Markham

All dollar amounts on this page are in Canadian dollars.

City introduction

Markham is a lower-tier city in York Region, in the Greater Toronto Area. The City's own vision describes Markham as "the leading Canadian municipality", embracing technological innovation and celebrating diversity. Markham collects property taxes on behalf of York Region and the Province of Ontario for education, and retains roughly a quarter of the residential property taxes it collects; the City points to the lowest average tax rate increase in the GTA over the past 20 years as its fiscal record.

Source: City of Markham — City of Markham, A Markham Milestone: Budget 2025.

Combined chart

Markham property tax increase, Canada inflation, and Canadian dollar Real CEER, 2015–2026

Bars: City of Markham property tax rate annual increase (City portion).

Lines: Canada inflation (Canada CPI annual average, Statistics Canada) and Canadian dollar Real CEER (Bank of Canada). CEER is on the separate right axis and is not a percentage.

Bars — Markham property tax rate increase
Line — Canada inflation (Statistics Canada CPI annual average)
Line — Canadian dollar Real CEER — Bank of Canada, annual average of monthly values, total index (1999=100)

Scope notes

All figures are the municipal (lower-tier) portion only. The regional municipality's portion and the provincial education tax are set by those bodies, appear on the same bill, and are never part of this series or added to the municipal figure.

The City's published bill example for an average home (assessed at $822,671) — City $1,460.05, York Region $3,228.26, education $1,258.69, total $5,947.00 — shows the bill's composition; it is not an increase figure and is not charted. The 2025 increase of 3.88% is made up of 2.65% operations, 0.80% infrastructure investment and 0.43% Corporate Rate Stabilization payback; the 2026 increase of 3.90% is 2.59% operations and 0.90% infrastructure investment plus the final-year stabilization payback.

For 2020 the City's multi-year increase chart could not be tied reliably to a single year, and although the City publishes a cumulative 15.7% for 2019–2025, a single-year 2020 value is not derived from it — deriving one is exactly the kind of calculation this guide does not publish. Figures for 2020 or earlier years that appear in media reports are not official City figures and are not used, so 2015–2018 and 2020 are No data.

A year shown as “No data” has no bar for property tax and no line point for that series. A missing year breaks a line: no line segment crosses a gap, and no value is interpolated. Inflation for 2026 is not yet published as an annual average. Each Canadian dollar Real CEER value is the annual average of the 12 monthly total Real CEER values from the Bank of Canada (a computed annual average, not a figure the Bank publishes directly as an annual value). CEER is an index on a separate right axis and is not a percentage. CEER for 2026 is No data because the year is incomplete.

Data behind the chart

The data table below carries one row per year, in year order, with the tax increase, the inflation value and the CEER value for that year, or “No data” where a series has no verified figure.

Year	City of Markham property tax rate increase (City portion)	Canada inflation — Statistics Canada CPI annual average	Canadian dollar Real CEER — Bank of Canada, annual average of monthly values, total index (1999=100)
2015	No data	1.1%	110.0
2016	No data	1.4%	108.4
2017	No data	1.6%	110.0
2018	No data	2.3%	109.3
2019	1.97%	1.9%	108.6
2020	No data	0.7%	108.0

Year	City of Markham property tax rate increase (City portion)	Canada inflation — Statistics Canada CPI annual average	Canadian dollar Real CEER — Bank of Canada, annual average of monthly values, total index (1999=100)
2021	0% (verified)	3.4%	113.0
2022	1.95%	6.8%	113.0
2023	3%	3.9%	108.4
2024	2.99%	2.4%	107.6
2025	3.88%	2.1%	104.9
2026	3.90%	No data	No data

Sources for this chart:

City of Markham property tax increase, 2019: City of Markham, media release "Markham's 2019 Budget Delivers Value for Taxpayers" (City media release PDF, City file store hosted on the City's museum site)
City of Markham property tax increase, 2021: City of Markham, City of Markham 2026 Budget (budget book)
City of Markham property tax increase, 2022: City of Markham, "Keeping taxes low and investing in a safe and sustainable recovery"
City of Markham property tax increase, 2023: City of Markham, "Fiscally responsible budget invests in excellent City of Markham services"
City of Markham property tax increase, 2024: City of Markham, 2024 Final Tax Brochure
City of Markham property tax increase, 2025: City of Markham, A Markham Milestone: Budget 2025
City of Markham property tax increase, 2026: City of Markham, "Markham adopts Budget 2026"
Canada inflation, 2015–2025: Statistics Canada, Table 18-10-0005-01, CPI annual average. The 2026 annual average is not yet published.
Canadian dollar Real CEER, 2015–2025: Bank of Canada, Valet series CEER_BROADM, total index (1999=100), source file; explainer, Canadian effective exchange rates. Each value is the annual average of the 12 monthly total Real CEER values (a computed annual average, not a figure the Bank publishes directly as an annual value). CEER for 2026 is No data because the year is incomplete.

Housing property-tax historical trend

The trend uses one measure only: the Council-adopted City of Markham property tax rate increase, on the City portion of the bill only. Each row is the figure for that year on that one measure. A year with no verified figure on that measure is shown as No data.

Year	Figure
2015	No data
2016	No data
2017	No data
2018	No data
2019	1.97%
2020	No data

Year	Figure
2021	0%
2022	1.95%
2023	3%
2024	2.99%
2025	3.88%
2026	3.90%

Separate note — tax rates, not the trend

This note is separate from the trend above and is not part of it. A residential tax rate per $1,000 of assessed value can move even when the levy increase is small, because the assessment base changes. Rate figures are therefore not used as the trend and are not mixed into the increase chart.

The City publishes residential tax rates as percentages of assessed value. Converted at rate × 10:

Year	City of Markham	York Region	Education	Total	Source
2024	$1.66 per $1,000	$3.62 per $1,000	$1.53 per $1,000	$6.80 per $1,000	City of Markham, 2024 Final Tax Brochure (published rates: City 0.165611%, York Region 0.361852%, Education 0.153000%, Total 0.680463%), https://www.markham.ca/sites/default/files/2024-07/Markham+2024+Final+Tax+Brochure.pdf
2026	$1.77 per $1,000	No data	No data	No data	City of Markham, Property Taxes – Frequently Asked Questions (published City residential rate 0.177477%), https://www.markham.ca/permits-licences-taxes/property-taxes/frequently-asked-questions

The Region and education columns are bill composition only and are not part of this page's increase calibre.

Method

This trend uses one metric only, every year: the Council-adopted City of Markham property tax rate increase, on the City portion of the bill only.

Where a city publishes an increase as components, the components are recorded in the scope notes; a total is used only where the city itself publishes it.

Canada inflation is Statistics Canada, Table 18-10-0005-01, CPI annual average. Canadian dollar Real CEER is Bank of Canada, Valet series CEER_BROADM, total index (1999=100); each value is the annual average of the 12 monthly total Real CEER values (a computed annual average, not a figure the Bank publishes directly as an annual value).

How to read this page

Bars are the Markham property tax rate increase. Lines are Canada inflation and Canadian dollar Real CEER.

The left axis is a percentage axis shared by the bars and the inflation line. The right axis is a separate index axis for Canadian dollar Real CEER only. CEER is an index and is not a percentage.

A year shown as “No data” has no bar for property tax and no line point for that series, and a missing year breaks a line. A verified 0% increase sits at the zero line and is marked “0% (verified)”.

Tax rates per $1,000 are separate from the trend and are not charted.

Sources

City of Markham introduction: City of Markham, A Markham Milestone: Budget 2025
City of Markham: City of Markham, media release "Markham's 2019 Budget Delivers Value for Taxpayers" (City media release PDF, City file store hosted on the City's museum site)
City of Markham: City of Markham, City of Markham 2026 Budget (budget book)
City of Markham: City of Markham, "Keeping taxes low and investing in a safe and sustainable recovery"
City of Markham: City of Markham, "Fiscally responsible budget invests in excellent City of Markham services"
City of Markham: City of Markham, 2024 Final Tax Brochure
City of Markham: City of Markham, A Markham Milestone: Budget 2025
City of Markham: City of Markham, "Markham adopts Budget 2026"
Statistics Canada, Table 18-10-0005-01: CPI annual average
Bank of Canada, Valet series CEER_BROADM: Real CEER source file

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This page is an independent guide. It is not a government site and it is not an official site. It is general information only and is not tax advice. Check the official City of Markham source before relying on a figure.