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Peel · 2025 rates

Property tax in Caledon

Caledon's rate is 0.94%. On a $1,000,000 plex that is $9,354 a year, the largest expense line after the mortgage.
Buying a plex?

Property tax is one line of the bill.

Plexmeter computes your payment on the Canadian semi-annual compounding rule, your real cash flow, the coverage ratio your lender will demand, and the price above which the building stops carrying itself.
See Plexmeter: $199

What the rate is made of

The municipality publishes its total rate undivided.

Against neighbouring cities

CityRateOn $1,000,000
King0.92%$9,160
Newmarket0.92%$9,190
Caledon0.94%$9,354
Halton Hills0.96%$9,555
Burlington1.02%$10,153

Land transfer tax

On a $1,000,000 building the tax is $16,475. The schedule is provincial: it is the same in Caledon as anywhere else in Ontario, outside the City of Toronto which adds a second one.

Your assessment is frozen at 2016 values

Ontario taxes on January 1, 2016 values, and a sale does not reset them. On a building bought at $1,000,000 whose assessment sits near $550,000, the tax is computed on that assessment, not on the price.

That is an advantage today and a liability tomorrow: when the roll is updated, expect about $4,209 more per year in Caledon, or $351 a month. Plexmeter derives it from your own tax bill, with no market averages.

What is the property tax rate in Caledon?

Caledon's rate is 0.94%. On a $1,000,000 plex that is $9,354 a year.

What value is Ontario property tax calculated on?

Ontario taxes on January 1, 2016 values, and a sale does not reset them.

Other municipalities