Cavan Monaghan property tax rate 2024

Cavan Monaghan in short

$6,538 a year on a $500,000 home: $3,750 to Cavan Monaghan council, $2,024 to Peterborough County and $765 to schools.
Up 0.16 points since 2019, or $820 a year more on a $500,000 home.
Rent $1,190 a month, home value $700,000 in the 2021 Census, against an Ontario middle of $980 and $400,000.

Cavan Monaghan has not filed 2025 with the province yet, so this page uses 2024, the newest year it has filed. Every municipality is compared at its newest filed rate: 283 of the 414 have filed 2025.

Who sets the rate

Three bodies set Cavan Monaghan's rate: Cavan Monaghan council at 0.75%, Peterborough County at 0.40%, and the Province of Ontario for schools. The county portion is 31% of the bill, set by a council you vote for separately.

$3,750$2,024$765

Portion	Rate	On $500,000	Share
MunicipalCavan Monaghan council	0.75%	$3,750	57%
County or regionPeterborough County	0.40%	$2,024	31%
EducationProvince of Ontario	0.15%	$765	12%
Total	1.31%	$6,538	100%

Each rate is rounded to two decimals, so the parts can add up to 0.01 off the total.

How the rate has changed, 2019–2024

Up every year since 2019. Since 2019 the total rate here has risen by 0.16 percentage points, from 1.14% to 1.31%. On a $500,000 home that is $820 a year more than in 2019.

20191.14%$5,718
20201.16%$5,802
20211.17%$5,871
20221.20%$6,013
20231.24%$6,192
20241.31%$6,538

Total residential rate, with the tax on a $500,000 home underneath.

Each part of the rate, year by year

Over the same years the residential assessment base moved from $1,132M to $1,330M, and the residential levy collected went from $12M to $17M. A rate rising while the base also grows means the budget grew faster than property values; a rate falling while the base grows usually means the opposite. Assessment is the figure on the MPAC notice, still based on 2016 values province-wide.

Year	Municipal	County or region	Education	Total	Change	On $500,000
2019	0.66%	0.32%	0.16%	1.14%	—	$5,718
2020	0.68%	0.33%	0.15%	1.16%	+0.02 pts	$5,802
2021	0.69%	0.34%	0.15%	1.17%	+0.01 pts	$5,871
2022	0.70%	0.34%	0.15%	1.20%	+0.03 pts	$6,013
2023	0.73%	0.36%	0.15%	1.24%	+0.04 pts	$6,192
2024	0.75%	0.40%	0.15%	1.31%	+0.07 pts	$6,538

Why are Cavan Monaghan property taxes so high?

They are not, measured against the rest of the province. Cavan Monaghan's total rate of 1.31% sits close to the Ontario middle of 1.40%: lower than 62% of 414 municipalities. A bill can still feel high when the assessment is high, because the rate is only half of the calculation.

Home values

Homes here are assessed at $374,163 per household, 36% more than the middle ($274,250). Higher values let it raise the same money per household at a lower rate.

Spending

It spends $4,422 per household, about the same as the middle ($4,313). It spends more on running the municipality (+$275), police (+$80) and libraries (+$49), and less on water and wastewater (−$189) and garbage and recycling (−$66).

← Less than the middleMore than the middle →
Running the municipality+$275
Police+$80
Libraries+$49
Water and wastewater−$189
Garbage and recycling−$66

What it costs to live in Cavan Monaghan

Cost	Cavan Monaghan	Ontario middle
Rent, per monthmedian, 2021	$1,190Higher than 81% of 354	$980
Home valueowners’ estimate, 2021	$700,000Higher than 85% of 412	$400,000
Property tax on a $500,000 assessment2024	$6,538Lower than 62% of 414	$6,992
Households spending 30% or more on housingshare of income, 2021	13.7%Lower than 59% of 400	15.0%
Household incomemedian, before tax, 2020	$110,000Higher than 90% of 405	$84,000

Ontario has no official cost-of-living index for single towns. Statistics Canada’s consumer price index covers only Toronto, Ottawa and Thunder Bay here, and it measures change over time, not the gap between places. These are the costs published for each municipality: what renters paid and owners estimated in the 2021 Census, not today’s asking rents or sale prices.

