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The City of Sault Ste. Marie

 
 
 

How Property Taxes Are Calculated

Property taxes are calculated by multiplying the assessed value of a property by the tax rate applicable to the class of the property.

The tax rates are calculated as follows:

Step 1: Taxable Assessment X Tax Ratios = Weighted Assessment

Step 2: Levy Requirement / Weighted Assessment = Residential Tax Rate

Taxable assessment is established by the Municipal Property Assessment Corporation (MPAC). The value is based upon the current value as of January 1, 2016 and phased in over 4 years. The next valuation will be January 1, 2020.

Tax Ratios set the relative tax burden amount the various property classes in comparison to the residential rate.

The levy requirement is the amount of taxes required to be raised after deducting all non-tax revenue from the total cost of providing municipal services.

The following video explains the relationship between property taxes and property assessment:



Download Video for Offline Viewing (24 MB)

 

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Contact Us

Phone
705-759-5290

Email
citytax@cityssm.on.ca

Fax
705-759-1842

TTY
1-877-688-5528

Location
Civic Centre - Level 2

Our Team