Markham Property Tax 2026 — Mill Rate 0.7229%
Ontario · annual residential property tax · municipal levy (separate from CRA income tax)
Quick answer — annual property tax on a $1,240,000 home
$8,964 /year
≈ $747/month escrow · mill rate 0.7229% · YoY +2.26 bps
A major GTA tech and finance hub north of Toronto. Markham residents pay Ontario provincial tax plus federal tax — no separate municipal income tax.
Annual property tax by home value in Markham
| Home value | Annual tax | Monthly escrow |
|---|---|---|
| $500,000 | $3,614 | $301 |
| $750,000 | $5,422 | $452 |
| $1,000,000 | $7,229 | $602 |
| $1,500,000 | $10,843 | $904 |
| $2,000,000 | $14,458 | $1,205 |
| $3,000,000 | $21,687 | $1,807 |
Markham property tax due dates (2026)
As published by the municipality. Missing a due date triggers a penalty, so these matter more than the rate does.
Interim bill
- February 5, 2026
- March 5, 2026
Final bill
- July 6, 2026
- August 5, 2026
Pre-authorized plans run on four instalments (matching the regular interim/final dates), six instalments (three each in Feb/Mar/Apr and Jul/Aug/Sep), or eleven monthly withdrawals from February through December. PTP applications for 2026 were due May 6, 2026.
Residential, Commercial and Industrial share the same interim due dates. The final bill also carries a 6-instalment residential option (July 6, August 5, September 8, 2026).
Due dates source: https://www.markham.ca/sites/default/files/2025-12/Interim%20Tax%20Bill%202026%20-%20Brochure%20(Web%20Version)%20-%20AODA.pdf · verified 2026-08-27
Mill rate breakdown
| Component | Rate | % of total |
|---|---|---|
| Municipal | 0.1775% | 24.6% |
| Education (Ontario) | 0.1530% | 21.2% |
| Other levies | 0.3924% | 54.3% |
| Total | 0.7229% | 100.0% |
Compare with other Ontario cities
Annual tax shown for a $1,000,000 home, sorted lowest to highest mill rate.
| City | Mill rate | Tax on $1M home |
|---|---|---|
| Richmond Hill | 0.7370% | $7,370 |
| Vaughan | 0.7492% | $7,492 |
| Toronto | 0.7673% | $7,673 |
| Burlington | 0.8050% | $8,050 |
| Oakville | 0.8510% | $8,510 |
| Mississauga | 1.0339% | $10,339 |
| Brampton | 1.2006% | $12,006 |
| Ottawa | 1.2271% | $12,271 |
| Whitby | 1.3825% | $13,825 |
| Kitchener | 1.4060% | $14,060 |
| Barrie | 1.4675% | $14,675 |
| Guelph | 1.4944% | $14,944 |
| Hamilton | 1.4971% | $14,971 |
| Oshawa | 1.5753% | $15,753 |
| Kingston | 1.6054% | $16,054 |
| London | 1.7271% | $17,271 |
| Niagara Falls | 1.7489% | $17,489 |
| Sudbury | 1.9072% | $19,072 |
| Windsor | 2.0965% | $20,965 |
Related calculators for Markham
Buying in Markham? Use the Land Transfer Tax calculator for the one-time purchase tax. Comparing salaries? Estimate your take-home pay in Markham with the take-home pay calculator. Or browse all city property tax pages.
Note: 2026 final (City of Markham 2026 Final Tax Bill brochure). 0.722889% = City 0.177477% + York Region 0.392412% (in "other") + education 0.153000%. Still the lowest residential rate among Ontario's large cities. The York Region rate matches the one on Vaughan's 2026 entry, as it must — one upper tier, one rate.
Frequently asked questions
What is Markham's 2026 property tax rate?
Markham's 2026 residential mill rate is 0.7229% (0.00722889 as a decimal). On a $1,240,000 home this works out to $8,964 per year, or roughly $747 per month if your lender holds the tax in escrow. Source: https://www.markham.ca/sites/default/files/2026%20Final%20Tax%20Brochure.pdf, last verified 2026-08-26.
When are Markham property taxes due?
Markham's 2026 interim bill is due February 5, 2026 and March 5, 2026. Markham's 2026 final bill is due July 6, 2026 and August 5, 2026. Residential, Commercial and Industrial share the same interim due dates. The final bill also carries a 6-instalment residential option (July 6, August 5, September 8, 2026). Source: https://www.markham.ca/sites/default/files/2025-12/Interim%20Tax%20Bill%202026%20-%20Brochure%20(Web%20Version)%20-%20AODA.pdf, last verified 2026-08-27. Most lenders collect property tax monthly through PITI escrow rather than waiting for the city's due date.
How is my Markham 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 Markham 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 Markham'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 Markham with other Ontario cities in the table above.
Source: https://www.markham.ca/sites/default/files/2026%20Final%20Tax%20Brochure.pdf · Last verified 2026-08-26
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