London Property Tax 2026 — Mill Rate 1.7271%

What is London's 2026 property tax rate?

London's 2026 residential mill rate is 1.7271% (0.01727111 as a decimal). On a $620,000 home this works out to $10,708 per year, or roughly $892 per month if your lender holds the tax in escrow. Source: https://london.ca/sites/default/files/2026-06/2026%20City%20of%20London%20Property%20Tax%20Rates.pdf, last verified 2026-08-04.

When are London property taxes due?

London's 2026 interim bill is due February 27, 2026 and March 31, 2026. London's 2026 final bill is due June 30, 2026, August 31, 2026 and October 30, 2026. Penalty and interest of 1.25% is charged on taxes unpaid at the first day of default, and again on the first day of each month after. Source: https://london.ca/government/property-taxes-finance/property-taxes, last verified 2026-08-26. Most lenders collect property tax monthly through PITI escrow rather than waiting for the city's due date.

How is my London home assessed?

Your tax is calculated as assessed value × mill rate, not market value × mill rate. Ontario uses a public assessment authority (BC Assessment, MPAC in Ontario, etc.) to set assessed values, usually updated every 1-4 years. Assessed value typically lags market value, so the same mill rate produces different effective burdens depending on assessment cycle timing.

Are London property taxes deductible on my income tax return?

Property tax on your principal residence is NOT deductible federally or provincially. It only becomes deductible when the property generates rental income (line 9180 on T776) or self-employed business income (CCA / business-use-of-home on T2125). For a principal residence, the tax is a non-deductible cost of ownership.

Why does London's mill rate differ from neighbouring cities?

Each Canadian municipality sets its own residential mill rate to fund local services — police, fire, transit, parks, road maintenance — plus a provincially-set education portion. Cities with higher assessed values can raise the same revenue at a lower mill rate (Vancouver, Toronto), while cities with lower assessed values often need higher rates to fund equivalent services. Compare London with other Ontario cities in the table above.