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    <link:label id="lab_us-gaap_LongTermPurchaseCommitmentCategoryOfItemPurchasedDomain_0B11E89B6EE912BE555E2BEF4D3FE82A_label_en-US" xlink:label="lab_us-gaap_LongTermPurchaseCommitmentCategoryOfItemPurchasedDomain_0B11E89B6EE912BE555E2BEF4D3FE82A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Purchase Commitment, Category of Item Purchased [Domain]</link:label>
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    <link:label id="lab_tol_LandforApartmentDevelopmentPurchaseCommitmentMember_5C59DDC4DBE31C4707F32BEF4D3F8D44_terseLabel_en-US" xlink:label="lab_tol_LandforApartmentDevelopmentPurchaseCommitmentMember_5C59DDC4DBE31C4707F32BEF4D3F8D44" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Land for Apartment Development Purchase Commitment [Member]</link:label>
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    <link:label id="lab_tol_LandforApartmentDevelopmentPurchaseCommitmentMember_5C59DDC4DBE31C4707F32BEF4D3F8D44_documentation_en-US" xlink:label="lab_tol_LandforApartmentDevelopmentPurchaseCommitmentMember_5C59DDC4DBE31C4707F32BEF4D3F8D44" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Commitment to acquire land for apartment developments, which are nonbinding.</link:label>
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    <link:label id="lab_tol_LandDevelopmentJointVentureMember_CFF538507BFC2E7E24F92BEF4D3FBAA4_documentation_en-US" xlink:label="lab_tol_LandDevelopmentJointVentureMember_CFF538507BFC2E7E24F92BEF4D3FBAA4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Joint ventures to develop land including a) joint ventures to develop land for the sole use of the venture participants, and b) joint ventures to develop land for the use of venture participants and other unrelated builders.</link:label>
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    <link:label id="lab_us-gaap_LongTermPurchaseCommitmentLineItems_E2F5EEDA846C598383D42BEF4D3FCBCA_label_en-US" xlink:label="lab_us-gaap_LongTermPurchaseCommitmentLineItems_E2F5EEDA846C598383D42BEF4D3FCBCA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Purchase Commitment [Line Items]</link:label>
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    <link:label id="lab_tol_LoansPayableContractualMaturitiesTermMinimum_6F95E3877D50764EC9730631F389372F_documentation_en-US" xlink:label="lab_tol_LoansPayableContractualMaturitiesTermMinimum_80568DBB01395AB28710F333B649E0E6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The minimum maturity period (in months) for the Company's loans payable.</link:label>
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    <link:label id="lab_tol_LoansPayableContractualMaturitiesTermMaximum_05056157DDB1391FDF590631F389EFC5_terseLabel_en-US" xlink:label="lab_tol_LoansPayableContractualMaturitiesTermMaximum_8001629A13F75BCB9FD7EC0A6BFDFFB6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans Payable Contractual Maturities Term Maximum</link:label>
    <link:label id="lab_tol_LoansPayableContractualMaturitiesTermMaximum_05056157DDB1391FDF590631F389EFC5_label_en-US" xlink:label="lab_tol_LoansPayableContractualMaturitiesTermMaximum_8001629A13F75BCB9FD7EC0A6BFDFFB6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Payable Contractual Maturities Term Maximum</link:label>
    <link:label id="lab_tol_LoansPayableContractualMaturitiesTermMaximum_05056157DDB1391FDF590631F389EFC5_documentation_en-US" xlink:label="lab_tol_LoansPayableContractualMaturitiesTermMaximum_8001629A13F75BCB9FD7EC0A6BFDFFB6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The maximum maturity period (in years) for the Company's loans payable.</link:label>
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    <link:label id="lab_tol_OtherNonoperatingIncomeByComponentTable_09FB5D47459AF73442D40CD562CE5457_label_en-US" xlink:label="lab_tol_OtherNonoperatingIncomeByComponentTable_09FB5D47459AF73442D40CD562CE5457" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Nonoperating Income By Component [Table]</link:label>
    <link:label id="lab_tol_OtherNonoperatingIncomeByComponentTable_09FB5D47459AF73442D40CD562CE5457_documentation_en-US" xlink:label="lab_tol_OtherNonoperatingIncomeByComponentTable_09FB5D47459AF73442D40CD562CE5457" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosures about the components of other nonoperating income.</link:label>
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    <link:label id="lab_tol_HomeBuildingJointVentureMetroNewYorkThreeMember_DB61D150FA62B903CA7A0CD737CD27EF_documentation_en-US" xlink:label="lab_tol_HomeBuildingJointVentureMetroNewYorkThreeMember_DB61D150FA62B903CA7A0CD737CD27EF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Home Building Joint Venture with an unrelated party to complete the development of a high-rise luxury condominium project in the metro New York market [Member]</link:label>
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    <link:label id="lab_tol_OtherNonoperatingIncomeByComponentLineItems_B4C7314FBB3C91E04C570CD562CF9EF2_terseLabel_en-US" xlink:label="lab_tol_OtherNonoperatingIncomeByComponentLineItems_B4C7314FBB3C91E04C570CD562CF9EF2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Nonoperating Income By Component [Line Items]</link:label>
    <link:label id="lab_tol_OtherNonoperatingIncomeByComponentLineItems_B4C7314FBB3C91E04C570CD562CF9EF2_label_en-US" xlink:label="lab_tol_OtherNonoperatingIncomeByComponentLineItems_B4C7314FBB3C91E04C570CD562CF9EF2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Nonoperating Income By Component [Line Items]</link:label>
    <link:label id="lab_tol_OtherNonoperatingIncomeByComponentLineItems_B4C7314FBB3C91E04C570CD562CF9EF2_documentation_en-US" xlink:label="lab_tol_OtherNonoperatingIncomeByComponentLineItems_B4C7314FBB3C91E04C570CD562CF9EF2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">[Line Items] for Disclosures about the components of other nonoperating income.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_OtherNonoperatingIncomeByComponentLineItems" xlink:label="loc_tol_OtherNonoperatingIncomeByComponentLineItems_B4C7314FBB3C91E04C570CD562CF9EF2" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax_E99679F6437A0F7A0ADE0CD562DD8EE8_terseLabel_en-US" xlink:label="lab_us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax_E99679F6437A0F7A0ADE0CD562DD8EE8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue from Contract with Customer, Including Assessed Tax</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax_E99679F6437A0F7A0ADE0CD562DD8EE8" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CostOfGoodsAndServicesSold_D3029FD5FC5A567C91090CD70D26EB8B_terseLabel_en-US" xlink:label="lab_us-gaap_CostOfGoodsAndServicesSold_D3029FD5FC5A567C91090CD70D26EB8B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expense</link:label>
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    <link:label id="lab_us-gaap_DeferredRevenueRevenueRecognized1_23674C3EC2C4357A25610CD73792167D_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredRevenueRevenueRecognized1_23674C3EC2C4357A25610CD73792167D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Revenue, Revenue Recognized</link:label>
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    <link:label id="lab_tol_Landsalesearningsnet_AF0D7CC092DD1E08D49E0CD7DF456491_verboseLabel_en-US" xlink:label="lab_tol_Landsalesearningsnet_AF0D7CC092DD1E08D49E0CD7DF456491" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Land sales earnings, net</link:label>
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    <link:label id="lab_tol_Landsalesearningsnet_AF0D7CC092DD1E08D49E0CD7DF456491_documentation_en-US" xlink:label="lab_tol_Landsalesearningsnet_AF0D7CC092DD1E08D49E0CD7DF456491" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the excess (deficiency) of revenue from the sale of land over the cost to acquire, which is recognized in other nonoperating income.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_Landsalesearningsnet" xlink:label="loc_tol_Landsalesearningsnet_AF0D7CC092DD1E08D49E0CD7DF456491" xlink:type="locator" />
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    <link:label id="lab_tol_StockBasedBenefitPlansAbstract_B78FDAA706F6B2A26BF40631EE534841_label_en-US" xlink:label="lab_tol_StockBasedBenefitPlansAbstract_90D6171D7A475FE4B0E5C7F4165A2285" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock-Based Benefit Plans [Abstract]</link:label>
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    <link:label id="lab_tol_StockOptionExerciseMethodAxis_11A383DDDAB128408B050631EE55A0C8_terseLabel_en-US" xlink:label="lab_tol_StockOptionExerciseMethodAxis_72916588296F53D0B0D2DCBDE4DDCF9A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock option exercise method [Axis]</link:label>
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    <link:loc xlink:href="tol-20191031.xsd#tol_StockOptionExerciseMethodAxis" xlink:label="loc_tol_StockOptionExerciseMethodAxis_72916588296F53D0B0D2DCBDE4DDCF9A" xlink:type="locator" />
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    <link:loc xlink:href="tol-20191031.xsd#tol_StockOptionsMethodForExerciseDomain" xlink:label="loc_tol_StockOptionsMethodForExerciseDomain_B5D3B79E1CB25765844CACF3C4F29CF7" xlink:type="locator" />
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    <link:label id="lab_tol_NetExerciseMethodMember_374D1A7A76ADC4DBCBD80631EE5548CE_documentation_en-US" xlink:label="lab_tol_NetExerciseMethodMember_A2CE4EDF4D205EAD9A8A507797B4BF8D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net exercise method [Member]</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_NetExerciseMethodMember" xlink:label="loc_tol_NetExerciseMethodMember_A2CE4EDF4D205EAD9A8A507797B4BF8D" xlink:type="locator" />
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    <link:label id="lab_tol_CityLivingMember_45B89785FA1962A7F42E0631EFD9BEF0_terseLabel_en-US" xlink:label="lab_tol_CityLivingMember_679EA794E1085EFE8F561A8C68024EA5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">City Living [Member]</link:label>
    <link:label id="lab_tol_CityLivingMember_45B89785FA1962A7F42E0631EFD9BEF0_label_en-US" xlink:label="lab_tol_CityLivingMember_679EA794E1085EFE8F561A8C68024EA5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">City Living [Member]</link:label>
    <link:label id="lab_tol_CityLivingMember_45B89785FA1962A7F42E0631EFD9BEF0_documentation_en-US" xlink:label="lab_tol_CityLivingMember_679EA794E1085EFE8F561A8C68024EA5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">City Living [Member]</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_CityLivingMember" xlink:label="loc_tol_CityLivingMember_679EA794E1085EFE8F561A8C68024EA5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_CityLivingMember_679EA794E1085EFE8F561A8C68024EA5" xlink:to="lab_tol_CityLivingMember_679EA794E1085EFE8F561A8C68024EA5" xlink:type="arc" />