Places like Cavan Monaghan

The 5 places closest to Cavan Monaghan on total tax rate, assessment / household, spending per household, population, 5-year growth, people per household, among towns inside a county or region.

Place	Newest rate	On $500,000
Russell	1.25%	$6,240
Cavan Monaghan this page	1.31%	$6,538
Middlesex Centre	1.31%	$6,553
Lakeshore2024 rate	1.38%	$6,882
Wellington North	1.43%	$7,133
Shelburne	1.44%	$7,209

Others in Peterborough County

Municipalities that share Cavan Monaghan's county or district. Rates compare most cleanly between places whose assessments sit at similar levels.

Municipality	Rate	On $500,000	vs Cavan Monaghan
Selwyn	0.87%	$4,343	−$2,196
North Kawartha2023 rate	0.89%	$4,428	−$2,110
Trent Lakes	1.01%	$5,055	−$1,483
Douro-Dummer	1.05%	$5,263	−$1,275
Havelock-Belmont-Methuen2024 rate	1.08%	$5,416	−$1,122
Otonabee-South Monaghan	1.26%	$6,289	−$250
Asphodel-Norwood	1.40%	$6,992	+$454
Peterborough	1.77%	$8,846	+$2,307

All 414 Ontario municipalities in one table

More on Cavan Monaghan

All 7 property classes, 2024

Residential is one of 7 classes Cavan Monaghan reported this year. The tax ratio is the multiple applied to the residential rate: a ratio of 1.7 on multi-residential means an apartment building pays 1.7× what a house pays on the same assessed value.

Class	Tax ratio	Municipal	County or region	Education	Total
Industrial	1.5432000000000001	1.16%	0.62%	0.88%	2.66%
Commercial	1.0986	0.82%	0.44%	0.88%	2.15%
Pipeline	0.9386	0.70%	0.38%	0.88%	1.96%
Multi-Residential	1.1949	0.90%	0.48%	0.15%	1.53%
Residential	1	0.75%	0.40%	0.15%	1.31%
Farmland	0.25	0.19%	0.10%	0.04%	0.33%
Managed Forest	0.25	0.19%	0.10%	0.04%	0.33%

Sources and method

Tax rates and spending come from the Financial Information Return that Cavan Monaghan files with the Province of Ontario; population, rents and home values from Statistics Canada.

Every source, the method and the limits

Tax rates: Ontario Financial Information Return (FIR), 22 GPL — Municipal and School Board Taxation. Ministry of Municipal Affairs and Housing, Municipal Act s.294(1). Years 2019, 2020, 2021, 2022, 2023, 2024; retrieved 2026-10-11. Download the file
Spending, households: Financial Information Return Schedule 40 (consolidated expenses by function) and Schedule 02 (households and population).
Population: Adapted from Statistics Canada, Table 17-10-0155-01, Population estimates, July 1, by census subdivision. This does not constitute an endorsement by Statistics Canada of this product. Statistics Canada Open Licence.
Rent, home value, income: Adapted from Statistics Canada, Census Profile, 2021 Census of Population. This does not constitute an endorsement by Statistics Canada of this product. Statistics Canada Open Licence. Rent is the median monthly shelter cost of renter households (rent plus any utilities they pay). The Ontario middle is the median across the municipalities with a published figure.
Method: Dollar figures are the rate times $500,000 of assessed value. Standing compares Cavan Monaghan's 2024 total residential rate with all 414 Ontario municipalities: 257 of the other 413 charge more. The five colours split them into fifths.
Municipality ID: MunID 15012, MAH 66617
Limits: These are the figures Cavan Monaghan filed with the province. An individual bill can include area-specific charges and local improvement levies that a municipality-wide rate does not capture. Reference, not tax advice.

Cavan Monaghan property tax rate, 2024

Lower than 62% of the 414 Ontario municipalities