- 2024 property tax rates (PDF)
- 2023 property tax rates (PDF)
- 2022 property tax rates (PDF)
- 2021 property tax rates (PDF)
Check property tax rates
Find current and past property tax rates, and learn how your property taxes are calculated.
On this page:
- How property taxes are calculated
- Check your property tax
- 2025 property tax rates
- Past property tax rates
- Find other property tax services
How property taxes are calculated
Property taxes are calculated by multiplying the value of your property by the tax rate.
- the Municipal Property Assessment Corporation (MPAC) sets property values
- the City of Waterloo, Region of Waterloo and school boards set tax rates each year
- rates change each year based on the value of all properties and how much funding is needed to provide services
Watch: how property values affect your taxes (3:02), explaining assessment growth (2:09).
2025 residential tax example
In 2025, the residential tax rate is 1.365525%.
For a home valued at $405,000 in Waterloo, this works out to $5,530.38.
Of that total:
- City of Waterloo gets 30%
- Region of Waterloo gets 59%
- your school board gets 11%
The city collect taxes for all 3, but only set our own portion.
Check your property tax
Use our online property tax look-up tool to check the taxes on a residential property in Waterloo.
The tool shows:
- total property tax for the property
- the amounts paid to the city, Region and school board
- how your city tax dollars are spent on services
2025 property tax rates
| Tax class | Description | City | Region | Education | Total |
|---|---|---|---|---|---|
| RT | Residential |
0.411200% |
0.801325% |
0.153000% |
1.365525% |
| MT |
Multi-residential taxable |
0.801840% |
1.562584% |
0.153000% |
2.517424% |
| NT |
New multi-residential taxable |
0.411200% |
0.801325% |
0.153000% |
1.365525% |
| CT |
Commercial taxable |
0.801840% |
1.562584% |
0.880000% |
3.244424% |
| IT |
Industrial taxable |
0.801840% |
1.562584% |
0.880000% |
3.244424% |
| FT |
Farm land |
0.102800% |
0.200332% |
0.038250% |
0.341382% |
| PT |
Pipeline taxable |
0.477527% |
0.930579% |
0.880000% |
2.288106% |
| TT |
Managed forest |
0.102800% |
0.200332% |
0.038250% |
0.341382% |