Taxes are calculated based on your property assessment as determined by the Municipal Property Assessment Corporation (MPAC). To establish your property's assessed values MPAC uses a system called Current Value Assessment or CVA. It analyzes sales of comparable properties in the area.
As an example, here's how your tax bill is divided for an average home in Cobourg.
An average assessed value for a home in Cobourg for 2022 is $275,700 which results in a property tax bill of $4,114 which is distributed as follows:
$2,336 goes to Cobourg
$1,357 goes to Northumberland County
$421 goes to pay for education
The 2022 residential tax rates are as follows:
Your Cobourg tax rate is: 0.0084929
Your Northumberland County tax rate is: 0.0049339
Your Education tax rate is: 0.0015300
Combined Tax: 0.0149568
For more detailed information please view our 2022 Tax Information Brochure.
For information on previous years tax information please see the following brochures: