The difference between the Rural and Village rates is due to the cost of police services. Peterborough Police (Lakefield wards - 030) versus OPP (Ennismore and Smith wards).
2025 Tax Rates
Assessment Class Code | Description | Rural | Village |
RT/MT/NT | Residential/New Multi Res/Multi Residential | 0.942840% | 1.041352% |
FT/TT | Farmland/Managed Forest | 0.235710% | 0.260338% |
CT/XT/ST | Commercial/Shopping Centre | 1.747719% | 1.855944% |
C7 | Commercial small on-farm | 1.087719% | n/a |
CU/CX/SU | Comm./Shopping Vacant/Excess | 1.487403% | 1.563160% |
IT | Industrial/New Industrial | 2.098882% | 2.250906% |
IU/IX | Industrial/New Industrial Vacant/Excess | 1.672273% | 1.771088% |
VT | Aggregate Extraction | 1.502808% | n/a |
PT | Pipeline | 1.621344% | 1.713808% |
How Property Tax is Calculated
The amount of tax payable on your property is the result of a calculation based on four factors:
- The assessed value of your property (set by the Municipal Property Assessment Corporation)
- The type of property you own (tax class)
- The tax rate for your property (set annually by Township and County Council)
- The education tax rate for your property (set annually by the Province on Ontario)
Note: The minimum tax bill per year is $25.00
Property taxes are calculated by multiplying the Current Value Assessment of your property by the combined Township, County and education tax rates.
If the property is located in Woodland Acres, you will also need to add on the annual charges for water and wastewater.
To determine the assessment value for a property, use the Property Search through Virtual Town Hall.