Cambridge Property Tax 2026 — Mill Rate 15.122 (1.5122%)

What is Cambridge's 2026 property tax rate?

Cambridge's 2026 residential mill rate is 15.122 mills, i.e. $15.122 of tax per $1,000 of assessed value (1.5122%, or 0.01512180 as a decimal). On a $800,000 home this works out to $12,097 per year, or roughly $1,008 per month if your lender holds the tax in escrow. Source: https://www.cambridge.ca/resident-services/taxes/, last verified 2026-10-17.

When are Cambridge property taxes due?

Cambridge's 2026 interim bill is due First working day of March and First working day of May. Cambridge's 2026 final bill is due First working day of July and First working day of September. Cambridge publishes its instalments as the first working days of the month rather than literal dates; interim billing is in late January and final billing in late May. A 1.25% penalty applies on the third day of default, with a further 1.25% added on the first day of each month until the bill is paid. Source: https://www.cambridge.ca/resident-services/taxes/, last verified 2026-10-17. Most lenders collect property tax monthly through PITI escrow rather than waiting for the city's due date.

How is my Cambridge home assessed?

Your tax is calculated as assessed value × mill rate, not market value × mill rate. Ontario uses a public assessment authority (BC Assessment, MPAC in Ontario, etc.) to set assessed values, usually updated every 1-4 years. Assessed value typically lags market value, so the same mill rate produces different effective burdens depending on assessment cycle timing.

Are Cambridge property taxes deductible on my income tax return?

Property tax on your principal residence is NOT deductible federally or provincially. It only becomes deductible when the property generates rental income (line 9180 on T776) or self-employed business income (CCA / business-use-of-home on T2125). For a principal residence, the tax is a non-deductible cost of ownership.

Why does Cambridge's mill rate differ from neighbouring cities?

Each Canadian municipality sets its own residential mill rate to fund local services — police, fire, transit, parks, road maintenance — plus a provincially-set education portion. Cities with higher assessed values can raise the same revenue at a lower mill rate (Vancouver, Toronto), while cities with lower assessed values often need higher rates to fund equivalent services. Compare Cambridge with other Ontario cities in the table above.