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# Check property tax rates
Find current and past property tax rates, and learn how your property taxes are calculated.
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**On this page:**
1. How property taxes are calculated
2. Check your property tax
3. Current property tax rates
4. Past property tax rates
5. Find other property tax services
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## How property taxes are calculated
Property taxes are calculated by multiplying the value of your property by the tax rate.
* the Municipal Property Assessment Corporation (MPAC) sets property values
* the City of Waterloo, Region of Waterloo and school boards set tax rates each year
* rates change each year based on the value of all properties and how much funding is needed to provide services
Watch: how property values affect your taxes (3:02), explaining assessment growth (2:09).
### 2026 residential tax example
In 2026, the residential tax rate is 1.432260%.
For a home valued at $405,000 in Waterloo, this works out to $5,800.65.
Of that total:
* City of Waterloo receives 30%
* Region of Waterloo receives 59%
* your school board receives 11%
The City collects property taxes on behalf of the City, the Region, and the school boards, but only sets the municipal portion of the tax rate.
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## Check your property tax
Use our online property tax look-up tool to check the taxes on a residential property in Waterloo.
The tool shows:
* total property tax for the property
* the amounts paid to the city, Region and school board
* how your city tax dollars are spent on services
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## Current property tax rates
Current property tax rates
| **Tax class** | **Description** | **City** | **Region** | **Education** | **Total** |
| --- | --- | --- | --- | --- | --- |
| **CTN** | Commercial taxable | 0.852981% | 1.641576% | 0.880000% | 3.374557% |
| **FTEP** | Farm land | 0.109356% | 0.210459% | 0.038250% | 0.358065% |
| **ITN** | Industrial taxable | 0.852981% | 1.641576% | 0.880000% | 3.374557% |
| **MTES** | Multi-residential taxable | 0.852981% | 1.641576% | 0.153000% | 2.647557% |
| **NTEP** | New multi-residential taxable | 0.437426% | 0.841834% | 0.153000% | 1.432260% |
| **PTN** | Pipeline taxable | 0.507983% | 0.977622% | 0.880000% | 2.365605% |
| **RTEP** | Residential | 0.437426% | 0.841834% | 0.153000% | 1.432260% |
| **TTEP** | Managed forest | 0.109356% | 0.210459% | 0.038250% | 0.358065% |
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## Past property tax rates
Find past tax rates
* 2025 property tax rates (PDF)
* 2024 property tax rates (PDF)
* 2023 property tax rates (PDF)
* 2022 property tax rates (PDF)
* 2021 property tax rates (PDF)
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## Find other property tax services
* Pay your property tax bill
* Update your tax account
* Check if you qualify for a tax rebate or deferral