The property tax is the largest and most important revenue source for municipalities. It is the only tax that municipalities have the authority to collect. Property taxes are calculated by multiplying the property assessment by the tax rate applied to the property. The County of Essex and the lower-tier municipalities set tax rates.
- Property Assessment
- The Municipal Property Assessment Corporation (MPAC) is responsible for determining a value on all properties in Ontario. If you visit this website, you can check your property assessment (CVA) and get answers to frequently asked assessment questions.
- Tax Rates
- The tax rate in the County of Essex consists of three components. They are (1) local municipal (2) County of Essex and (3) Education.
- Each of these components is related to the budgetary needs of the three entities. The tax rate is expressed as a percentage of a property's assessed value. Each property class has its own tax rate. The tax rate multiplied by the assessed value, results in the amount of property taxes payable for the year. For example, if the residential tax rate is 0.01342493 and the assessed value is $200,000, the property taxes would be $2,684.98 (see table below).
Residential Property Example Tax Rate A Assessment B Property Taxes C= A X B County of Essex portion .00414581 $200,000 $829.16 Education (Province) portion .00241000 $200,000 $482.00 Local Municipal portion (AVG) .00686912 $200,000 $1,373.82 Total .01342493 $2,684.98
Provided below is a link to the County of Essex 2013 Property Tax By-Law
For prior year Property Tax Rate By-Laws please follow the links in the right-hand column.