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Outside the GTA · 2026 rates

Property tax in Hamilton

Hamilton's rate is 1.56%. On a $1,000,000 plex that is $15,572 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
Cambridge1.51%$15,122
Brantford1.54%$15,365
Hamilton1.56%$15,572
Oshawa1.58%$15,753
London1.73%$17,271

Land transfer tax

On a $1,000,000 building the tax is $16,475. The schedule is provincial: it is the same in Hamilton 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 $7,008 more per year in Hamilton, or $584 a month. Plexmeter derives it from your own tax bill, with no market averages.

What is the property tax rate in Hamilton?

Hamilton's rate is 1.56%. On a $1,000,000 plex that is $15,572 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