What is the tax rate? When are taxes due? How is property assessed?

Property tax & assessment — Faraday, Ontario: By-law No. 26-2026 — 2026 Levy, Tax Rates, Penalty and Interest

In the Township of Faraday, Ontario, property tax & assessment rules are set by By-law No. 26-2026 — 2026 Levy, Tax Rates, Penalty and Interest, verified 2026-10-26. Due dates: 100% of the final levy due and payable on July 23, 2026 for all classes.

By-law No. 26-2026 — 2026 Levy, Tax Rates, Penalty and Interest adopted bylaw

tax rate	Residential/Farm (RT) 0.008523; Managed Forest (TT) 0.002131; Farmlands (FT) 0.002131; Commercial (CT) 0.009375; Commercial - Vac/Exc (CU) 0.009375; Commercial - Vac (CX) 0.009375; Industrial (IT) 0.009375; Industrial - Vac/Exc (IU) 0.009375; Industrial - Vac (IX) 0.009375; Aggregate Extraction (VT) 0.009375	s. 2
due dates	100% of the final levy due and payable on July 23, 2026 for all classes	s. 3(a) and s. 3(b)
penalty interest	1.25% on first day of default (August 1, 2026); 1.25% per month on first day of each month default continues until December 31, 2026; 1.25% per month on taxes in default on January 1, 2027	s. 4(a) and s. 4(b)

scout note

Township of Faraday by-law adopting the 2026 levy ($5,092,702.91), setting 2026 tax rates by class and providing penalty and interest on default.

Township of Faraday — Taxation and Finance

Interim bills issued February (50% of prior year) due end of March; final bills issued June due end of July; links to levy by-laws 2024-2026 and budget summary.