Education Property Tax on a Toronto Bill in 2026

The education property tax on a 2026 Toronto residential bill is 0.153% of your assessed value. On the City’s example home, assessed at $692,140, that is $1,058.97 a year. The Province of Ontario sets the rate, the City collects it on the same bill as its own tax, and the money goes to schools, not to City services.

Who sets the rate

A Toronto bill bundles three charges: the City rate, the City Building Fund levy and education tax. The City’s rates page says education rates are set by the Government of Ontario through the Ministry of Finance, and that they support elementary and secondary schools. Council can’t vote the rate up or down.

The 2026 budget, adopted on February 10, added a 0.7% residential increase and a 1.5% City Building Fund levy, about 2.2% combined or $91.53 a year on an average assessed home. Neither figure includes education. Toronto’s rates page shows 0.153% for residential properties in 2026, the same figure it lists for 2022.

Rates by property class

For 2026 the City lists 0.153% for residential and multi-residential properties, 0.88% for commercial, industrial and pipeline properties, and 0.03825% for farmland and managed forests. Commercial owners pay more than five times the residential rate.

That changes the share of each bill. On a residential bill, education is 0.153% out of 0.767311%, about 19.9%. On a commercial bill it is 0.88% out of 2.301986%, about 38.2%. A commercial property assessed at $692,140 would owe $6,090.83 in education tax. Many commercial leases pass property tax on to tenants, so a tenant should ask the landlord for the breakdown.

Working out your own amount

Multiply the assessed value on your MPAC notice by 0.00153. A $300,000 assessment gives $459.00, $500,000 gives $765.00 and $1,000,000 gives $1,530.00. The average assessment gives $1,058.97, or about $88.25 a month. Every extra $100,000 of assessed value adds $153 a year.

The property tax calculator shows education next to the City and Building Fund lines. If your figure is close but not equal, check that you used the assessed value and not a market estimate. Each instalment carries about 19.9% education, so a six-instalment bill of $885 includes roughly $176 for schools.

Why the assessment matters more than the rate

With the rate steady, only the assessed value moves your education tax. MPAC’s last province-wide reassessment used a valuation date of January 1, 2016, and the Province postponed the next update in 2021. If the Province ever raised the rate by 0.01 percentage points, the average bill would rise by $69.21.

Say a home is assessed at $700,000 and MPAC corrects it to $650,000. Education tax drops from $1,071.00 to $994.50, a saving of $76.50. Across all three lines the $50,000 is worth $383.66, though the City decides how any adjustment applies. File a Request for Reconsideration before the deadline on your Property Assessment Notice, then you have 90 days to appeal to the Assessment Review Board.

Which school board gets your support

Every owner has a school support designation, English-public by default. You can ask MPAC to change it to French-public, English-Catholic or French-Catholic if you qualify. Catholic boards require Catholic affiliation, and French-language boards have language or citizenship criteria.

MPAC describes the designation as a way to say which board you want to support, and it decides which trustee elections you vote in. MPAC does not say a change alters your tax. Tenants can designate too, through an online portal. MPAC asked for updates by June 1, 2026, ahead of the October 26 elections, and can still correct errors.

Late payment and relief

Education tax is part of the bill, so late charges apply to it. The City adds 1.25% on the first day of default and on the first day of each month afterward, and says the charges can’t be waived. On a $176 education share, a month’s charge is about $2.20.

Low-income seniors and low-income people with disabilities can apply for the City’s relief programs. For 2026 the income limit is $62,000 and the deadline is November 2, 2026. The pages used here don’t say how relief treats the education portion, so read the current application first.

Estimating tax on a home you might buy

Tax follows the assessment, not the price. A house listed at $1,200,000 with an assessment of $650,000 owes $4,987.52 a year, of which $994.50 is education. Buying also triggers one-time land transfer tax. The land transfer tax calculator shows both portions. Related tools: the Toronto Vacant Home Tax calculator, plus all our tax calculators.

Sources

• City of Toronto, Property Tax Rates and Fees
• City of Toronto, 2026 Budget now final
• MPAC, School Support Designation
• MPAC, Request for Reconsideration

Common questions

Last reviewed: September 29, 2026. Figures come from the official sources listed above. How we check the numbers and our editorial policy.