    <link:label id="lab_us-gaap_CorporateAndOtherMember_7A05CED1E4D1C13B2C400631EFD9FB2A_terseLabel_en-US" xlink:label="lab_us-gaap_CorporateAndOtherMember_8CD2D9C767A25027B9551D82ECD113BC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Corporate and other [Member]</link:label>
    <link:label id="lab_us-gaap_CorporateAndOtherMember_7A05CED1E4D1C13B2C400631EFD9FB2A_label_en-US" xlink:label="lab_us-gaap_CorporateAndOtherMember_8CD2D9C767A25027B9551D82ECD113BC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Corporate and Other [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CorporateAndOtherMember" xlink:label="loc_us-gaap_CorporateAndOtherMember_8CD2D9C767A25027B9551D82ECD113BC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CorporateAndOtherMember_8CD2D9C767A25027B9551D82ECD113BC" xlink:to="lab_us-gaap_CorporateAndOtherMember_8CD2D9C767A25027B9551D82ECD113BC" xlink:type="arc" />
    <link:label id="lab_tol_InventoryOperativeBuildersAxis_78ECCEDBCE8F2659C7D00631EFD906A4_terseLabel_en-US" xlink:label="lab_tol_InventoryOperativeBuildersAxis_0DA1D4EE608D5799A68BBD904000EE5F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Inventory Operative Builders [Axis]</link:label>
    <link:label id="lab_tol_InventoryOperativeBuildersAxis_78ECCEDBCE8F2659C7D00631EFD906A4_label_en-US" xlink:label="lab_tol_InventoryOperativeBuildersAxis_0DA1D4EE608D5799A68BBD904000EE5F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory Operative Builders [Axis]</link:label>
    <link:label id="lab_tol_InventoryOperativeBuildersAxis_78ECCEDBCE8F2659C7D00631EFD906A4_documentation_en-US" xlink:label="lab_tol_InventoryOperativeBuildersAxis_0DA1D4EE608D5799A68BBD904000EE5F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Inventory operative builders.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_InventoryOperativeBuildersAxis" xlink:label="loc_tol_InventoryOperativeBuildersAxis_0DA1D4EE608D5799A68BBD904000EE5F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_InventoryOperativeBuildersAxis_0DA1D4EE608D5799A68BBD904000EE5F" xlink:to="lab_tol_InventoryOperativeBuildersAxis_0DA1D4EE608D5799A68BBD904000EE5F" xlink:type="arc" />
    <link:label id="lab_tol_InventoryOperativeBuildersDomain_B65200187E143195DFDB0631EFDA2E9E_terseLabel_en-US" xlink:label="lab_tol_InventoryOperativeBuildersDomain_ABF0AC03F2F15AF98B06954522842688" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Inventory Operative Builders [Domain]</link:label>
    <link:label id="lab_tol_InventoryOperativeBuildersDomain_B65200187E143195DFDB0631EFDA2E9E_label_en-US" xlink:label="lab_tol_InventoryOperativeBuildersDomain_ABF0AC03F2F15AF98B06954522842688" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory Operative Builders [Domain]</link:label>
    <link:label id="lab_tol_InventoryOperativeBuildersDomain_B65200187E143195DFDB0631EFDA2E9E_documentation_en-US" xlink:label="lab_tol_InventoryOperativeBuildersDomain_ABF0AC03F2F15AF98B06954522842688" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Inventory operative builders.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_InventoryOperativeBuildersDomain" xlink:label="loc_tol_InventoryOperativeBuildersDomain_ABF0AC03F2F15AF98B06954522842688" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_InventoryOperativeBuildersDomain_ABF0AC03F2F15AF98B06954522842688" xlink:to="lab_tol_InventoryOperativeBuildersDomain_ABF0AC03F2F15AF98B06954522842688" xlink:type="arc" />
    <link:label id="lab_tol_LandControlledForFutureCommunitiesMember_6C0952B5C32B191A6DED0631EFDAEDF4_terseLabel_en-US" xlink:label="lab_tol_LandControlledForFutureCommunitiesMember_F0AB576B08BB541EBFB894BDD5413940" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Land controlled for future communities [Member]</link:label>
    <link:label id="lab_tol_LandControlledForFutureCommunitiesMember_6C0952B5C32B191A6DED0631EFDAEDF4_label_en-US" xlink:label="lab_tol_LandControlledForFutureCommunitiesMember_F0AB576B08BB541EBFB894BDD5413940" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Land controlled for future communities [Member]</link:label>
    <link:label id="lab_tol_LandControlledForFutureCommunitiesMember_6C0952B5C32B191A6DED0631EFDAEDF4_documentation_en-US" xlink:label="lab_tol_LandControlledForFutureCommunitiesMember_F0AB576B08BB541EBFB894BDD5413940" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Land controlled for future communities.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_LandControlledForFutureCommunitiesMember" xlink:label="loc_tol_LandControlledForFutureCommunitiesMember_F0AB576B08BB541EBFB894BDD5413940" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_LandControlledForFutureCommunitiesMember_F0AB576B08BB541EBFB894BDD5413940" xlink:to="lab_tol_LandControlledForFutureCommunitiesMember_F0AB576B08BB541EBFB894BDD5413940" xlink:type="arc" />
    <link:label id="lab_tol_LandOwnedforFutureCommunitiesMember_ADC998C717A39E8351A30631EFDA7DA3_terseLabel_en-US" xlink:label="lab_tol_LandOwnedforFutureCommunitiesMember_FB665070E1595A1FB52ADB4FFFA0F967" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Land Owned for Future Communities [Member]</link:label>
    <link:label id="lab_tol_LandOwnedforFutureCommunitiesMember_ADC998C717A39E8351A30631EFDA7DA3_label_en-US" xlink:label="lab_tol_LandOwnedforFutureCommunitiesMember_FB665070E1595A1FB52ADB4FFFA0F967" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Land Owned for Future Communities [Member]</link:label>
    <link:label id="lab_tol_LandOwnedforFutureCommunitiesMember_ADC998C717A39E8351A30631EFDA7DA3_documentation_en-US" xlink:label="lab_tol_LandOwnedforFutureCommunitiesMember_FB665070E1595A1FB52ADB4FFFA0F967" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Land owned for future communities include communities that were previously offering homes for sale but are temporarily closed due to business conditions that do not have any remaining backlog and are not expected to reopen within twelve months of the current period.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_LandOwnedforFutureCommunitiesMember" xlink:label="loc_tol_LandOwnedforFutureCommunitiesMember_FB665070E1595A1FB52ADB4FFFA0F967" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_LandOwnedforFutureCommunitiesMember_FB665070E1595A1FB52ADB4FFFA0F967" xlink:to="lab_tol_LandOwnedforFutureCommunitiesMember_FB665070E1595A1FB52ADB4FFFA0F967" xlink:type="arc" />
    <link:label id="lab_tol_OperatingcommunitiesMember_6EB36306BBFAB0520A810631EFDB80F9_terseLabel_en-US" xlink:label="lab_tol_OperatingcommunitiesMember_2DF0B7308CE15D41889F3A40F7E6630D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating communities [Member]</link:label>
    <link:label id="lab_tol_OperatingcommunitiesMember_6EB36306BBFAB0520A810631EFDB80F9_label_en-US" xlink:label="lab_tol_OperatingcommunitiesMember_2DF0B7308CE15D41889F3A40F7E6630D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating communities [Member]</link:label>
    <link:label id="lab_tol_OperatingcommunitiesMember_6EB36306BBFAB0520A810631EFDB80F9_documentation_en-US" xlink:label="lab_tol_OperatingcommunitiesMember_2DF0B7308CE15D41889F3A40F7E6630D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating communities include communities offering homes for sale; communities that have sold all available home sites but have not completed delivery of the homes; communities that were previously offering homes for sale but are temporarily closed due to business conditions or non-availability of improved home sites and that are expected to reopen within twelve months of the current period.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_OperatingcommunitiesMember" xlink:label="loc_tol_OperatingcommunitiesMember_2DF0B7308CE15D41889F3A40F7E6630D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_OperatingcommunitiesMember_2DF0B7308CE15D41889F3A40F7E6630D" xlink:to="lab_tol_OperatingcommunitiesMember_2DF0B7308CE15D41889F3A40F7E6630D" xlink:type="arc" />
    <link:label id="lab_tol_SegmentReportingInventoryImpairmentChargesAndCostsOfInventoryAndInvestmentsLineItems_88BCC61633354B3B7BD20631EFDB8993_terseLabel_en-US" xlink:label="lab_tol_SegmentReportingInventoryImpairmentChargesAndCostsOfInventoryAndInvestmentsLineItems_A24B7C1E71785FCB98BD766BD26B2481" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segment Reporting Inventory [Line Items]</link:label>
    <link:label id="lab_tol_SegmentReportingInventoryImpairmentChargesAndCostsOfInventoryAndInvestmentsLineItems_88BCC61633354B3B7BD20631EFDB8993_label_en-US" xlink:label="lab_tol_SegmentReportingInventoryImpairmentChargesAndCostsOfInventoryAndInvestmentsLineItems_A24B7C1E71785FCB98BD766BD26B2481" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment Reporting Inventory Impairment Charges and Costs of Inventory and Investments [Line Items]</link:label>
    <link:label id="lab_tol_SegmentReportingInventoryImpairmentChargesAndCostsOfInventoryAndInvestmentsLineItems_88BCC61633354B3B7BD20631EFDB8993_documentation_en-US" xlink:label="lab_tol_SegmentReportingInventoryImpairmentChargesAndCostsOfInventoryAndInvestmentsLineItems_A24B7C1E71785FCB98BD766BD26B2481" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Segment reporting inventory impairment charges and costs of inventory and investments.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_SegmentReportingInventoryImpairmentChargesAndCostsOfInventoryAndInvestmentsLineItems" xlink:label="loc_tol_SegmentReportingInventoryImpairmentChargesAndCostsOfInventoryAndInvestmentsLineItems_A24B7C1E71785FCB98BD766BD26B2481" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_SegmentReportingInventoryImpairmentChargesAndCostsOfInventoryAndInvestmentsLineItems_A24B7C1E71785FCB98BD766BD26B2481" xlink:to="lab_tol_SegmentReportingInventoryImpairmentChargesAndCostsOfInventoryAndInvestmentsLineItems_A24B7C1E71785FCB98BD766BD26B2481" xlink:type="arc" />
    <link:label id="lab_tol_InventoryImpairmentChargesAndCostsOfInventoryAndInvestmentsAbstract_020B22AE8D08DCB4888A0631EFDCB1C8_verboseLabel_en-US" xlink:label="lab_tol_InventoryImpairmentChargesAndCostsOfInventoryAndInvestmentsAbstract_4E463AE859B854E58DA74C6FB208E74C" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Inventory</link:label>
    <link:label id="lab_tol_InventoryImpairmentChargesAndCostsOfInventoryAndInvestmentsAbstract_020B22AE8D08DCB4888A0631EFDCB1C8_label_en-US" xlink:label="lab_tol_InventoryImpairmentChargesAndCostsOfInventoryAndInvestmentsAbstract_4E463AE859B854E58DA74C6FB208E74C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory Impairment Charges and Costs of Inventory and Investments [Abstract]</link:label>
    <link:label id="lab_tol_InventoryImpairmentChargesAndCostsOfInventoryAndInvestmentsAbstract_020B22AE8D08DCB4888A0631EFDCB1C8_documentation_en-US" xlink:label="lab_tol_InventoryImpairmentChargesAndCostsOfInventoryAndInvestmentsAbstract_4E463AE859B854E58DA74C6FB208E74C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Inventory impairment charges and costs of inventory and investments.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_InventoryImpairmentChargesAndCostsOfInventoryAndInvestmentsAbstract" xlink:label="loc_tol_InventoryImpairmentChargesAndCostsOfInventoryAndInvestmentsAbstract_4E463AE859B854E58DA74C6FB208E74C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_InventoryImpairmentChargesAndCostsOfInventoryAndInvestmentsAbstract_4E463AE859B854E58DA74C6FB208E74C" xlink:to="lab_tol_InventoryImpairmentChargesAndCostsOfInventoryAndInvestmentsAbstract_4E463AE859B854E58DA74C6FB208E74C" xlink:type="arc" />
