Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Toronto’s 2027 interim property tax instalments are due March 1, April 1 and May 3, 2027 on the regular and six-instalment plans, as recommended by the City’s Chief Financial Officer. The 11-instalment plan starts February 16, and the two-instalment plan’s interim payment is March 1. Final 2027 due dates are set after the 2027 budget, with bills mailed in May.
This guide is for Toronto homeowners, landlords and anyone buying or closing on a Toronto home in 2027 who wants every property tax date in one place. You get the 2027 interim instalment dates for each payment plan, when the final dates will be known, the other tax deadlines in 2027, and what to do if you are a new owner, as of November 2026.
When is Toronto property tax due in 2027?
Toronto bills property tax twice a year: an interim bill early in the year and a final bill in May. In a June 2026 report, the City’s Chief Financial Officer and Treasurer recommended these 2027 interim due dates:
| Payment plan | 2027 interim due dates | 2026 final due dates (for reference) |
|---|---|---|
| Regular instalments (no pre-authorized plan) | March 1, April 1, May 3 | July 2, August 4, September 1 |
| Pre-authorized: 6 instalments | March 1, April 1, May 3 | July 2, August 4, September 1 |
| Pre-authorized: 2 instalments | March 1 | July 2 |
| Pre-authorized: 11 instalments | February 16, March 15, April 15, May 17, June 15 | July 15, August 17, September 15, October 15, November 16, December 15 |
Source: City of Toronto, “Property Taxes: 2027 Interim Levy By-Law” report to Executive Committee (15 June 2026); City of Toronto, Property Tax Due Dates page (2026 dates).
The report asked Council to introduce the 2027 interim levy by-law at the new Council’s first meeting on 18 and 19 November 2026, effective 1 January 2027. The dates on your interim bill are the ones that count, so check them when it arrives. If a date ever differs from this table, follow the bill.
May 1, 2027 is a Saturday, which is why the third interim instalment falls on Monday, May 3.
When will the 2027 interim tax bills arrive?
According to the June 2026 report, interim bills for owners on the 11-instalment plan will be issued starting in mid-January 2027, and all other interim bills will be mailed by the end of January 2027. The City’s due dates page says interim bills are mailed in January and final bills in May.
If your bill has not arrived by early February, do not wait. Look up your account in the City’s Property Tax Lookup or call 311, because late charges apply from the due date.
How much will your 2027 interim tax bill be?
The interim bill is not based on the 2027 tax rate, which is not set yet. The report recommends that the 2027 interim levy be 50% of your total 2026 taxes, adjusted if your property had assessment added part-way through 2026, for example from an addition or new construction. In that case, the City calculates half of what a full year of the higher tax would have been.
A simple illustration: if your 2026 taxes totalled $6,000, your 2027 interim bill would be about $3,000. On the regular plan, that is roughly $1,000 on each of March 1, April 1 and May 3. On the 11-instalment plan, it is spread over five payments from February to June.
The City expects the 2027 interim levy to raise about $4.23 billion, of which $3.13 billion is the City’s share and $1.10 billion is the education share.
When will the 2027 final due dates and tax rates be set?
The final bill uses the 2027 tax rates that Council sets in the 2027 budget, minus what you paid on the interim bill. The interim levy covers the City’s cash needs until the 2027 operating budget and final levy are approved. Final bills are mailed in May.
The 2027 final due dates are not published yet. For 2026, they were July 2, August 4 and September 1 on the regular plan. Do not plan around those dates for 2027 until your final bill arrives. For what the 2027 rate could mean for your bill, see my guide to average property tax in Toronto for 2027.
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Should you switch to a pre-authorized plan for 2027?
The City’s Pre-Authorized Tax Payment (PTP) program takes payments from your bank account on the plan dates. Key rules:
- Owners can enrol at any time, online through the Property Tax Lookup or with a paper form. Keep paying the normal way until the City confirms you are enrolled.
- Your schedule may vary depending on when you enrol, and the current year’s taxes are scheduled to be paid in full within the same calendar year.
- To change your bank account or plan, send the form at least 15 days before your next withdrawal.
- Supplementary and omitted tax bills, the Vacant Home Tax and some other charges cannot be paid through PTP. If you leave them unpaid, you can be moved back to the regular six-instalment plan.
- You are removed from the program if a payment does not clear, if there is an unpaid balance, or if the property changes ownership.
The 11-instalment plan is the closest to monthly. The two-instalment plan suits owners who prefer two lump sums. My guide to paying Toronto property tax covers online banking payees and other payment methods.
What other Toronto tax deadlines fall in 2027?
