The industrial tax rate is the property tax rate applied to industrial-classified properties—factories, manufacturing plants, warehouses, and similar facilities. Industrial rates are set separately from residential, commercial, and other property class rates, allowing municipalities to make policy choices about how tax burden is distributed across property types. Industrial tax rates may be higher than residential rates (industrial uses create demands on infrastructure and services), similar (neutral policy), or lower (incentive for industrial development and employment). Provincial legislation often sets parameters for how much industrial rates can differ from residential rates. Debates about appropriate industrial taxation involve trade-offs: higher rates generate revenue but may discourage industrial investment, while lower rates attract businesses but shift tax burden to other property owners. Industrial tax rate decisions should consider competitive positioning relative to other jurisdictions, local economic development goals, and overall tax burden distribution.