Richmond Hill Property Tax 2026 — Mill Rate 7.601 (0.7601%)

What is Richmond Hill's 2026 property tax rate?

Richmond Hill's 2026 residential mill rate is 7.601 mills, i.e. $7.601 of tax per $1,000 of assessed value (0.7601%, or 0.00760104 as a decimal). On a $1,280,000 home this works out to $9,729 per year, or roughly $811 per month if your lender holds the tax in escrow. Source: https://pub-richmondhill.escribemeetings.com/filestream.ashx?DocumentId=73469, last verified 2026-09-27.

When are Richmond Hill property taxes due?

Richmond Hill's 2026 interim bill was due March 2, 2026 and May 1, 2026. Richmond Hill's 2026 final bill was due August 4, 2026 and October 1, 2026. Interim dates set by By-law 145-25 ("A By-Law to levy for Taxes Prior to the Adoption of Budget Estimates", passed Nov 26, 2025), read at https://pub-richmondhill.escribemeetings.com/filestream.ashx?DocumentId=72084. Final dates from By-law 46-26 apply to Residential, Farmland, Managed Forest and Pipelines; Multi-residential, Commercial and Industrial final instalments fall October 1 and November 2, 2026 instead. Source: https://www.richmondhill.ca/en/living-here/Property-Tax-Billings.aspx, last verified 2026-08-27. Most lenders collect property tax monthly through PITI escrow rather than waiting for the city's due date.

How is my Richmond Hill 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 Richmond Hill 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 Richmond Hill'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 Richmond Hill with other Ontario cities in the table above.