- April 30, 2027: deadline to declare your property’s 2026 occupancy status for the Vacant Home Tax. If you do not declare, the City treats the property as vacant and bills the tax, which is 3% of the property’s current value assessment.
- April 2027: Final Notices go out for accounts with a 2026 balance. Owners have 21 days to pay, and accounts with $100 or more owing from the previous year go to a bailiff at the beginning of May.
- November 2027: Final Notices go out for accounts with a current-year balance; those accounts go to a bailiff at the start of January 2028.
The City says a false Vacant Home Tax declaration, or failing to provide requested information, can lead to a fine of up to $10,000 plus any tax owing. More on that in my Vacant Home Tax guide.
What happens if you miss a 2027 due date?
Toronto adds a late payment charge of 1.25% of the overdue amount on the first day of default, and another 1.25% on the first day of each month after that, for as long as it stays unpaid. The City says these charges cannot be waived or changed, and payments go to the oldest balance first.
Example: miss a $1,000 instalment on March 1 and $12.50 is added that day. If it is still unpaid on April 1, another $12.50 is added. Fees can also be added for statements and notices.
If you buy a Toronto home, the City says late charges still apply even if you did not know an instalment was coming. A sale also removes the property from the pre-authorized plan, so the new owner must enrol again. Ask your lawyer for the tax certificate and the next due date, check the property tax line on your Statement of Adjustments, and update the roll number in your online banking before you pay.
Buying or selling a Toronto home in 2027: who pays which instalment?
On closing, the year’s property tax is split between buyer and seller on the Statement of Adjustments, based on the closing date and what the seller has already paid. The City tells new owners to check that statement or ask their lawyer to see what is owed for the year.
After closing, the City updates ownership from a lawyer’s letter with the old and new owners’ names and the closing date, then mails a Property Tax Account Statement that includes an ownership change fee. For a closing in early 2027, watch the March 1 and April 1 instalments carefully, because the interim bill may still be addressed to the seller. My post on property tax clauses explains how the split works in the agreement.
Moving into a new build in Toronto in 2027?
New homes work differently. The City says owners of newly built properties can only make payments to their tax account once a final tax bill is received, which happens after the City gets the assessment from MPAC and occupancy has taken place. New-build owners may receive supplementary or omitted tax bills, which cannot be paid through the pre-authorized plan. If you receive one, mailing address changes for a new property must be done by mail or in person, not online.
For new condos, the monthly occupancy fee during interim occupancy can include an estimate of property tax. Under the Condominium Act, the builder must refund any overpayment of that tax portion, and can ask you for the difference if it was too low.
For most of my Toronto clients, the 11-instalment plan is the easiest way to never miss a date, but it starts on February 16, two weeks earlier than the regular plan. If you are closing on a new build, set money aside every month from the day you move in, because the first tax bill can come later and larger than people expect. And put April 30 in your calendar for the Vacant Home Tax declaration, even if you live in the home.
What to do next
- Add March 1, April 1 and May 3, 2027 to your calendar (or February 16 onward for the 11-instalment plan), then confirm them on your interim bill.
- Set aside about half of your 2026 tax total for the interim bill.
- Enrol in or change your pre-authorized plan at least 15 days before your next withdrawal.
- Declare your 2026 Vacant Home Tax status by April 30, 2027.
- If you are buying, ask your lawyer for the tax certificate and re-enrol in pre-authorized payments after closing.
Need help with this? Talk to me.
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty, and I’m the best agent to do this kind of work for you in Toronto and across the GTA. Over $100 million in GTA sales and 100+ families helped sell. Feel free to contact me any time: call or text 833-330-1925 or email [email protected].
Frequently asked questions
When is property tax due in Toronto in 2027?
The 2027 interim instalments are due March 1, April 1 and May 3, 2027 for owners on the regular or six-instalment plan, based on the City’s June 2026 interim levy report. Final 2027 due dates are set after Council approves the 2027 budget, with final bills mailed in May. Always confirm the dates printed on your bill.
What are the Toronto 11-instalment property tax dates for 2027?
For the 2027 interim bill, the 11-instalment pre-authorized plan withdrawals are recommended for February 16, March 15, April 15, May 17 and June 15, 2027. The remaining six withdrawals for the final bill will be set later in 2027. In 2026, those final-bill withdrawals ran from July 15 to December 15.
When do Toronto 2027 interim property tax bills come out?
Interim bills for owners on the 11-instalment plan are to be issued from mid-January 2027, and all other interim bills are to be mailed by the end of January 2027, according to the City’s June 2026 report. If yours has not arrived by early February, check the Property Tax Lookup or call 311.
How is the Toronto 2027 interim tax bill calculated?
It is 50% of your total 2026 property taxes, as recommended for the 2027 interim levy. If assessment was added to your property during 2026, such as from new construction, the City bases it on half of a full year at the higher amount. The 2027 tax rate only applies on the final bill.
What is the late payment penalty for Toronto property tax in 2027?
Toronto charges 1.25% of the overdue amount on the first day of default and another 1.25% on the first day of each following month while it remains unpaid. The City says these charges cannot be waived or altered. On a missed $1,000 instalment, that is $12.50 each month.
When is the Toronto Vacant Home Tax declaration due in 2027?
You must declare your property’s 2026 occupancy status by April 30, 2027. If you do not declare, the City treats the property as vacant and issues a Vacant Home Tax bill at 3% of its current value assessment. You can dispute it with a Notice of Complaint, but declaring on time avoids the problem.
When will Toronto set its 2027 property tax rate?
The 2027 rate will be set when City Council approves the 2027 budget and final tax levy, after the new Council takes office in November 2026. Until then, your interim bill uses half of your 2026 taxes. The final bill, mailed in May, applies the 2027 rate and subtracts what you already paid.
When do I start paying property tax on a new build in Toronto?
The City says owners of newly built homes can only pay their tax account once a final tax bill is received, after MPAC sends the assessment and occupancy has taken place. Supplementary or omitted bills cannot be paid through the pre-authorized plan. Set money aside from the day you move in.
Does selling my Toronto home cancel my pre-authorized tax payments?
Yes. The City removes a property from the pre-authorized tax payment program when an ownership change is recorded. The new owner must enrol again and should keep paying by another method until enrolment is confirmed. The year’s taxes are split between buyer and seller on the Statement of Adjustments at closing.
Sources
- City of Toronto: Property Taxes: 2027 Interim Levy By-Law (report, 15 June 2026)
- City of Toronto: Property Tax Due Dates
- City of Toronto: Pre-Authorized Tax Payment (PTP) Program
- City of Toronto: Late Tax Bill Payments
- City of Toronto: Buying, Selling or Moving (property tax and utilities)
- City of Toronto: Vacant Home Tax
- Condominium Act, 1998 (Ontario e-Laws)
Related reading
- Average Property Tax in Toronto for 2027: Per Year, Per Month, by Home Value
- Toronto Property Tax Due Dates and Payment Options Explained
- GTA Property Tax Rates Compared: Toronto, Mississauga, Brampton, Vaughan and More
- Property Tax on Vacant Land in Ontario: How It Works
About the author — Jatin Dua, Toronto and GTA real estate broker
I am Jatin Dua, Broker of Record and co-founder of RE/MAX Quantum Realty Inc., Brokerage, Unit 101, 799 The Queensway, Toronto. I work with buyers and sellers across Toronto and the GTA and have helped more than 100 families sell. Four-plus years of active GTA transactions and over $100 million in sales volume.
Reach me at [email protected] or 833-330-1925, or book a call.
More from the library
- Reverse Mortgage Ontario: How It Works, Costs and Alternatives (2026)
- Mississauga Property Tax 2027: Rate, Average Bill and Due Dates
- Capital Gains Tax on Selling a House in Canada (2027)
- The $80,000 rebate on a new Caledon or Brampton home — and the 31 March 2027 deadline
- Top 5 Condo Buildings to Rent in Leslie and Sheppard, North York, Toronto (2026)
- Bloor Walk Residences, 99 Hayden St: A 69-Suite Mid-Rise Near Church
How this estimate is produced
The estimate blends recent selling prices for comparable units in the area with the details you entered: size, bedrooms, floor, exposure, parking, locker and condition. It is a statistical estimate, not an appraisal and not a formal opinion of value.
What it cannot see
- Interior condition and upgrades beyond what you told it
- Unit-specific issues: noise, an obstructed view, a pending special assessment
- Your reserve fund and where the maintenance fee is heading
- What is competing with you in your own building right now
What moves the number most
- Floor and exposure, which can separate otherwise identical units
- Parking and locker, each priced separately by buyers
- Kitchen and bathroom condition
- Maintenance fee per square foot against the rest of the building
Treat it as a range, not a price
A single figure to the dollar would be false precision. Use the estimate to decide whether a move is worth exploring. Before you price anything for the market, the number needs checking against what is actually selling and sitting in your building this month, and that takes a person. I will do that for you at no cost and with no obligation.
Market data is sourced from the Toronto Regional Real Estate Board. Information is deemed reliable but is not guaranteed. This tool does not provide an appraisal or a formal opinion of value, and it is not a substitute for advice on your specific property. Jatin Dua, Broker of Record, RE/MAX Quantum Realty.
