Understanding Property Taxes

What's on this page

↓Overview
↓Key information
↓Where your tax dollars go
↓How property taxes are calculated
↓How the calculation works
↓2026 household impact
↓Estimated tax increase by property assessment value
↓What this means for a typical household
↓How this affects you


Overview 

Property taxes help fund important services provided by different levels of government. In Milton, your property tax bill supports services delivered by the Town of Milton, the Region of Halton, and the Province of Ontario (education). 

This page explains how your property taxes are calculated, where your tax dollars go, and what recent changes may mean for your household. Use this page to better understand how your taxes are distributed and how they may change over time.

Key information 

The Town of Milton collects property taxes on behalf of three levels of government and distributes the revenue accordingly: 

  • The Town of Milton 

  • The Region of Halton 

  • The Province of Ontario (education/school boards) 

Each level of government sets its own tax rate for its portion of the overall property tax bill.

Where your tax dollars go 

For every $1 collected in residential property tax, the breakdown is as follows: 

Your municipal taxes fund local services such as: 

  • Fire and protection services 

  • Recreation facilities and programs 

  • Road and park maintenance 

  • Transit 

  • Milton Public Library 

  • Winter maintenance 

  • Civic administration 

  • Cultural programming and services 

  • Stormwater pond maintenance 

  • Planning, zoning, and economic development 

  • Streetlighting 

Regional taxes support services that are delivered across the region, including: 

  • Garbage and recycling 

  • Police and paramedic services 

  • Regional roads 

  • Social services 

  • Public health 

Education taxes are allocated to: 

  • School boards 

How property taxes are calculated 

Your property tax bill is based on two main factors: 

Property assessment value

  • Set by the Municipal Property Assessment Corporation (MPAC) 

Tax rate

  • Set by each level of government 

How the calculation works 

Property taxes are calculated using the following formula: 

Assessment value × tax rate = tax amount due 

For example: $600,000x 0.00826000= $4,956 (annual taxes) 

The Town only controls the municipal portion of the total tax rate. 

After all levels of government finalize their budgets, the final tax rates are set. You can estimate your taxes using the Town’s property tax calculator. 

2026 household impact 

Each year, property tax rates may change based on approved budgets and funding needs. 

For 2026, estimated increases are: 

  • Town of Milton: 6.94 per cent 

  • Halton Region: 4.59 per cent 

  • Education (Province): 0 per cent 

This results in an approximate total residential tax increase of 4.75 per cent, prior to any adjustments from tax policy decisions.

Estimated tax increase by property assessment value 

The table below provides an example of how property tax increases may vary based on assessed property value. 

Residential assessed value 

2026 tax increase

$100,000 

$39.22 

$200,000 

$78.44 

$300,000 

$117.66 

$400,000 

$156.88 

$500,000 

$196.10 

$600,000 

$235.32 

$700,000 

$274.54 

$800,000 

$313.76 


What this means for a typical household 

For example, a home assessed at $600,000 would pay approximately $5,191.34 in total property taxes for 2026. This equals: 

  • $432.61 per month 

  • $99.83 per week 

  • $14.22 per day 

These taxes help fund more than 85 programs and services delivered by all levels of government.

How this affects you 

Understanding your property taxes helps you: 

  • See how your tax dollars are allocated 

  • Anticipate changes to your annual tax bill 

  • Make informed financial decisions 

Property taxes will change each year based on budget decisions by the three levels of government and any changes in tax policy.