In Toronto it is based on assessed value. You get a letter each year with a fairly conservative estimate of the value of your home, and your tax is a flat perce

In Toronto it is based on assessed value. You get a letter each year with a fairly conservative estimate of the value of your home, and your tax is a flat percentage based on the line item in the budget (city, education and transit). Calculator: http://wx.toronto.ca/inter/fin/tax.nsf/tax?openform http://wx.toronto.ca/inter/fin/tax.nsf/tax?openform