Parry Sound property tax rate 2024

Parry Sound in short

$8,621 a year on a $500,000 home: $7,856 to Parry Sound council and $765 to schools.
Up 0.21 points since 2019, or $1,060 a year more on a $500,000 home.
Rent $1,010 a month, home value $360,000 in the 2021 Census, against an Ontario middle of $980 and $400,000.

Parry Sound 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

Two bodies set Parry Sound's rate: Parry Sound council and the Province of Ontario, for schools. Parry Sound has no county above it, so there is no county or region portion: its own rate of 1.57% already pays for services that a county would run elsewhere. That is also why comparing Parry Sound's municipal rate directly against a township's understates what the township actually pays.

$7,856$765

Portion	Rate	On $500,000	Share
MunicipalParry Sound council	1.57%	$7,856	91%
County or regionNone in Parry Sound	0.00%	$0	0%
EducationProvince of Ontario	0.15%	$765	9%
Total	1.72%	$8,621	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 0.21 percentage points, from 1.51% to 1.72%. On a $500,000 home that is $1,060 a year more than in 2019.

20191.51%$7,561
20201.54%$7,692
20211.57%$7,871
20221.62%$8,081
20231.67%$8,348
20241.72%$8,621

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 $535M to $585M, and the residential levy collected went from $8M to $10M. 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	1.35%	—	0.16%	1.51%	—	$7,561
2020	1.39%	—	0.15%	1.54%	+0.03 pts	$7,692
2021	1.42%	—	0.15%	1.57%	+0.04 pts	$7,871
2022	1.46%	—	0.15%	1.62%	+0.04 pts	$8,081
2023	1.52%	—	0.15%	1.67%	+0.05 pts	$8,348
2024	1.57%	—	0.15%	1.72%	+0.05 pts	$8,621

Why are Parry Sound property taxes so high?

Parry Sound's total rate of 1.72% is 0.33 percentage points above the provincial middle (1.40%). A rate that high usually means the assessment base is small relative to what the budget must cover: $585.1M of taxable residential value funds $10.1M in levy here.

Home values

Homes here are assessed at $182,829 per household, about the same as the middle ($183,474).

Spending

It spends $12,080 per household, 60% more than the middle ($7,558). It spends more on water and wastewater (+$487), police (+$258) and planning and development (+$149), and less on social and family services (−$209) and public transit (−$151).

← Less than the middleMore than the middle →
Water and wastewater+$487
Police+$258
Planning and development+$149
Social and family services−$209
Public transit−$151

What it costs to live in Parry Sound

Cost	Parry Sound	Ontario middle
Rent, per monthmedian, 2021	$1,010Higher than 58% of 354	$980
Home valueowners’ estimate, 2021	$360,000Lower than 60% of 412	$400,000
Property tax on a $500,000 assessment2024	$8,621Higher than 78% of 414	$6,992
Households spending 30% or more on housingshare of income, 2021	28.4%Higher than 99% of 400	15.0%
Household incomemedian, before tax, 2020	$62,000Lower than 94% 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 Parry Sound

The 5 places closest to Parry Sound on total tax rate, assessment / household, spending per household, population, 5-year growth, people per household, among places with no county above them.

Place	Newest rate	On $500,000
Greater Sudbury	1.46%	$7,287
Stratford2023 rate	1.51%	$7,528
Thunder Bay2024 rate	1.60%	$8,008
St Thomas	1.72%	$8,610
Parry Sound this page	1.72%	$8,621
Peterborough	1.77%	$8,846

Others in Parry Sound District

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

Municipality	Rate	On $500,000	vs Parry Sound
The Archipelago	0.41%	$2,051	−$6,571
Seguin	0.59%	$2,926	−$5,695
Whitestone2024 rate	0.72%	$3,614	−$5,007
Carling	0.74%	$3,712	−$4,909
McKellar	0.78%	$3,903	−$4,718
McDougall	0.83%	$4,149	−$4,473
Armour	0.96%	$4,804	−$3,818
Perry	0.97%	$4,839	−$3,783

All 414 Ontario municipalities in one table

More on Parry Sound

All 10 property classes, 2024

Residential is one of 10 classes Parry Sound 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
Commercial	1.664617	2.62%	—	0.85%	3.47%
Parking Lot	1.664617	2.62%	—	0.85%	3.47%
Shopping Centre	1.664617	2.62%	—	0.85%	3.47%
Industrial	1.516235	2.38%	—	0.65%	3.03%
Multi-Residential	1.514485	2.38%	—	0.15%	2.53%
Pipeline	0.884919	1.39%	—	0.88%	2.27%
New Multi-Residential	1	1.57%	—	0.15%	1.72%
Residential	1	1.57%	—	0.15%	1.72%
Farmland	0.25	0.39%	—	0.04%	0.43%
Managed Forest	0.25	0.39%	—	0.04%	0.43%

Sources and method

Tax rates and spending come from the Financial Information Return that Parry Sound 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 Parry Sound's 2024 total residential rate with all 414 Ontario municipalities: 91 of the other 413 charge more. The five colours split them into fifths.
Municipality ID: MunID 49032, MAH 86402
Limits: These are the figures Parry Sound 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.

Parry Sound property tax rate, 2024

Higher than 78% of the 414 Ontario municipalities