Three levels of government determine the property tax rate: Township, County and Provincial (education). The Township establishes a budget to provide the municipal services and infrastructure for which it is responsible. It calculates a municipal tax rate that will meet the funding requirements identified in the Township budget. The County of Wellington follows a similar process while the Province of Ontario establishes an education tax rate. Use this calculation to figure out your residential property tax:
The Municipal Tax Rate x the Assessed Value (CVA) of the Property + The Regional Tax Rate x the Assessed Value (CVA) of the Property + The Education Tax Rate x the Assessed Value (CVA) of the Property = The Total Property Tax