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 0.732324% = $732.32
2022 tax rates
Residential
- Tax class: RT/RH
- Tax rate: 0.732324%
Multi-Residential
- Tax class: MT
- Tax rate: 1.311648%
New Multi-Residential
- Tax class: NT
- Tax rate: 0.732324%
Commercial – Full
- Tax class: CT/DT/GT/ST/CH/XT/YT/ZT/CH
- Tax rate: 1.614336%
Commercial – Vacant/Excess Land
- Tax class: CU/DU/SU/CX/XU/ZU/YU/CU/CJ/XX
- Tax rate: 1.614336%
Industrial – Full
- Tax class: IT/LT
- Tax rate: 2.091192%
Industrial – Vacant/Excess Land
- Tax class: IU/IX/LU
- Tax rate: 2.091192%
Industrial – New construction
- Tax class: KT/JT
- Tax rate: 2.091192%
Industrial – New construction (Vacant/Excess Land)
- Tax class: KU/JU
- Tax rate: 2.091192%
Industrial – Hydro
- Tax class: IH
- Tax rate: 2.309376%
Industrial – Hydro (Vacant/Excess Land)
- Tax class: IJ/IK
- Tax rate: 2.309376%
Industrial – Hydro New construction
- Tax class: JH
- Tax rate: 2.191192%
Industrial - Farmland Awaiting Development
- Tax class: I1
- Tax rate: 0.549243%
Pipeline
- Tax class: PT
- Tax rate: 1.495069%
Farmland
- Tax class: FT
- Tax rate: 0.154114%
Managed forest
- Tax class: TT
- Tax rate: 0.183081%
Levy change factors
- Commercial: 0.00985118
- Industrial: 0.01092871
- Multi-res: 0.01676325
Business improvement area rates
Downtown BIA
- Commercial full: 0.348961%
- Commercial excess land or vacant land: 0.348961%
Bronte BIA
- Commercial full: 0.369397%
- Commercial excess land or vacant land: 0.369397%
Kerr Street BIA
- Commercial full: 0.182724%
- Commercial excess land or vacant land: 0.182724%
Your assessment amount is multiplied by the interim rate, then divided by two to determine your interim tax bill.
Residential
- Tax class: RT/RH
- Interim tax rate: 0.721512%
Multi-Residential
- Tax class: MT
- Interim tax rate: 1.290025%
New Multi-Residential
- Tax class: NT
- Interim tax rate: 0.721512%
Commercial – Full
- Tax class: CT/DT/GT/ST/CH/XT/YT/ZT/CH
- Interim tax rate: 1.598590%
Commercial – Vacant/Excess Land
- Tax class: CU/DU/SU/CX/XU/ZU/YU/CU/CJ/XX
- Interim tax rate: 1.598590%
Industrial – Full
- Tax class: IT/LT
- Interim tax rate: 2.068588%
Industrial – Vacant/Excess Land
- Tax class: IU/IX/LU
- Interim tax rate: 2.068588%
Industrial – New construction
- Tax class: KT/JT
- Interim tax rate: 2.068588%
Industrial – New construction (Vacant/Excess Land)
- Tax class: KU/JU
- Interim tax rate: 2.068588%
Industrial – Hydro
- Tax class: IH
- Interim tax rate: 2.286772%
Industrial – Hydro (Vacant/Excess Land)
- Tax class: IJ/IK
- Interim tax rate: 2.286772%
Industrial – Hydro New construction
- Tax class: JH
- Interim tax rate: 2.168588%
Industrial - Farmland Awaiting Development
- Tax class: I1
- Interim tax rate: 0.541134%
Pipeline
- Tax class: PT
- Interim tax rate: 1.483589%
Farmland
- Tax class: FT
- Interim tax rate: 0.151952%
Managed forest
- Tax class: TT
- Interim tax rate: 0.180378%
Historical tax rates
Review our Previous Tax Rates (pdf) for information on the past five years of rates.
For further historical information, please contact finance@oakville.ca.