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Property Taxes

Kids playing in leaves

Property taxes allow the City of Waterloo to provide the important municipal programs and services you value and expect. View a breakdown of how the City of Waterloo allocates property tax revenue.

Tax bill components

Your final property tax bill has three components:

  • Education taxes - 16 per cent
  • Municipal taxes (to the city) - 30 per cent
  • Regional taxes - 54 per cent

Use our online calculator (for residential properties only) to see how much of your property tax bill goes to the City of Waterloo.

Setting taxes

We set your property taxes using your property assessment (determined by the Municipal Property Assessment Corp) times the city's tax rate, the Region of Waterloo's tax rate and the provincial education tax rate. To calculate your total property tax bill, multiply your property assessment by the total residential tax rate.

In 2017 the residential tax rate is 1.130178 per cent (City of Waterloo 0.339706 per cent + Region of Waterloo 0.611472 per cent + all school boards 0.179000 per cent = 1.130178 per cent).

A residential property assessed at $373,400 would therefore incur $4,220.08 in property taxes in 2017 ($373,400 x 1.130178 per cent= $4,220.08).

Assessment growth

Watch a brief video to help understand how assessment growth impacts the tax base:

Change in market value

Watch a brief video to help understand how a change in your home's market value impacts your taxes:

More info

For a comprehensive overview of our fees related to property taxes, please see our Fees page.