Tax Rates
Tax rates are determined through the approval of the municipal budget by Council.
Tax rate calculation
Residential
For each $100,000 of residential assessment, multiply by the applicable rate.
Example:
$100,000 x 0.760437 per cent = $760.44
2024 tax rates
Your assessment amount is multiplied by the final tax rate to determine your final taxes.
Residential
- Tax class: RT/RH
- Tax rate: 0.795819 per cent
Multi-Residential
- Tax class: MT
- Tax rate: 1.438636 per cent
New Multi-Residential
- Tax class: NT
- Tax rate: 0.795819 per cent
Commercial – Full
- Tax class: CT/CH/DT/ST/GT
- Tax rate: 1.706817 per cent
Commercial – Vacant/Excess Land
- Tax class: CU/DU/SU/CX
- Tax rate: 1.706817 per cent
Industrial – Full
- Tax class: IT/LT
- Tax rate: 2.223940 per cent
Industrial – Full
- Tax class: IH
- Tax rate: 2.442124 per cent
Industrial – Vacant/Excess Land
- Tax class: IU/IX/LU
- Tax rate: 2.223940 per cent
Industrial – Vacant/Excess Land
- Tax class: IJ/IK
- Tax rate: 2.442124 per cent
Industrial - Farmland Awaiting Development
- Tax class: R1/C1/I1
- Tax rate: 0.596863 per cent
Pipeline
- Tax class: PT
- Tax rate: 1.562481 per cent
Farmland
- Tax class: FT
- Tax rate: 0.166814 per cent
Managed forest
- Tax class: TT
- Tax rate: 0.198954 per cent
Commercial – Full
- Tax class: CT/DT/ST/GT
- Downtown BIA tax rate: 0.367285 per cent
- Bronte BIA tax rate: 0.423603 per cent
- Kerr Street BIA tax rate: 0.201300 per cent
Commercial – Vacant/Excess Land
- Tax class: CX/CU
- Downtown BIA tax rate: 0.367285 per cent
- Bronte BIA tax rate: 0.423603 per cent
- Kerr Street BIA tax rate: 0.201300 per cent
Your assessment amount is multiplied by the interim rate, to determine your interim tax bill.
Residential
- Tax class: RT/RH
- Notional tax rate: 0.380219 per cent
Multi-Residential
- Tax class: MT
- Notional tax rate: 0.683937 per cent
New Multi-Residential
- Tax class: NT
- Notional tax rate: 0.380219 per cent
Commercial – Full
- Tax class: CT/CH/DT/ST/GT
- Notional tax rate: 0.827643 per cent
Commercial – Vacant/Excess Land
- Tax class: CU/DU/SU/CX
- Notional tax rate: 0.827643 per cent
Industrial – Full
- Tax class: IT/LT
- Notional tax rate: 1.074984 per cent
Industrial – Full
- Tax class: IH
- Notional tax rate: 1.184076 per cent
Industrial – Vacant/Excess Land
- Tax class: IU/IX/LU
- Notional tax rate: 1.074984 per cent
Industrial – Vacant/Excess Land
- Tax class: IJ/IK
- Notional tax rate: 1.184076 per cent
Industrial - Farmland Awaiting Development
- Tax class: R1/C1/I1
- Notional tax rate: 0.285165 per cent
Pipeline
- Tax class: PT
- Notional tax rate: 0.762458 per cent
Farmland
- Tax class: FT
- Notional tax rate: 0.79869 per cent
Managed forest
- Tax class: TT
- Notional tax rate: 0.095055 per cent
Commercial – Full
- Tax class: CT/DT/ST/GT
- Downtown BIA notional tax rate: 0.177832 per cent
- Bronte BIA notional tax rate: 0.204547 per cent
- Kerr Street BIA notional tax rate: 0.096036 per cent
Commercial – Vacant/Excess Land
- Tax class: CX/CU
- Downtown BIA notional tax rate: 0.177832 per cent
- Bronte BIA notional tax rate: 0.204547 per cent
- Kerr Street BIA notional tax rate: 0.096036 per cent
Tax rate summaries
Current tax rates
Review the 2024 Tax Rates Summary (pdf)
Historical tax rates
Review our Summary of Previous Tax Rates (pdf) for information on the past five years of rates. For further historical information, please contact tax@oakville.ca.
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