    <link:label id="lab_tol_InventoryInAffiliatesSubsidiariesAssociatesAbstract_3635EE18118817BD01E30631EFDCE640_verboseLabel_en-US" xlink:label="lab_tol_InventoryInAffiliatesSubsidiariesAssociatesAbstract_E689F172E9EB5EB0AC685AF290E6D294" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Inventory</link:label>
    <link:label id="lab_tol_InventoryInAffiliatesSubsidiariesAssociatesAbstract_3635EE18118817BD01E30631EFDCE640_label_en-US" xlink:label="lab_tol_InventoryInAffiliatesSubsidiariesAssociatesAbstract_E689F172E9EB5EB0AC685AF290E6D294" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory in Affiliates Subsidiaries Associates [Abstract]</link:label>
    <link:label id="lab_tol_InventoryInAffiliatesSubsidiariesAssociatesAbstract_3635EE18118817BD01E30631EFDCE640_documentation_en-US" xlink:label="lab_tol_InventoryInAffiliatesSubsidiariesAssociatesAbstract_E689F172E9EB5EB0AC685AF290E6D294" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Inventory in affiliates subsidiaries associates.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_InventoryInAffiliatesSubsidiariesAssociatesAbstract" xlink:label="loc_tol_InventoryInAffiliatesSubsidiariesAssociatesAbstract_E689F172E9EB5EB0AC685AF290E6D294" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PayablesAndAccrualsAbstract_74659181872DA9D3C5470631ECA90BE7_label_en-US" xlink:label="lab_us-gaap_PayablesAndAccrualsAbstract_33FB5187FA9B559D9F2BDD61B5C46DFC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payables and Accruals [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PayablesAndAccrualsAbstract" xlink:label="loc_us-gaap_PayablesAndAccrualsAbstract_33FB5187FA9B559D9F2BDD61B5C46DFC" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrentAbstract_9680CEB358A13956EB8E0631ECA93822_verboseLabel_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrentAbstract_2EBB62F32C6C53EAB6269B171AB9A1BE" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accrued expenses</link:label>
    <link:label id="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrentAbstract_9680CEB358A13956EB8E0631ECA93822_label_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrentAbstract_2EBB62F32C6C53EAB6269B171AB9A1BE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Liabilities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAndNoncurrentAbstract" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrentAbstract_2EBB62F32C6C53EAB6269B171AB9A1BE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrentAbstract_2EBB62F32C6C53EAB6269B171AB9A1BE" xlink:to="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrentAbstract_2EBB62F32C6C53EAB6269B171AB9A1BE" xlink:type="arc" />
    <link:label id="lab_tol_LandLandDevelopmentAndConstructionRelatedLiabilitiesCurrentAndNoncurrent_029B04F95DDE1273A5A10631ECA9753E_verboseLabel_en-US" xlink:label="lab_tol_LandLandDevelopmentAndConstructionRelatedLiabilitiesCurrentAndNoncurrent_7389698CDE1A54BB918EB9302E8D61E4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Land, land development and construction</link:label>
    <link:label id="lab_tol_LandLandDevelopmentAndConstructionRelatedLiabilitiesCurrentAndNoncurrent_029B04F95DDE1273A5A10631ECA9753E_label_en-US" xlink:label="lab_tol_LandLandDevelopmentAndConstructionRelatedLiabilitiesCurrentAndNoncurrent_7389698CDE1A54BB918EB9302E8D61E4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Land Land Development and Construction Related Liabilities Current and Noncurrent</link:label>
    <link:label id="lab_tol_LandLandDevelopmentAndConstructionRelatedLiabilitiesCurrentAndNoncurrent_029B04F95DDE1273A5A10631ECA9753E_documentation_en-US" xlink:label="lab_tol_LandLandDevelopmentAndConstructionRelatedLiabilitiesCurrentAndNoncurrent_7389698CDE1A54BB918EB9302E8D61E4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Land, land development and construction related liabilities current and noncurrent.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_LandLandDevelopmentAndConstructionRelatedLiabilitiesCurrentAndNoncurrent" xlink:label="loc_tol_LandLandDevelopmentAndConstructionRelatedLiabilitiesCurrentAndNoncurrent_7389698CDE1A54BB918EB9302E8D61E4" xlink:type="locator" />
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    <link:label id="lab_tol_A3.80SeniorNotesDue2029Member_215997981D66F466B86B21C98132747D_label_en-US" xlink:label="lab_tol_A3.80SeniorNotesDue2029Member_215997981D66F466B86B21C98132747D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">3.80% Senior Notes Due 2029 [Member]</link:label>
    <link:label id="lab_tol_A3.80SeniorNotesDue2029Member_215997981D66F466B86B21C98132747D_documentation_en-US" xlink:label="lab_tol_A3.80SeniorNotesDue2029Member_215997981D66F466B86B21C98132747D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">3.80% Senior Notes Due 2029</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_A3.80SeniorNotesDue2029Member" xlink:label="loc_tol_A3.80SeniorNotesDue2029Member_215997981D66F466B86B21C98132747D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_A3.80SeniorNotesDue2029Member_215997981D66F466B86B21C98132747D" xlink:to="lab_tol_A3.80SeniorNotesDue2029Member_215997981D66F466B86B21C98132747D" xlink:type="arc" />
    <link:label id="lab_tol_FourpercentSeniorNotesduetwothousandandeighteenMember_307EE9CC15EDED045D8821C981322C2E_terseLabel_en-US" xlink:label="lab_tol_FourpercentSeniorNotesduetwothousandandeighteenMember_307EE9CC15EDED045D8821C981322C2E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">4.0% Senior Notes due 2018 [Member]</link:label>
    <link:label id="lab_tol_FourpercentSeniorNotesduetwothousandandeighteenMember_307EE9CC15EDED045D8821C981322C2E_label_en-US" xlink:label="lab_tol_FourpercentSeniorNotesduetwothousandandeighteenMember_307EE9CC15EDED045D8821C981322C2E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Four percent Senior Notes due two thousand and eighteen [Member]</link:label>
    <link:label id="lab_tol_FourpercentSeniorNotesduetwothousandandeighteenMember_307EE9CC15EDED045D8821C981322C2E_documentation_en-US" xlink:label="lab_tol_FourpercentSeniorNotesduetwothousandandeighteenMember_307EE9CC15EDED045D8821C981322C2E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">4.0% Senior Notes due 2018 [Member]</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_FourpercentSeniorNotesduetwothousandandeighteenMember" xlink:label="loc_tol_FourpercentSeniorNotesduetwothousandandeighteenMember_307EE9CC15EDED045D8821C981322C2E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_FourpercentSeniorNotesduetwothousandandeighteenMember_307EE9CC15EDED045D8821C981322C2E" xlink:to="lab_tol_FourpercentSeniorNotesduetwothousandandeighteenMember_307EE9CC15EDED045D8821C981322C2E" xlink:type="arc" />
    <link:label id="lab_tol_A4.350SeniorNotesDue2028Member_CA741119B394D562816D21C9813221B0_terseLabel_en-US" xlink:label="lab_tol_A4.350SeniorNotesDue2028Member_CA741119B394D562816D21C9813221B0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">4.350% Senior Notes Due 2028 [Member]</link:label>
    <link:label id="lab_tol_A4.350SeniorNotesDue2028Member_CA741119B394D562816D21C9813221B0_label_en-US" xlink:label="lab_tol_A4.350SeniorNotesDue2028Member_CA741119B394D562816D21C9813221B0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">4.350% Senior Notes Due 2028 [Member]</link:label>
    <link:label id="lab_tol_A4.350SeniorNotesDue2028Member_CA741119B394D562816D21C9813221B0_documentation_en-US" xlink:label="lab_tol_A4.350SeniorNotesDue2028Member_CA741119B394D562816D21C9813221B0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">4.350% Senior Notes Due 2028 [Member]</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_A4.350SeniorNotesDue2028Member" xlink:label="loc_tol_A4.350SeniorNotesDue2028Member_CA741119B394D562816D21C9813221B0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_A4.350SeniorNotesDue2028Member_CA741119B394D562816D21C9813221B0" xlink:to="lab_tol_A4.350SeniorNotesDue2028Member_CA741119B394D562816D21C9813221B0" xlink:type="arc" />
    <link:label id="lab_tol_A0.5ExchangeableSeniorNotesDue2032Member_CB6CFAEB6EA55868B7F521C981326A4F_terseLabel_en-US" xlink:label="lab_tol_A0.5ExchangeableSeniorNotesDue2032Member_CB6CFAEB6EA55868B7F521C981326A4F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">0.5% Exchangeable Senior Notes Due 2032 [Member]</link:label>
    <link:label id="lab_tol_A0.5ExchangeableSeniorNotesDue2032Member_CB6CFAEB6EA55868B7F521C981326A4F_label_en-US" xlink:label="lab_tol_A0.5ExchangeableSeniorNotesDue2032Member_CB6CFAEB6EA55868B7F521C981326A4F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">0.5% Exchangeable Senior Notes Due 2032 [Member]</link:label>
    <link:label id="lab_tol_A0.5ExchangeableSeniorNotesDue2032Member_CB6CFAEB6EA55868B7F521C981326A4F_documentation_en-US" xlink:label="lab_tol_A0.5ExchangeableSeniorNotesDue2032Member_CB6CFAEB6EA55868B7F521C981326A4F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">0.5% Exchangeable Senior Notes Due 2032 [Member]</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_A0.5ExchangeableSeniorNotesDue2032Member" xlink:label="loc_tol_A0.5ExchangeableSeniorNotesDue2032Member_CB6CFAEB6EA55868B7F521C981326A4F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_A0.5ExchangeableSeniorNotesDue2032Member_CB6CFAEB6EA55868B7F521C981326A4F" xlink:to="lab_tol_A0.5ExchangeableSeniorNotesDue2032Member_CB6CFAEB6EA55868B7F521C981326A4F" xlink:type="arc" />
    <link:label id="lab_tol_A4.875SeniorNotesDue2027Member_74B4E113235B7280795521C981324A8C_terseLabel_en-US" xlink:label="lab_tol_A4.875SeniorNotesDue2027Member_74B4E113235B7280795521C981324A8C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">4.875% Senior Notes Due 2027 [Member]</link:label>
    <link:label id="lab_tol_A4.875SeniorNotesDue2027Member_74B4E113235B7280795521C981324A8C_label_en-US" xlink:label="lab_tol_A4.875SeniorNotesDue2027Member_74B4E113235B7280795521C981324A8C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">4.875% Senior Notes Due 2027 [Member]</link:label>
    <link:label id="lab_tol_A4.875SeniorNotesDue2027Member_74B4E113235B7280795521C981324A8C_documentation_en-US" xlink:label="lab_tol_A4.875SeniorNotesDue2027Member_74B4E113235B7280795521C981324A8C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">4.875% Senior Notes Due 2027 [Member]</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_A4.875SeniorNotesDue2027Member" xlink:label="loc_tol_A4.875SeniorNotesDue2027Member_74B4E113235B7280795521C981324A8C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_A4.875SeniorNotesDue2027Member_74B4E113235B7280795521C981324A8C" xlink:to="lab_tol_A4.875SeniorNotesDue2027Member_74B4E113235B7280795521C981324A8C" xlink:type="arc" />
