What is the tax rate? When are taxes due? How is property assessed?
In the City of Peterborough, Ontario, property tax & assessment rules are set by By-law No. 19-063 (Municipal Accommodation Tax) and 2 other bylaws, verified 2026-10-28. Tax rate: four percent (4%). Due dates: At the time of purchase; by the fifteenth (15th) day following the end of each calendar month. Penalty interest: monthly rate of interest applicable to overdue property taxes.
| tax rate | four percent (4%) | s. 2 |
| due dates | At the time of purchase; by the fifteenth (15th) day following the end of each calendar month | s. 2; s. 10 |
| penalty interest | monthly rate of interest applicable to overdue property taxes | s. 17 |
Imposes a 4% Municipal Accommodation Tax on transient accommodation (stays under 30 nights), explicitly including stays booked through Airbnb and VRBO as well as hotels/motels; revenue shared with tourism entities.
Establishes annual property tax ratios for prescribed property classes (residential, commercial, industrial, multi-residential, etc.) for the 2026 taxation year, used to set proportional tax rates.
| tax rate | Downtown Business Improvement Area: Commercial Taxable 0.2608%; Commercial Vacant Units 0.2608%; Industrial Taxable 0.2608%; Industrial Vacant Units 0.2608%. East City/Ashburnham Business Improvement Area: Commercial Taxable 0.1365%; Commercial Vacant Units 0.1365%; Industrial Taxable 0.1365%; Industrial Vacant Units 0.1365%. | s. 2; s. 3 |
| due dates | All Wards: First Instalment Due Date July 31, 2026; Second Instalment Due Date September 30, 2026. | s. 6 |
| penalty interest | Penalty charge: one and one-quarter (1.25) percent of the amount outstanding on the first day of default plus an additional one and one-quarter (1.25) percent of the amount of taxes unpaid on the first day of each calendar month thereafter in which the default continued, but not after the 31st day of December of the year in which the taxes are levied; statutory interest: one and one-quarter (1.25) percent per month on any unpaid taxes from the 31st day of December in the year in which the taxes are levied, and an additional one and one-quarter (1.25) percent on the first day of each calendar month thereafter until such taxes are fully paid. | s. 9; s. 10 |
Annual by-law to levy and collect municipal, education and Business Improvement Area property taxes for 2026; sets penalty for non-payment and interest on tax arrears.