Levy – $200.00

Example


Taxable Land Assessment              = 6,000.00
Taxable Improvement Assessment = 65,000.00
Total Assessment                           = 71,000.00

Assessment x Mill rate x Mill rate factor / 1,000 = taxes

71,000 x 9.0 x 0.720 / 1,000 = 460.08
$460.08 – Taxes
+$800.00 – Base Tax
+$200.00 – Infrastructure Levy
=$1,510.08 Total Residential Municipal Taxes

Show All Answers

1. Where can I view my property assessment?
2. What are the penalties for taxes in arrears?
3. How do I pay my taxes?
4. How do I calculate my commercial municipal taxes?
5. How do I calculate my residential municipal taxes?