    <link:label id="lab_tol_A4.875SeniorNotesDue2025Member_6F3D254629BEEAAD623521C981369F54_terseLabel_en-US" xlink:label="lab_tol_A4.875SeniorNotesDue2025Member_6F3D254629BEEAAD623521C981369F54" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">4.875% Senior Notes Due 2025 [Member]</link:label>
    <link:label id="lab_tol_A4.875SeniorNotesDue2025Member_6F3D254629BEEAAD623521C981369F54_label_en-US" xlink:label="lab_tol_A4.875SeniorNotesDue2025Member_6F3D254629BEEAAD623521C981369F54" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">4.875% Senior Notes Due 2025 [Member]</link:label>
    <link:label id="lab_tol_A4.875SeniorNotesDue2025Member_6F3D254629BEEAAD623521C981369F54_documentation_en-US" xlink:label="lab_tol_A4.875SeniorNotesDue2025Member_6F3D254629BEEAAD623521C981369F54" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">4.875% Senior Notes Due 2025 [Member]</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_A4.875SeniorNotesDue2025Member" xlink:label="loc_tol_A4.875SeniorNotesDue2025Member_6F3D254629BEEAAD623521C981369F54" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_A4.875SeniorNotesDue2025Member_6F3D254629BEEAAD623521C981369F54" xlink:to="lab_tol_A4.875SeniorNotesDue2025Member_6F3D254629BEEAAD623521C981369F54" xlink:type="arc" />
    <link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_875E27F63F5B1BC7827A21C98136B793_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_875E27F63F5B1BC7827A21C98136B793" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Maximum Borrowing Capacity</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_875E27F63F5B1BC7827A21C98136B793_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_875E27F63F5B1BC7827A21C98136B793" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Maximum Borrowing Capacity</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_875E27F63F5B1BC7827A21C98136B793" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_875E27F63F5B1BC7827A21C98136B793" xlink:to="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_875E27F63F5B1BC7827A21C98136B793" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentMaturityDate_716F225F54591BE7B13321C98136C019_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentMaturityDate_716F225F54591BE7B13321C98136C019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Maturity Date</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentMaturityDate_716F225F54591BE7B13321C98136C019_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentMaturityDate_716F225F54591BE7B13321C98136C019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Maturity Date</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentMaturityDate" xlink:label="loc_us-gaap_DebtInstrumentMaturityDate_716F225F54591BE7B13321C98136C019" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentMaturityDate_716F225F54591BE7B13321C98136C019" xlink:to="lab_us-gaap_DebtInstrumentMaturityDate_716F225F54591BE7B13321C98136C019" xlink:type="arc" />
    <link:label id="lab_tol_Maximumborrowingcapacityforunsecuredlongtermdebt_13A7F107DE5EC4A0FA1B21C9813650F0_terseLabel_en-US" xlink:label="lab_tol_Maximumborrowingcapacityforunsecuredlongtermdebt_13A7F107DE5EC4A0FA1B21C9813650F0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum borrowing capacity for unsecured long-term debt</link:label>
    <link:label id="lab_tol_Maximumborrowingcapacityforunsecuredlongtermdebt_13A7F107DE5EC4A0FA1B21C9813650F0_label_en-US" xlink:label="lab_tol_Maximumborrowingcapacityforunsecuredlongtermdebt_13A7F107DE5EC4A0FA1B21C9813650F0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum borrowing capacity for unsecured long-term debt</link:label>
    <link:label id="lab_tol_Maximumborrowingcapacityforunsecuredlongtermdebt_13A7F107DE5EC4A0FA1B21C9813650F0_documentation_en-US" xlink:label="lab_tol_Maximumborrowingcapacityforunsecuredlongtermdebt_13A7F107DE5EC4A0FA1B21C9813650F0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Maximum borrowing capacity for unsecured long-term debt</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_Maximumborrowingcapacityforunsecuredlongtermdebt" xlink:label="loc_tol_Maximumborrowingcapacityforunsecuredlongtermdebt_13A7F107DE5EC4A0FA1B21C9813650F0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_Maximumborrowingcapacityforunsecuredlongtermdebt_13A7F107DE5EC4A0FA1B21C9813650F0" xlink:to="lab_tol_Maximumborrowingcapacityforunsecuredlongtermdebt_13A7F107DE5EC4A0FA1B21C9813650F0" xlink:type="arc" />
    <link:label id="lab_tol_MaximumPermissibleLeverageRatio_24E384C99E82ACF6623421C98136593E_terseLabel_en-US" xlink:label="lab_tol_MaximumPermissibleLeverageRatio_24E384C99E82ACF6623421C98136593E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum Permissible Leverage Ratio</link:label>
    <link:label id="lab_tol_MaximumPermissibleLeverageRatio_24E384C99E82ACF6623421C98136593E_label_en-US" xlink:label="lab_tol_MaximumPermissibleLeverageRatio_24E384C99E82ACF6623421C98136593E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum Permissible Leverage Ratio</link:label>
    <link:label id="lab_tol_MaximumPermissibleLeverageRatio_24E384C99E82ACF6623421C98136593E_documentation_en-US" xlink:label="lab_tol_MaximumPermissibleLeverageRatio_24E384C99E82ACF6623421C98136593E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The maximum leverage ratio (as defined) to maintain compliance with the line of credit.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_MaximumPermissibleLeverageRatio" xlink:label="loc_tol_MaximumPermissibleLeverageRatio_24E384C99E82ACF6623421C98136593E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_MaximumPermissibleLeverageRatio_24E384C99E82ACF6623421C98136593E" xlink:to="lab_tol_MaximumPermissibleLeverageRatio_24E384C99E82ACF6623421C98136593E" xlink:type="arc" />
    <link:label id="lab_us-gaap_UnsecuredLongTermDebt_ABF07D3EDDC1C837E54421C9813616BC_terseLabel_en-US" xlink:label="lab_us-gaap_UnsecuredLongTermDebt_ABF07D3EDDC1C837E54421C9813616BC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unsecured Long-term Debt, Noncurrent</link:label>
    <link:label id="lab_us-gaap_UnsecuredLongTermDebt_ABF07D3EDDC1C837E54421C9813616BC_label_en-US" xlink:label="lab_us-gaap_UnsecuredLongTermDebt_ABF07D3EDDC1C837E54421C9813616BC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unsecured Long-term Debt, Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UnsecuredLongTermDebt" xlink:label="loc_us-gaap_UnsecuredLongTermDebt_ABF07D3EDDC1C837E54421C9813616BC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnsecuredLongTermDebt_ABF07D3EDDC1C837E54421C9813616BC" xlink:to="lab_us-gaap_UnsecuredLongTermDebt_ABF07D3EDDC1C837E54421C9813616BC" xlink:type="arc" />
    <link:label id="lab_us-gaap_MinimumNetWorthRequiredForCompliance_127FE4ECBE6E8A787DE921C981368CA0_terseLabel_en-US" xlink:label="lab_us-gaap_MinimumNetWorthRequiredForCompliance_127FE4ECBE6E8A787DE921C981368CA0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Minimum Net Worth Required for Compliance</link:label>
    <link:label id="lab_us-gaap_MinimumNetWorthRequiredForCompliance_127FE4ECBE6E8A787DE921C981368CA0_label_en-US" xlink:label="lab_us-gaap_MinimumNetWorthRequiredForCompliance_127FE4ECBE6E8A787DE921C981368CA0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum Net Worth Required for Compliance</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MinimumNetWorthRequiredForCompliance" xlink:label="loc_us-gaap_MinimumNetWorthRequiredForCompliance_127FE4ECBE6E8A787DE921C981368CA0" xlink:type="locator" />
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    <link:label id="lab_tol_ExistingLeverageRatio_19BFBD7ADC3A796418D821C9813634D4_terseLabel_en-US" xlink:label="lab_tol_ExistingLeverageRatio_19BFBD7ADC3A796418D821C9813634D4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Existing Leverage Ratio</link:label>
    <link:label id="lab_tol_ExistingLeverageRatio_19BFBD7ADC3A796418D821C9813634D4_label_en-US" xlink:label="lab_tol_ExistingLeverageRatio_19BFBD7ADC3A796418D821C9813634D4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Existing Leverage Ratio</link:label>
    <link:label id="lab_tol_ExistingLeverageRatio_19BFBD7ADC3A796418D821C9813634D4_documentation_en-US" xlink:label="lab_tol_ExistingLeverageRatio_19BFBD7ADC3A796418D821C9813634D4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The Company's leverage ratio as of the balance sheet date.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_ExistingLeverageRatio" xlink:label="loc_tol_ExistingLeverageRatio_19BFBD7ADC3A796418D821C9813634D4" xlink:type="locator" />
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    <link:label id="lab_tol_TangibleNetWorth_0D32F9DF8B94EF70747921C981367B66_terseLabel_en-US" xlink:label="lab_tol_TangibleNetWorth_0D32F9DF8B94EF70747921C981367B66" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tangible Net Worth</link:label>
    <link:label id="lab_tol_TangibleNetWorth_0D32F9DF8B94EF70747921C981367B66_label_en-US" xlink:label="lab_tol_TangibleNetWorth_0D32F9DF8B94EF70747921C981367B66" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tangible Net Worth</link:label>
    <link:label id="lab_tol_TangibleNetWorth_0D32F9DF8B94EF70747921C981367B66_documentation_en-US" xlink:label="lab_tol_TangibleNetWorth_0D32F9DF8B94EF70747921C981367B66" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tangible net worth, as defined by the debt instrument.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_TangibleNetWorth" xlink:label="loc_tol_TangibleNetWorth_0D32F9DF8B94EF70747921C981367B66" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_TangibleNetWorth_0D32F9DF8B94EF70747921C981367B66" xlink:to="lab_tol_TangibleNetWorth_0D32F9DF8B94EF70747921C981367B66" xlink:type="arc" />
    <link:label id="lab_tol_Abilitytorepurchasecommonstock_B03C59E9A99EF402808021C9813AB725_terseLabel_en-US" xlink:label="lab_tol_Abilitytorepurchasecommonstock_B03C59E9A99EF402808021C9813AB725" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ability to repurchase common stock</link:label>
    <link:label id="lab_tol_Abilitytorepurchasecommonstock_B03C59E9A99EF402808021C9813AB725_label_en-US" xlink:label="lab_tol_Abilitytorepurchasecommonstock_B03C59E9A99EF402808021C9813AB725" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ability to repurchase common stock</link:label>
    <link:label id="lab_tol_Abilitytorepurchasecommonstock_B03C59E9A99EF402808021C9813AB725_documentation_en-US" xlink:label="lab_tol_Abilitytorepurchasecommonstock_B03C59E9A99EF402808021C9813AB725" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Based upon the minimum tangible net worth requirement, as defined by the credit facility, the amount of the Company's ability to repurchase its common stock.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_Abilitytorepurchasecommonstock" xlink:label="loc_tol_Abilitytorepurchasecommonstock_B03C59E9A99EF402808021C9813AB725" xlink:type="locator" />
