email phone

Municipal Taxation

Property Taxes

Property taxes in Ontario are collected based on a percentage of your property's current market value assessment (CVA). Each municipality is required to collect property taxes, and set the tax rates for the various property types. Municipal tax rates vary depending on the property type. The tax rates in Minto for selected property types and the portions attributable to the County, School Boards and Town are shown in the following table.

Your annual tax bill is calculated by applying the tax rate against the current market value assessment of your property (Current Market Value Assessment x Tax Rate = Total annual taxes). For example, if your industrial manufacturing property has a current market value assessment of $800,000, the annual taxes for 2016 would be $800,000 X 0.04466898 = $35,735.18

2016 Minto Tax Rates

Industrial

Code:  IT/LT
Town Portion:  0.01336728
County Portion:  0.01542673
School Portion:  0.01500000
Total:  0.04466898

Commercial

Code:  CT
Town Portion:  0.00823759
County Portion:  0.00950672
School Portion:  0.01026644
Total:  0.02854995

Residential

Code:  RT
Town Portion:  0.00556970
County Portion:  0.00642780
School Portion:  0.00188000
Total:  0.01424207

Multi-Residential

Code:  MT
Town Portion:  0.01040420
County Portion:  0.01200714
School Portion:  0.00188000
Total:  0.02497236

 

Source: Town of Minto Treasury Department, Telephone 519-338-2511 ext. 235