Property tax is a levy based on the assessed value of property. If you own a property in Ontario, you need to pay property tax every year.

Municipal tax rates are established by your municipality and can vary, depending on the type of property you own.

Each year, municipalities decide how much they want to raise from property taxes to pay for services and determine the tax rate based on that amount.

Every year, your municipality will mail you a tax bill for every property you own.