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    <link:label id="lab_tol_SeniorNotePayableTextualAbstract_8FBEFE522FDB9C654EDE21C9813A5175_verboseLabel_en-US" xlink:label="lab_tol_SeniorNotePayableTextualAbstract_8FBEFE522FDB9C654EDE21C9813A5175" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Senior Note Payable (Textual) [Abstract]</link:label>
    <link:label id="lab_tol_SeniorNotePayableTextualAbstract_8FBEFE522FDB9C654EDE21C9813A5175_label_en-US" xlink:label="lab_tol_SeniorNotePayableTextualAbstract_8FBEFE522FDB9C654EDE21C9813A5175" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Note Payable (Textual) [Abstract]</link:label>
    <link:label id="lab_tol_SeniorNotePayableTextualAbstract_8FBEFE522FDB9C654EDE21C9813A5175_documentation_en-US" xlink:label="lab_tol_SeniorNotePayableTextualAbstract_8FBEFE522FDB9C654EDE21C9813A5175" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Senior note payable.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_SeniorNotePayableTextualAbstract" xlink:label="loc_tol_SeniorNotePayableTextualAbstract_8FBEFE522FDB9C654EDE21C9813A5175" xlink:type="locator" />
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    <link:label id="lab_tol_PercentageOfHoldingInSubsidiary_21A43D86FB172F2A1BE621C9813A5AC6_terseLabel_en-US" xlink:label="lab_tol_PercentageOfHoldingInSubsidiary_21A43D86FB172F2A1BE621C9813A5AC6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of Holding In Subsidiary</link:label>
    <link:label id="lab_tol_PercentageOfHoldingInSubsidiary_21A43D86FB172F2A1BE621C9813A5AC6_label_en-US" xlink:label="lab_tol_PercentageOfHoldingInSubsidiary_21A43D86FB172F2A1BE621C9813A5AC6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage of Holding In Subsidiary</link:label>
    <link:label id="lab_tol_PercentageOfHoldingInSubsidiary_21A43D86FB172F2A1BE621C9813A5AC6_documentation_en-US" xlink:label="lab_tol_PercentageOfHoldingInSubsidiary_21A43D86FB172F2A1BE621C9813A5AC6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of holding in subsidiary.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_PercentageOfHoldingInSubsidiary" xlink:label="loc_tol_PercentageOfHoldingInSubsidiary_21A43D86FB172F2A1BE621C9813A5AC6" xlink:type="locator" />
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    <link:label id="lab_us-gaap_MinorityInterestOwnershipPercentageByParent_442FD57D5544FBAD3B2321C9813A088D_terseLabel_en-US" xlink:label="lab_us-gaap_MinorityInterestOwnershipPercentageByParent_442FD57D5544FBAD3B2321C9813A088D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest, Ownership Percentage by Parent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MinorityInterestOwnershipPercentageByParent" xlink:label="loc_us-gaap_MinorityInterestOwnershipPercentageByParent_442FD57D5544FBAD3B2321C9813A088D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_B692D2E5E7A69255D04521C9813A5267_verboseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_B692D2E5E7A69255D04521C9813A5267" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Interest rate on notes</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_B692D2E5E7A69255D04521C9813A5267" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DebtInstrumentRedemptionPricePercentage_3ADC688837667CD8600521C9813AA219_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentRedemptionPricePercentage_3ADC688837667CD8600521C9813AA219" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Redemption Price, Percentage</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentRedemptionPricePercentage_3ADC688837667CD8600521C9813AA219_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentRedemptionPricePercentage_3ADC688837667CD8600521C9813AA219" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Redemption Price, Percentage</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentRedemptionPricePercentage" xlink:label="loc_us-gaap_DebtInstrumentRedemptionPricePercentage_3ADC688837667CD8600521C9813AA219" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DebtInstrumentRepurchaseDate_F6F12582C9CADA8D5F1221C9813AE026_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentRepurchaseDate_F6F12582C9CADA8D5F1221C9813AE026" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Repurchase Date</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentRepurchaseDate_F6F12582C9CADA8D5F1221C9813AE026_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentRepurchaseDate_F6F12582C9CADA8D5F1221C9813AE026" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Repurchase Date</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentRepurchaseDate" xlink:label="loc_us-gaap_DebtInstrumentRepurchaseDate_F6F12582C9CADA8D5F1221C9813AE026" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentRepurchaseDate_F6F12582C9CADA8D5F1221C9813AE026" xlink:to="lab_us-gaap_DebtInstrumentRepurchaseDate_F6F12582C9CADA8D5F1221C9813AE026" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentRepurchaseAmount_9F2C24BCEEDE547D8DB521C9813AC3DE_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentRepurchaseAmount_9F2C24BCEEDE547D8DB521C9813AC3DE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Repurchase Amount</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentRepurchaseAmount_9F2C24BCEEDE547D8DB521C9813AC3DE_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentRepurchaseAmount_9F2C24BCEEDE547D8DB521C9813AC3DE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Repurchase Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentRepurchaseAmount" xlink:label="loc_us-gaap_DebtInstrumentRepurchaseAmount_9F2C24BCEEDE547D8DB521C9813AC3DE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentRepurchaseAmount_9F2C24BCEEDE547D8DB521C9813AC3DE" xlink:to="lab_us-gaap_DebtInstrumentRepurchaseAmount_9F2C24BCEEDE547D8DB521C9813AC3DE" xlink:type="arc" />
    <link:label id="lab_tol_Debtinstrumentconvertiblenumberofsharesissuedpernote_447A7B6CFECD26EF26F621C9813A7350_terseLabel_en-US" xlink:label="lab_tol_Debtinstrumentconvertiblenumberofsharesissuedpernote_447A7B6CFECD26EF26F621C9813A7350" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Conversion, Convertible, number of shares issued per note exchanged</link:label>
    <link:label id="lab_tol_Debtinstrumentconvertiblenumberofsharesissuedpernote_447A7B6CFECD26EF26F621C9813A7350_label_en-US" xlink:label="lab_tol_Debtinstrumentconvertiblenumberofsharesissuedpernote_447A7B6CFECD26EF26F621C9813A7350" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">debt instrument, convertible, number of shares issued per note</link:label>
    <link:label id="lab_tol_Debtinstrumentconvertiblenumberofsharesissuedpernote_447A7B6CFECD26EF26F621C9813A7350_documentation_en-US" xlink:label="lab_tol_Debtinstrumentconvertiblenumberofsharesissuedpernote_447A7B6CFECD26EF26F621C9813A7350" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">debt instrument, convertible, number of shares issued per $1,000 of notes exchanged.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_Debtinstrumentconvertiblenumberofsharesissuedpernote" xlink:label="loc_tol_Debtinstrumentconvertiblenumberofsharesissuedpernote_447A7B6CFECD26EF26F621C9813A7350" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_Debtinstrumentconvertiblenumberofsharesissuedpernote_447A7B6CFECD26EF26F621C9813A7350" xlink:to="lab_tol_Debtinstrumentconvertiblenumberofsharesissuedpernote_447A7B6CFECD26EF26F621C9813A7350" xlink:type="arc" />
    <link:label id="lab_tol_Principalamountdenomination_4B7C76FED295C35007E321C9813AE006_terseLabel_en-US" xlink:label="lab_tol_Principalamountdenomination_4B7C76FED295C35007E321C9813AE006" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PrincipalAmountDenomination</link:label>
    <link:label id="lab_tol_Principalamountdenomination_4B7C76FED295C35007E321C9813AE006_label_en-US" xlink:label="lab_tol_Principalamountdenomination_4B7C76FED295C35007E321C9813AE006" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PrincipalAmountDenomination</link:label>
    <link:label id="lab_tol_Principalamountdenomination_4B7C76FED295C35007E321C9813AE006_documentation_en-US" xlink:label="lab_tol_Principalamountdenomination_4B7C76FED295C35007E321C9813AE006" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The denomination for which the senior debt is based upon.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_Principalamountdenomination" xlink:label="loc_tol_Principalamountdenomination_4B7C76FED295C35007E321C9813AE006" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_Principalamountdenomination_4B7C76FED295C35007E321C9813AE006" xlink:to="lab_tol_Principalamountdenomination_4B7C76FED295C35007E321C9813AE006" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentConvertibleConversionPrice1_4BE0CE33A7D5A6C1DED121C9813A38A1_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentConvertibleConversionPrice1_4BE0CE33A7D5A6C1DED121C9813A38A1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Convertible, Conversion Price</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentConvertibleConversionPrice1_4BE0CE33A7D5A6C1DED121C9813A38A1_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentConvertibleConversionPrice1_4BE0CE33A7D5A6C1DED121C9813A38A1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Convertible, Conversion Price</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentConvertibleConversionPrice1" xlink:label="loc_us-gaap_DebtInstrumentConvertibleConversionPrice1_4BE0CE33A7D5A6C1DED121C9813A38A1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentConvertibleConversionPrice1_4BE0CE33A7D5A6C1DED121C9813A38A1" xlink:to="lab_us-gaap_DebtInstrumentConvertibleConversionPrice1_4BE0CE33A7D5A6C1DED121C9813A38A1" xlink:type="arc" />
    <link:label id="lab_tol_Additionalcommonsharesifconvertibledebtexchanged_E16BFDAE398E67C396CC21C9813A247F_terseLabel_en-US" xlink:label="lab_tol_Additionalcommonsharesifconvertibledebtexchanged_E16BFDAE398E67C396CC21C9813A247F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additional common share if convertible debt exchanged</link:label>
    <link:label id="lab_tol_Additionalcommonsharesifconvertibledebtexchanged_E16BFDAE398E67C396CC21C9813A247F_label_en-US" xlink:label="lab_tol_Additionalcommonsharesifconvertibledebtexchanged_E16BFDAE398E67C396CC21C9813A247F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">AdditionalCommonSharesIfConvertibleDebtExchanged</link:label>
    <link:label id="lab_tol_Additionalcommonsharesifconvertibledebtexchanged_E16BFDAE398E67C396CC21C9813A247F_documentation_en-US" xlink:label="lab_tol_Additionalcommonsharesifconvertibledebtexchanged_E16BFDAE398E67C396CC21C9813A247F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of additional common shares that would be issued convertible debt was exchanged into common shares.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_Additionalcommonsharesifconvertibledebtexchanged" xlink:label="loc_tol_Additionalcommonsharesifconvertibledebtexchanged_E16BFDAE398E67C396CC21C9813A247F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_C5030C99295308FACB7621C9813A439D_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_C5030C99295308FACB7621C9813A439D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Interest Rate, Effective Percentage</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_C5030C99295308FACB7621C9813A439D_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_C5030C99295308FACB7621C9813A439D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Interest Rate, Effective Percentage</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateEffectivePercentage_C5030C99295308FACB7621C9813A439D" xlink:type="locator" />
