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 2023 is $277,200 which results in a property tax bill of $4,146 which is distributed as follows:
$2,354 goes to Cobourg
$1,368 goes to Northumberland County
$424 goes to pay for education
The 2023 residential tax rates are as follows:
Your Cobourg tax rate is: 0.0090933
Your Northumberland County tax rate is: 0.0052398000
Your Education tax rate is: 0.00153000
Combined Tax: 0.0158631
For more detailed information please view our 2023 Tax Information Brochure.
For information on previous years tax information please see the following brochures: