Taxes

The City of Peterborough is committed to providing helpful information about your property taxes.

We can help you with:

Property tax overview

As a property owner in the City of Peterborough, you pay taxes each year that fund services like:

  • public education
  • firefighting
  • local police
  • libraries
  • waste collection

How property tax is calculated

The amount of tax payable on your property is the result of a calculation based on four factors:

  • The assessed value of your property (set by the Municipal Property Assessment Corporation)
  • The type of property you own (tax class)
  • The tax rate for your property (set annually by City Council)
  • The education tax rate for your property (set annually by the Province on Ontario)

Property taxes are calculated by multiplying the Current Value Assessment of your property by the combined municipal and education tax rates.

Property tax notices

Interim tax notices are generated in January each with 2 due dates: the last business day in March and the last business day in May.

The interim tax notices are generated before the final tax rates are approved for the year and are calculated to not exceed 50% of the previous year annual levy. 

Interim tax notices are not generated for accounts enrolled in monthly pre-authorized payments (PAP) or where a mortgage company remits the property taxes. 

Final tax notices are generated in June each with 2 due dates: the last business day in July and the last business day in September.

The final tax notices are generated after the final tax rates are approved for the year and provide the annual tax levy. The amount billed for the interim is deduced from the annual levy and the remainder becomes the amount owing on the final tax notice.  

Final tax notices are generated for all accounts including those enrolled in monthly pre-authorized payments (PAP) and where a mortgage company remits the property taxes. 

Supplemental/Omitted tax notices are generated only when the Municipal Property Assessment Corporation (MPAC) provides the City with new assessment value as the result of an improvement or change in the property (supplemental) or assessment that was previously missed (omitted).

MPAC can provide new assessment for the current year and up to 2 years prior, meaning that you could receive up to 3 tax bills as a result. MPAC provides property owners with an assessment notice prior to the City issuing the tax notice. More information is available on MPAC's website

If applicable, these notices are generated in the second half of the year and the due date(s) are provided on the tax notice. 

Supplemental/Omitted tax notices do not replace any previous tax notices; they are in addition to the interim and final tax notice. The year following receipt of a Supplemental/Omitted tax notice, the new total assessment value will be used to calculate the interim and final tax levies. 

Payment for Supplemental/Omitted tax notices are not included in existing pre-authorized payment (PAP) plans. 

Tax rates

2025 Final Tax Rates
Property class Municipal Education Total
Residential 1.6161400% 0.1530000% 1.7691400%
Multi-residential 3.1469640% 0.1530000% 3.2999640%
New multi-residential 1.6161400% 0.1530000% 1.7691400%
Commercial class 2.4242100% 0.8800000% 3.3042100%
Commercial class - New construction 2.4242100% 0.8800000% 3.3042100%
Commercial class - Vacant units 2.4242100% 0.8800000% 3.3042100%
Commercial class - Vacant units new construction 2.4242100% 0.8800000% 3.3042100%
Commercial class - Vacant land 2.4242100% 0.8800000% 3.3042100%
Commercial class - Vacant land new construction 2.4242100% 0.8800000% 3.3042100%
Industrial Class 2.4242100% 0.8800000% 3.3042100%
Industrial class - New construction 2.4242100% 0.8800000% 3.3042100%
Industrial class - Vacant units 2.4242100% 0.8800000% 3.3042100%
Industrial class - Vacant units new construction 2.4242100% 0.8800000% 3.3042100%
Industrial class - Vacant land 2.4242100% 0.8800000% 3.3042100%
Industrial class - Vacant land new construction 2.4242100% 0.8800000% 3.3042100%
Pipeline 2.0534670% 0.8800000% 2.9334670%
Farm property 0.4040350% 0.0382500% 0.4422850%
Farm land awaiting development 1.2121050% 0.1147500% 1.3268550%
Managed forest 0.4040350% 0.0382500% 0.4422850%
Downtown BIA n/a n/a 0.2591%
East City BIA n/a n/a 0.1348%

2024 Final Tax Rates
Property class Municipal Education Total
Residential 1.4992220% 0.1530000% 1.6522220%
Multi-residential 2.9193000% 0.1530000% 3.0730000%
New multi-residential 1.4992220% 0.1530000% 1.6522220%
Commercial class 2.2488330% 0.8800000% 3.1288330%
Commercial class - New construction 2.2488330% 0.8800000% 3.1288330%
Commercial class - Vacant units 2.2488330% 0.8800000% 3.1288330%
Commercial class - Vacant units new construction 2.2488330% 0.8800000% 3.1288330%
Commercial class - Vacant land 2.2488330% 0.8800000% 3.1288330%
Commercial class - Vacant land new construction 2.2488330% 0.8800000% 3.1288330%
Industrial Class 2.2488330% 0.8800000% 3.1288330%
Industrial class - New construction 2.2488330% 0.8800000% 3.1288330%
Industrial class - Vacant units 2.2488330% 0.8800000% 3.1288330%
Industrial class - Vacant units new construction 2.2488330% 0.8800000% 3.1288330%
Industrial class - Vacant land 2.2488330% 0.8800000% 3.1288330%
Industrial class - Vacant land new construction 2.2488330% 0.8800000% 3.1288330%
Pipeline 1.9049110% 0.8800000% 2.7849110%
Farm property 0.3748060% 0.0382500% 0.4130560%
Farm land awaiting development 1.1244171% 0.1147500% 1.2391671%
Managed forest 0.3748060% 0.0382500% 0.4130560%
Downtown BIA n/a n/a 0.2533%
East City BIA n/a n/a 0.1298%

Property tax calculator

You can use our online calculator to see a breakdown of your residential property taxes and where your tax dollars go.

Note: this calculation only uses the residential tax rate so it will not accurately calculate taxes for other assessment classes. 

For a more detailed breakdown of the municipal services you pay for as a tax payer in the City of Peterborough, please read our Budget and Finance page.

Name, ownership, and mailing address changes

To make a change to the name or ownership on your property tax account, the City of Peterborough requires a copy of an updated registered deed, as provided by your lawyer. Please email to tax@peterborough.ca.

To make a change or correction to your mailing address, register or log in to the My Tax Portal

To register in the online portal, you will require the following:

  • the property address
  • the property roll number
  • the owner name exactly as it appears on the first line of the mailing address
  • the unique Access Code shown on the top right corner of your tax bill

Changes provided to the City of Peterborough cannot be shared with the Municipal Property Assessment Corporation (MPAC). Property owners can notify MPAC of changes online at mpac.ca under Making Changes and Updates.

Contact Us

City Hall
500 George St. N.
Peterborough, ON
K9H 3R9

Phone: 705-742-7777
Toll Free: 1-855-738-3755
Email Us