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    <link:label id="lab_tol_ChangeinwarrantyaccrualsforhomeclosedinpriorperiodsLineItems_94EE63ED74BBAA66D50F21501227BA03_terseLabel_en-US" xlink:label="lab_tol_ChangeinwarrantyaccrualsforhomeclosedinpriorperiodsLineItems_94EE63ED74BBAA66D50F21501227BA03" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in warranty accruals for home closed in prior periods [Line Items]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProductWarrantyAccrualWarrantiesIssued" xlink:label="loc_us-gaap_ProductWarrantyAccrualWarrantiesIssued_47E5E6DC53970310145C2150122B50F9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProductWarrantyAccrualWarrantiesIssued_47E5E6DC53970310145C2150122B50F9" xlink:to="lab_us-gaap_ProductWarrantyAccrualWarrantiesIssued_47E5E6DC53970310145C2150122B50F9" xlink:type="arc" />
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    <link:label id="lab_us-gaap_ProductWarrantyAccrualPreexistingIncreaseDecrease_3CFA12F996174400C2162150122B3C6B_verboseLabel_en-US" xlink:label="lab_us-gaap_ProductWarrantyAccrualPreexistingIncreaseDecrease_3CFA12F996174400C2162150122B3C6B" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) to accruals for homes closed in prior periods</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProductWarrantyAccrualPreexistingIncreaseDecrease" xlink:label="loc_us-gaap_ProductWarrantyAccrualPreexistingIncreaseDecrease_3CFA12F996174400C2162150122B3C6B" xlink:type="locator" />
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    <link:label id="lab_tol_Productwarrantyaccrualreclassfromselfinsuranceaccrual_9FCF90780461DBF7A8F62150122BB1AE_terseLabel_en-US" xlink:label="lab_tol_Productwarrantyaccrualreclassfromselfinsuranceaccrual_9FCF90780461DBF7A8F62150122BB1AE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reclassification from other accruals</link:label>
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    <link:label id="lab_tol_BasisOfPresentationPolicyTextBlock_900F6D37CE7B56346D0B3034D76E21F7_label_en-US" xlink:label="lab_tol_BasisOfPresentationPolicyTextBlock_900F6D37CE7B56346D0B3034D76E21F7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basis of Presentation Policy [Text Block]</link:label>
    <link:label id="lab_tol_BasisOfPresentationPolicyTextBlock_900F6D37CE7B56346D0B3034D76E21F7_documentation_en-US" xlink:label="lab_tol_BasisOfPresentationPolicyTextBlock_900F6D37CE7B56346D0B3034D76E21F7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Basis of Presentation.</link:label>
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    <link:label id="lab_us-gaap_UseOfEstimates_F6E346216AEFB23D8A803034D76E6AB3_label_en-US" xlink:label="lab_us-gaap_UseOfEstimates_F6E346216AEFB23D8A803034D76E6AB3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Use of Estimates, Policy [Policy Text Block]</link:label>
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    <link:label id="lab_us-gaap_CashAndCashEquivalentsPolicyTextBlock_12CB374621DCB9EE18443034D76EE007_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsPolicyTextBlock_12CB374621DCB9EE18443034D76EE007" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents, Policy [Policy Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:label="loc_us-gaap_CashAndCashEquivalentsPolicyTextBlock_12CB374621DCB9EE18443034D76EE007" xlink:type="locator" />
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    <link:label id="lab_us-gaap_InventoryPolicyTextBlock_BB481C1DD274B2E9B6FE3034D770DFAC_verboseLabel_en-US" xlink:label="lab_us-gaap_InventoryPolicyTextBlock_BB481C1DD274B2E9B6FE3034D770DFAC" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Inventory [Policy Text Block]</link:label>
    <link:label id="lab_us-gaap_InventoryPolicyTextBlock_BB481C1DD274B2E9B6FE3034D770DFAC_label_en-US" xlink:label="lab_us-gaap_InventoryPolicyTextBlock_BB481C1DD274B2E9B6FE3034D770DFAC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory, Policy [Policy Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InventoryPolicyTextBlock" xlink:label="loc_us-gaap_InventoryPolicyTextBlock_BB481C1DD274B2E9B6FE3034D770DFAC" xlink:type="locator" />
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    <link:loc xlink:href="tol-20191031.xsd#tol_CapitalizationOfInterestCostsPolicyTextBlock" xlink:label="loc_tol_CapitalizationOfInterestCostsPolicyTextBlock_B04BE62942A5004BACFF3034D770F0DC" xlink:type="locator" />
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    <link:loc xlink:href="tol-20191031.xsd#tol_EstimatedFairValuesPolicyTextBlock" xlink:label="loc_tol_EstimatedFairValuesPolicyTextBlock_B094613F9A894A596D1D3034D7705628" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:label="loc_us-gaap_FairValueOfFinancialInstrumentsPolicy_B8E21613CCD631E1A31B3034D77183E3" xlink:type="locator" />
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    <link:label id="lab_tol_HomeBuildingJointVentureMetroNewYorkFiveMember_33A92B37845AC0990312340301A928FA_terseLabel_en-US" xlink:label="lab_tol_HomeBuildingJointVentureMetroNewYorkFiveMember_33A92B37845AC0990312340301A928FA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Home Building Joint Venture Metro New York Five [Member]</link:label>
    <link:label id="lab_tol_HomeBuildingJointVentureMetroNewYorkFiveMember_33A92B37845AC0990312340301A928FA_label_en-US" xlink:label="lab_tol_HomeBuildingJointVentureMetroNewYorkFiveMember_33A92B37845AC0990312340301A928FA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Home Building Joint Venture Metro New York Five [Member]</link:label>
    <link:label id="lab_tol_HomeBuildingJointVentureMetroNewYorkFiveMember_33A92B37845AC0990312340301A928FA_documentation_en-US" xlink:label="lab_tol_HomeBuildingJointVentureMetroNewYorkFiveMember_33A92B37845AC0990312340301A928FA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Home Building Joint Venture Metro New York Five [Member]</link:label>
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    <link:label id="lab_tol_TollBrothersRealtyTrustMember_C5F879A817DA227A712A340301AA6F8B_terseLabel_en-US" xlink:label="lab_tol_TollBrothersRealtyTrustMember_C5F879A817DA227A712A340301AA6F8B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Toll Brothers Realty Trust [Member]</link:label>
    <link:label id="lab_tol_TollBrothersRealtyTrustMember_C5F879A817DA227A712A340301AA6F8B_label_en-US" xlink:label="lab_tol_TollBrothersRealtyTrustMember_C5F879A817DA227A712A340301AA6F8B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Toll Brothers Realty Trust [Member]</link:label>
    <link:label id="lab_tol_TollBrothersRealtyTrustMember_C5F879A817DA227A712A340301AA6F8B_documentation_en-US" xlink:label="lab_tol_TollBrothersRealtyTrustMember_C5F879A817DA227A712A340301AA6F8B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Joint venture formed in 1998 to invest in commercial real estate opportunities.</link:label>
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    <link:label id="lab_tol_GibraltarLandBankingDevelopmentJointVenturesMemberMember_C317A4FBAF44853804BF340301AA0280_terseLabel_en-US" xlink:label="lab_tol_GibraltarLandBankingDevelopmentJointVenturesMemberMember_C317A4FBAF44853804BF340301AA0280" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gibraltar Land Banking &amp; Development Joint Ventures [Member] [Member]</link:label>
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    <link:label id="lab_tol_GibraltarLandBankingDevelopmentJointVenturesMemberMember_C317A4FBAF44853804BF340301AA0280_documentation_en-US" xlink:label="lab_tol_GibraltarLandBankingDevelopmentJointVenturesMemberMember_C317A4FBAF44853804BF340301AA0280" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gibraltar Land Banking &amp; Development Joint Ventures [Member]</link:label>
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    <link:label id="lab_tol_RentalPropertyJointVenturePhoenixvillePAMember_0698C41C2C37268EFE52340301AA7C8B_terseLabel_en-US" xlink:label="lab_tol_RentalPropertyJointVenturePhoenixvillePAMember_0698C41C2C37268EFE52340301AA7C8B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rental Property Joint Venture Phoenixville, PA [Member]</link:label>
    <link:label id="lab_tol_RentalPropertyJointVenturePhoenixvillePAMember_0698C41C2C37268EFE52340301AA7C8B_label_en-US" xlink:label="lab_tol_RentalPropertyJointVenturePhoenixvillePAMember_0698C41C2C37268EFE52340301AA7C8B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rental Property Joint Venture Phoenixville, PA [Member]</link:label>
    <link:label id="lab_tol_RentalPropertyJointVenturePhoenixvillePAMember_0698C41C2C37268EFE52340301AA7C8B_documentation_en-US" xlink:label="lab_tol_RentalPropertyJointVenturePhoenixvillePAMember_0698C41C2C37268EFE52340301AA7C8B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rental property joint venture that owned, developed and operated a multi-family residential community in Phoenixville, PA</link:label>
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    <link:label id="lab_tol_AffiliatedEntityAxis_84252FCCF523BB7C5B05340301AA1C16_label_en-US" xlink:label="lab_tol_AffiliatedEntityAxis_84252FCCF523BB7C5B05340301AA1C16" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Affiliated Entity [Axis]</link:label>
    <link:label id="lab_tol_AffiliatedEntityAxis_84252FCCF523BB7C5B05340301AA1C16_documentation_en-US" xlink:label="lab_tol_AffiliatedEntityAxis_84252FCCF523BB7C5B05340301AA1C16" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information related to Affiliated Entities [Axis]</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_AffiliatedEntityAxis" xlink:label="loc_tol_AffiliatedEntityAxis_84252FCCF523BB7C5B05340301AA1C16" xlink:type="locator" />
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    <link:label id="lab_tol_AffiliatedEntityDomain_D5CDE5F11E4A6BC3C83F340301AB9A2D_terseLabel_en-US" xlink:label="lab_tol_AffiliatedEntityDomain_D5CDE5F11E4A6BC3C83F340301AB9A2D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Affiliated Entity [Domain]</link:label>
    <link:label id="lab_tol_AffiliatedEntityDomain_D5CDE5F11E4A6BC3C83F340301AB9A2D_label_en-US" xlink:label="lab_tol_AffiliatedEntityDomain_D5CDE5F11E4A6BC3C83F340301AB9A2D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Affiliated Entity [Domain]</link:label>
    <link:label id="lab_tol_AffiliatedEntityDomain_D5CDE5F11E4A6BC3C83F340301AB9A2D_documentation_en-US" xlink:label="lab_tol_AffiliatedEntityDomain_D5CDE5F11E4A6BC3C83F340301AB9A2D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">[Domain] for Information related to Affiliated Entities [Axis]</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_AffiliatedEntityDomain" xlink:label="loc_tol_AffiliatedEntityDomain_D5CDE5F11E4A6BC3C83F340301AB9A2D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_AffiliatedEntityDomain_D5CDE5F11E4A6BC3C83F340301AB9A2D" xlink:to="lab_tol_AffiliatedEntityDomain_D5CDE5F11E4A6BC3C83F340301AB9A2D" xlink:type="arc" />
