​​​​​​​​Property taxes for the Residential and Farm tax class (RT) are a product of the annual tax rates, as determined by the City of Brampton, The Region of ​Peel and the Province of Ontario (education) and the Assessment Value provided by the Municipal Property Assessment Corporation (MPAC)

Example:

Assessment Value* (416,000) X Total Tax Rate (2016: 1.103025%) = $4,588.58

Please Note: The above calculation is a starting point for properties in the Commercial, Industrial and Multi-Residential tax classes. This basic formula is then adjusted on a property by property basis to reflect the adjustments legislated by Bill 83. For more information please see Capping and Clawback.

* If assessed value has not been assigned, the purchase price can be used to estimate taxes.