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Your property taxes
A complex, and sometimes confusing system, property taxes provide municipalities with the dollars they need to deliver the programs and services residents depend on each day. The property tax system is based on the age-old practice of collecting taxes based on property values. Here's how it works.
The process begins by determining each property's assessed value. The Municipal Property Assessment Corporation (MPAC) does this for the entire province of Ontario. Each property is assessed at its market value. The same house could have two totally different market values in two different towns. Property values are then supplied to municipalities on annual assessment rolls. Municipalities complete the process by applying the appropriate tax rate to the assessed value of the property. Tax rates are determined annually in each municipality, and differ between the various tax classes (i.e. residential, industrial, commercial, etc.).
Even though municipalities collect taxes on behalf of the Province, they only keep one portion for themselves. Some of your taxes are used directly for community programs and some are put aside for the Province either for education or for provincially mandated programs such as welfare, social assistance and affordable housing. If you have any questions about your municipal property taxes, please contact the Town of Cobalt at 705-679-8877 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it. .
On the other hand, if you have questions about your property assessment, please contact MPAC at:
- Phone.: 1-866-296-6722
- Fax: 1-866-297-6703
- Website: mpac.ca
- E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
How property tax bills are calculated
Property taxes are calculated by multiplying the assessed value of the property by the applicable tax rate for the specific tax class. In addition, special area charges for specific services may apply.
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Single unit dwelling |
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$ 80,000 |
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Municipal Rate |
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Municipal Property |
$ 1,622.08** |
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$ 80,000 |
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Education Rate |
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Education Property |
$ 184.80 |
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Total Property Taxes : $1806.88 |
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Other charges such as policing, street lights and garbage collection are charged separately and added to the tax bill ($ 376.00) These are evenly distributed throughout the municipality.
Water and sewer capital and operating are charged $156.85 quarterly per residential unit. This will vary for multi-unit dwellings. Please note that, if applicable, other charges such as local improvements, municipal drains or business area improvement charges might be added to your tax bills. These would be determined by Council through the budget process.