    <link:label id="lab_tol_HomeBuildingJointVenturesTotalMember_C2C44CEFA6598E60B29F340301AD77C9_terseLabel_en-US" xlink:label="lab_tol_HomeBuildingJointVenturesTotalMember_C2C44CEFA6598E60B29F340301AD77C9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Home Building Joint Ventures, Total [Member]</link:label>
    <link:label id="lab_tol_HomeBuildingJointVenturesTotalMember_C2C44CEFA6598E60B29F340301AD77C9_label_en-US" xlink:label="lab_tol_HomeBuildingJointVenturesTotalMember_C2C44CEFA6598E60B29F340301AD77C9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Home Building Joint Ventures, Total [Member]</link:label>
    <link:label id="lab_tol_HomeBuildingJointVenturesTotalMember_C2C44CEFA6598E60B29F340301AD77C9_documentation_en-US" xlink:label="lab_tol_HomeBuildingJointVenturesTotalMember_C2C44CEFA6598E60B29F340301AD77C9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The Company's investments in and advances to various joint ventures with unrelated parties to develop luxury for-sale homes.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_HomeBuildingJointVenturesTotalMember" xlink:label="loc_tol_HomeBuildingJointVenturesTotalMember_C2C44CEFA6598E60B29F340301AD77C9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_HomeBuildingJointVenturesTotalMember_C2C44CEFA6598E60B29F340301AD77C9" xlink:to="lab_tol_HomeBuildingJointVenturesTotalMember_C2C44CEFA6598E60B29F340301AD77C9" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherCommitmentsAxis_1DE7092E6886E2D41B95340301AE0B3A_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentsAxis_1DE7092E6886E2D41B95340301AE0B3A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Commitments [Axis]</link:label>
    <link:label id="lab_us-gaap_OtherCommitmentsAxis_1DE7092E6886E2D41B95340301AE0B3A_label_en-US" xlink:label="lab_us-gaap_OtherCommitmentsAxis_1DE7092E6886E2D41B95340301AE0B3A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Commitments [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCommitmentsAxis" xlink:label="loc_us-gaap_OtherCommitmentsAxis_1DE7092E6886E2D41B95340301AE0B3A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherCommitmentsDomain_47877B0CEA8F8258F010340301AE88C3_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentsDomain_47877B0CEA8F8258F010340301AE88C3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Commitments [Domain]</link:label>
    <link:label id="lab_us-gaap_OtherCommitmentsDomain_47877B0CEA8F8258F010340301AE88C3_label_en-US" xlink:label="lab_us-gaap_OtherCommitmentsDomain_47877B0CEA8F8258F010340301AE88C3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Commitments [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCommitmentsDomain" xlink:label="loc_us-gaap_OtherCommitmentsDomain_47877B0CEA8F8258F010340301AE88C3" xlink:type="locator" />
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    <link:label id="lab_tol_CommitmentToAdvanceOrInvestInAffiliatesSubsidiariesAndJointVentureMember_8DFD62E40A884C762AA7340301AEBDC1_terseLabel_en-US" xlink:label="lab_tol_CommitmentToAdvanceOrInvestInAffiliatesSubsidiariesAndJointVentureMember_8DFD62E40A884C762AA7340301AEBDC1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member]</link:label>
    <link:label id="lab_tol_CommitmentToAdvanceOrInvestInAffiliatesSubsidiariesAndJointVentureMember_8DFD62E40A884C762AA7340301AEBDC1_label_en-US" xlink:label="lab_tol_CommitmentToAdvanceOrInvestInAffiliatesSubsidiariesAndJointVentureMember_8DFD62E40A884C762AA7340301AEBDC1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member]</link:label>
    <link:label id="lab_tol_CommitmentToAdvanceOrInvestInAffiliatesSubsidiariesAndJointVentureMember_8DFD62E40A884C762AA7340301AEBDC1_documentation_en-US" xlink:label="lab_tol_CommitmentToAdvanceOrInvestInAffiliatesSubsidiariesAndJointVentureMember_8DFD62E40A884C762AA7340301AEBDC1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Commitment to invest or advance funds to unconsolidated entities if they require additional funding.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_CommitmentToAdvanceOrInvestInAffiliatesSubsidiariesAndJointVentureMember" xlink:label="loc_tol_CommitmentToAdvanceOrInvestInAffiliatesSubsidiariesAndJointVentureMember_8DFD62E40A884C762AA7340301AEBDC1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_CommitmentToAdvanceOrInvestInAffiliatesSubsidiariesAndJointVentureMember_8DFD62E40A884C762AA7340301AEBDC1" xlink:to="lab_tol_CommitmentToAdvanceOrInvestInAffiliatesSubsidiariesAndJointVentureMember_8DFD62E40A884C762AA7340301AEBDC1" xlink:type="arc" />
    <link:label id="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_27D210F874FBB57F9DCB340301AFEA43_terseLabel_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_27D210F874FBB57F9DCB340301AFEA43" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Party [Axis]</link:label>
    <link:label id="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_27D210F874FBB57F9DCB340301AFEA43_label_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_27D210F874FBB57F9DCB340301AFEA43" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_27D210F874FBB57F9DCB340301AFEA43" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RelatedPartyDomain_E238CD1FDD6E8185D96E340301B4888B_terseLabel_en-US" xlink:label="lab_us-gaap_RelatedPartyDomain_E238CD1FDD6E8185D96E340301B4888B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Party [Domain]</link:label>
    <link:label id="lab_us-gaap_RelatedPartyDomain_E238CD1FDD6E8185D96E340301B4888B_label_en-US" xlink:label="lab_us-gaap_RelatedPartyDomain_E238CD1FDD6E8185D96E340301B4888B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:label="loc_us-gaap_RelatedPartyDomain_E238CD1FDD6E8185D96E340301B4888B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_EquityMethodInvesteeMember_F1153AC246131D8AD6EF340301B41019_terseLabel_en-US" xlink:label="lab_us-gaap_EquityMethodInvesteeMember_F1153AC246131D8AD6EF340301B41019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity Method Investee [Member]</link:label>
    <link:label id="lab_us-gaap_EquityMethodInvesteeMember_F1153AC246131D8AD6EF340301B41019_label_en-US" xlink:label="lab_us-gaap_EquityMethodInvesteeMember_F1153AC246131D8AD6EF340301B41019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Method Investee [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquityMethodInvesteeMember" xlink:label="loc_us-gaap_EquityMethodInvesteeMember_F1153AC246131D8AD6EF340301B41019" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract_0F54533B8D0EE9A0548E33AA6EF47A8C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_0F54533B8D0EE9A0548E33AA6EF47A8C" xlink:to="lab_us-gaap_StatementOfCashFlowsAbstract_0F54533B8D0EE9A0548E33AA6EF47A8C" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_235AE66FAFDE908B906233AA6EF59B9D_verboseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_235AE66FAFDE908B906233AA6EF59B9D" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cash flow (used in) provided by operating activities:</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_235AE66FAFDE908B906233AA6EF59B9D_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_235AE66FAFDE908B906233AA6EF59B9D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_235AE66FAFDE908B906233AA6EF59B9D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_235AE66FAFDE908B906233AA6EF59B9D" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_235AE66FAFDE908B906233AA6EF59B9D" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_31BDABEE20E523F899F033AA6EF5F382_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_31BDABEE20E523F899F033AA6EF5F382" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flow from investing activities:</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_31BDABEE20E523F899F033AA6EF5F382" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsToAcquireEquityMethodInvestments_47771BE457E37B4DEFF933AA6EF6383B_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireEquityMethodInvestments_47771BE457E37B4DEFF933AA6EF6383B" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Payments to Acquire Equity Method Investments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToAcquireEquityMethodInvestments" xlink:label="loc_us-gaap_PaymentsToAcquireEquityMethodInvestments_47771BE457E37B4DEFF933AA6EF6383B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_91E4AE8697A8EF66201733AA6EF7C236_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_91E4AE8697A8EF66201733AA6EF7C236" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of a business, net of cash acquired</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_91E4AE8697A8EF66201733AA6EF7C236" xlink:type="locator" />
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    <link:label id="lab_tol_Investmentspaidintercompany_44DD1C21B3A2C477EEC433AA6EF85BCD_negatedTerseLabel_en-US" xlink:label="lab_tol_Investmentspaidintercompany_44DD1C21B3A2C477EEC433AA6EF85BCD" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Investments paid intercompany</link:label>
    <link:label id="lab_tol_Investmentspaidintercompany_44DD1C21B3A2C477EEC433AA6EF85BCD_label_en-US" xlink:label="lab_tol_Investmentspaidintercompany_44DD1C21B3A2C477EEC433AA6EF85BCD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments paid intercompany</link:label>
    <link:label id="lab_tol_Investmentspaidintercompany_44DD1C21B3A2C477EEC433AA6EF85BCD_documentation_en-US" xlink:label="lab_tol_Investmentspaidintercompany_44DD1C21B3A2C477EEC433AA6EF85BCD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investments paid intercompany</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_Investmentspaidintercompany" xlink:label="loc_tol_Investmentspaidintercompany_44DD1C21B3A2C477EEC433AA6EF85BCD" xlink:type="locator" />
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    <link:label id="lab_tol_IntercompanyInvestingActivitesToFromConsolidatedEntities_26BF14EA0F16EC2BF71033AA6EF81B41_terseLabel_en-US" xlink:label="lab_tol_IntercompanyInvestingActivitesToFromConsolidatedEntities_26BF14EA0F16EC2BF71033AA6EF81B41" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intercompany investing activites (to) from consolidated entities</link:label>
    <link:label id="lab_tol_IntercompanyInvestingActivitesToFromConsolidatedEntities_26BF14EA0F16EC2BF71033AA6EF81B41_label_en-US" xlink:label="lab_tol_IntercompanyInvestingActivitesToFromConsolidatedEntities_26BF14EA0F16EC2BF71033AA6EF81B41" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intercompany investing activites (to) from consolidated entities</link:label>
