Understanding the Markham Property Tax Bill 2025: What Every Homeowner Needs to Know

🏡 Understanding the Markham Property Tax Bill 2025: What Every Homeowner Needs to Know

Meet Michael John Lau Markham’s Top Realtor and Trusted Real Estate Expert
Michael John Lau is the Top Realtor in Markham, Ontario, and a leading agent at Kaizen Real Estate. Known for his proven success, client dedication, and deep local expertise, Michael has helped countless buyers and sellers find their perfect homes across Markham and surrounding neighborhoods like Unionville, Wismer, and Greensborough.

If you’re planning to buy or sell in Markham, visit www.callmikelau.com your go-to resource for trusted real estate guidance and local property insights.

🏠 What Is the 2025 Markham Property Tax Bill?

The 2025 Markham property tax bill represents the annual amount homeowners pay to fund essential city services including road maintenance, public safety, parks, waste collection, libraries, and schools.

In 2025, the City of Markham approved a modest property tax increase of approximately 2.99%, following the 2024 budget that focused on maintaining quality public services while addressing inflation and infrastructure needs.

This means most homeowners will see a small rise in their total annual property tax bill, depending on their property’s assessed value as determined by the Municipal Property Assessment Corporation (MPAC).

💰 How Property Taxes Are Calculated in Markham

Your 2025 Markham property tax bill is based on three main components:

1. Municipal Tax (City of Markham) - Funds local services like roads, parks, and emergency response.

2. Regional Tax (York Region) - Supports hospitals, transit, and regional infrastructure.

3. Education Tax (Province of Ontario) - Funds local schools.

💡 Example:
If your home is assessed at $1,000,000, and the combined tax rate (municipal + regional + education) is roughly 0.67%, your 2025 property tax bill would be approximately $6,700 annually.

📅 Markham Property Tax Due Dates for 2025

The City of Markham typically issues two property tax bills per year an Interim Bill and a Final Bill.

🗓 Interim Property Tax Bill 2025

• Issued: January

• Installments Due: February and March

🗓 Final Property Tax Bill 2025

• Issued: May

• Installments Due: June and July

📌 Tip: Always review your bill for exact due dates, as they may vary slightly each year. Visit www.markham.ca/propertytaxes for official updates.

💳 How to Pay Your Markham Property Tax

The City of Markham offers several convenient payment options:

1. Pre-Authorized Payment Plan (PAP) - Automatic withdrawals on due dates.

2. Online Banking - Add “City of Markham Taxes” as a payee.

3. Mail or Drop Box - Send cheques to the City of Markham.

4. In-Person Payment - Pay directly at the Markham Civic Centre.

5. Through Your Mortgage - If your lender manages property tax on your behalf.

⚠️ Late Payment Penalty: A 1.25% penalty applies monthly to overdue balances, so timely payments are important.

📊 2025 Markham Property Tax Highlights

• Citywide tax increase: Approximately 2.99%

• Regional levy (York Region): Slight increase to support healthcare and transportation projects

• Education tax rate: Stable for most homeowners

• Digital billing: Homeowners can now opt for eBill notifications for faster, paperless access

These changes ensure that Markham continues to invest in public safety, sustainable development, and community growth maintaining its reputation as one of the best places to live in Ontario.

🏡 What This Means for Homebuyers and Sellers

Understanding Markham’s property tax system is essential when making real estate decisions.

If you’re buying a home, property taxes affect your long-term affordability and mortgage planning.
If you’re selling, potential buyers often evaluate neighborhoods based on total ownership costs, including taxes.

As the Top Realtor in Markham, Michael John Lau helps clients:
✅ Estimate property taxes across different Markham neighborhoods
✅ Understand how assessments affect resale value
✅ Strategically price homes for competitive advantage

📞 Work With Michael John Lau Markham’s Trusted Realtor

Whether you’re buying, selling, or investing in Markham, you deserve an expert who knows the market inside and out. Michael John Lau combines local market data, proven negotiation skills, and a client-first approach to help you achieve your real estate goals.

👉 Visit www.callmikelau.com to get started today.