Check property tax rates

Find current and past property tax rates, and learn how your property taxes are calculated.

On this page:

1. How property taxes are calculated
2. Check your property tax
3. Current property tax rates
4. Past property tax rates
5. 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

2026 residential tax example

In 2026, the residential tax rate is 1.432260%.

For a home valued at $405,000 in Waterloo, this works out to $5,800.65.

Of that total:

• City of Waterloo receives 30%
• Region of Waterloo receives 59%
• your school board receives 11%

The City collects property taxes on behalf of the City, the Region, and the school boards, but only sets the municipal portion of the tax rate.

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

Current property tax rates

Find other property tax services

• Pay your property tax bill
• Update your tax account
• Check if you qualify for a tax rebate or deferral