    <link:label id="lab_tol_IntercompanyInvestingActivitesToFromConsolidatedEntities_26BF14EA0F16EC2BF71033AA6EF81B41_documentation_en-US" xlink:label="lab_tol_IntercompanyInvestingActivitesToFromConsolidatedEntities_26BF14EA0F16EC2BF71033AA6EF81B41" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Intercompany investing activites (to) from consolidated entities</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_IntercompanyInvestingActivitesToFromConsolidatedEntities" xlink:label="loc_tol_IntercompanyInvestingActivitesToFromConsolidatedEntities_26BF14EA0F16EC2BF71033AA6EF81B41" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_6E076970D0D36514FFCA33AA6EF804D9_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_6E076970D0D36514FFCA33AA6EF804D9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flow from financing activities:</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_6E076970D0D36514FFCA33AA6EF804D9" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashDividendsPaidToParentCompany" xlink:label="loc_us-gaap_CashDividendsPaidToParentCompany_8CE08F5E11FDCA1F243933AA6EFA4365" xlink:type="locator" />
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    <link:loc xlink:href="tol-20191031.xsd#tol_Investmentreceivedintercompany" xlink:label="loc_tol_Investmentreceivedintercompany_84E19FF11886D07DCCBD33AA6EFB3F38" xlink:type="locator" />
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    <link:label id="lab_tol_IntercompanyFinancingAdvancesToFromConsolidatedEntities_200E9CCB59565562F24B33AA6EFB249D_label_en-US" xlink:label="lab_tol_IntercompanyFinancingAdvancesToFromConsolidatedEntities_200E9CCB59565562F24B33AA6EFB249D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intercompany financing advances (to) from consolidated entities</link:label>
    <link:label id="lab_tol_IntercompanyFinancingAdvancesToFromConsolidatedEntities_200E9CCB59565562F24B33AA6EFB249D_documentation_en-US" xlink:label="lab_tol_IntercompanyFinancingAdvancesToFromConsolidatedEntities_200E9CCB59565562F24B33AA6EFB249D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Intercompany advances (to) from consolidated entities treated as investing activites on cash flow statement.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_IntercompanyFinancingAdvancesToFromConsolidatedEntities" xlink:label="loc_tol_IntercompanyFinancingAdvancesToFromConsolidatedEntities_200E9CCB59565562F24B33AA6EFB249D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_6DEBFFD38299BC01DA4833AA6EFB7D9C_totalLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_6DEBFFD38299BC01DA4833AA6EFB7D9C" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net increase (decrease) in cash and cash equivalents</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_6DEBFFD38299BC01DA4833AA6EFB7D9C" xlink:type="locator" />
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    <link:label id="lab_tol_TemporarilyClosedCommunitiesAbstract_8C9772A435659A9EA8730631ED52B1C2_verboseLabel_en-US" xlink:label="lab_tol_TemporarilyClosedCommunitiesAbstract_B5B3C6D973E9519FB5615046B40B3035" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Temporarily Closed communities</link:label>
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    <link:loc xlink:href="tol-20191031.xsd#tol_TemporarilyClosedCommunitiesAbstract" xlink:label="loc_tol_TemporarilyClosedCommunitiesAbstract_B5B3C6D973E9519FB5615046B40B3035" xlink:type="locator" />
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    <link:label id="lab_tol_ReclassificationOfInventoryToPropertyConstructionAndOfficeEquipment_C176FC74DA92A4E082283353F1D02E32_verboseLabel_en-US" xlink:label="lab_tol_ReclassificationOfInventoryToPropertyConstructionAndOfficeEquipment_C176FC74DA92A4E082283353F1D02E32" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Reclassification of inventory to property, construction and office equipment</link:label>
    <link:label id="lab_tol_ReclassificationOfInventoryToPropertyConstructionAndOfficeEquipment_C176FC74DA92A4E082283353F1D02E32_label_en-US" xlink:label="lab_tol_ReclassificationOfInventoryToPropertyConstructionAndOfficeEquipment_C176FC74DA92A4E082283353F1D02E32" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reclassification of Inventory to Property, Construction and Office Equipment</link:label>
    <link:label id="lab_tol_ReclassificationOfInventoryToPropertyConstructionAndOfficeEquipment_C176FC74DA92A4E082283353F1D02E32_documentation_en-US" xlink:label="lab_tol_ReclassificationOfInventoryToPropertyConstructionAndOfficeEquipment_C176FC74DA92A4E082283353F1D02E32" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reclassification of inventory to property, construction and office equipment.</link:label>
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    <link:label id="lab_tol_Deferredincomerelcassedfrominventorytoaccruedliabilitiesnoncash_F6C00AB94A69A208F9EA3353F1D14D45_terseLabel_en-US" xlink:label="lab_tol_Deferredincomerelcassedfrominventorytoaccruedliabilitiesnoncash_F6C00AB94A69A208F9EA3353F1D14D45" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred income relcassed from inventory to accrued liabilities, non-cash</link:label>
    <link:label id="lab_tol_Deferredincomerelcassedfrominventorytoaccruedliabilitiesnoncash_F6C00AB94A69A208F9EA3353F1D14D45_label_en-US" xlink:label="lab_tol_Deferredincomerelcassedfrominventorytoaccruedliabilitiesnoncash_F6C00AB94A69A208F9EA3353F1D14D45" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred income relcassed from inventory to accrued liabilities, non-cash</link:label>
    <link:label id="lab_tol_Deferredincomerelcassedfrominventorytoaccruedliabilitiesnoncash_F6C00AB94A69A208F9EA3353F1D14D45_documentation_en-US" xlink:label="lab_tol_Deferredincomerelcassedfrominventorytoaccruedliabilitiesnoncash_F6C00AB94A69A208F9EA3353F1D14D45" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred income relcassed from inventory to accrued liabilities, non-cash</link:label>
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    <link:label id="lab_tol_Noncashtransferofinvestmentinunconsolidatedinvestmentstoinventory_2C4DE8B134634F47470E3353F1D140A3_terseLabel_en-US" xlink:label="lab_tol_Noncashtransferofinvestmentinunconsolidatedinvestmentstoinventory_2C4DE8B134634F47470E3353F1D140A3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non cash transfer of investment in unconsolidated investments to inventory</link:label>
    <link:label id="lab_tol_Noncashtransferofinvestmentinunconsolidatedinvestmentstoinventory_2C4DE8B134634F47470E3353F1D140A3_label_en-US" xlink:label="lab_tol_Noncashtransferofinvestmentinunconsolidatedinvestmentstoinventory_2C4DE8B134634F47470E3353F1D140A3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non cash transfer of investment in unconsolidated investments to inventory</link:label>
    <link:label id="lab_tol_Noncashtransferofinvestmentinunconsolidatedinvestmentstoinventory_2C4DE8B134634F47470E3353F1D140A3_documentation_en-US" xlink:label="lab_tol_Noncashtransferofinvestmentinunconsolidatedinvestmentstoinventory_2C4DE8B134634F47470E3353F1D140A3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non cash transfer of investment in unconsolidated investments to inventory</link:label>
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    <link:label id="lab_us-gaap_LossContingenciesTable_D23E46FA930A77ACCE460631EBF51FD8_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingenciesTable_1BB45BEE2F9B542188C2118ACFC908F6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss Contingencies [Table]</link:label>
    <link:label id="lab_us-gaap_LossContingenciesTable_D23E46FA930A77ACCE460631EBF51FD8_label_en-US" xlink:label="lab_us-gaap_LossContingenciesTable_1BB45BEE2F9B542188C2118ACFC908F6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingencies [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingenciesTable" xlink:label="loc_us-gaap_LossContingenciesTable_1BB45BEE2F9B542188C2118ACFC908F6" xlink:type="locator" />
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    <link:label id="lab_tol_SuretyBondConstructionImprovementsMember_0DA311E01F8ED69E33C60631EBF5BB6B_terseLabel_en-US" xlink:label="lab_tol_SuretyBondConstructionImprovementsMember_E42163A988D158E9A47A661A336AAB98" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Surety Bond Construction Improvements [Member]</link:label>
    <link:label id="lab_tol_SuretyBondConstructionImprovementsMember_0DA311E01F8ED69E33C60631EBF5BB6B_label_en-US" xlink:label="lab_tol_SuretyBondConstructionImprovementsMember_E42163A988D158E9A47A661A336AAB98" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Surety Bond Construction Improvements [Member]</link:label>
    <link:label id="lab_tol_SuretyBondConstructionImprovementsMember_0DA311E01F8ED69E33C60631EBF5BB6B_documentation_en-US" xlink:label="lab_tol_SuretyBondConstructionImprovementsMember_E42163A988D158E9A47A661A336AAB98" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An obligation arising from a three-party agreement related to construction improvements that legally binds together a principal who needs the bond, an obligee who requires the bond and a surety company that sells the bond.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_SuretyBondConstructionImprovementsMember" xlink:label="loc_tol_SuretyBondConstructionImprovementsMember_E42163A988D158E9A47A661A336AAB98" xlink:type="locator" />
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    <link:label id="lab_tol_SuretyBondOtherObligationsMember_AD7E08BDD29E71E7D81A0631EBF63977_terseLabel_en-US" xlink:label="lab_tol_SuretyBondOtherObligationsMember_E35904326DAF5871813E29CBBFBEEE1C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Surety Bond Other Obligations [Member]</link:label>
    <link:label id="lab_tol_SuretyBondOtherObligationsMember_AD7E08BDD29E71E7D81A0631EBF63977_label_en-US" xlink:label="lab_tol_SuretyBondOtherObligationsMember_E35904326DAF5871813E29CBBFBEEE1C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Surety Bond Other Obligations [Member]</link:label>
    <link:label id="lab_tol_SuretyBondOtherObligationsMember_AD7E08BDD29E71E7D81A0631EBF63977_documentation_en-US" xlink:label="lab_tol_SuretyBondOtherObligationsMember_E35904326DAF5871813E29CBBFBEEE1C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">An obligation arising from a three-party agreement related to other unspecified obligations that legally binds together a principal who needs the bond, an obligee who requires the bond and a surety company that sells the bond.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_SuretyBondOtherObligationsMember" xlink:label="loc_tol_SuretyBondOtherObligationsMember_E35904326DAF5871813E29CBBFBEEE1C" xlink:type="locator" />
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    <link:label id="lab_tol_May2016RevolvingCreditFacilityMember_231804658272909AB3E00631EBF6D999_terseLabel_en-US" xlink:label="lab_tol_May2016RevolvingCreditFacilityMember_3672B27A03B75CB6A344BED9CB62E68C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">May 2016 Revolving Credit Facility [Member]</link:label>
    <link:label id="lab_tol_May2016RevolvingCreditFacilityMember_231804658272909AB3E00631EBF6D999_label_en-US" xlink:label="lab_tol_May2016RevolvingCreditFacilityMember_3672B27A03B75CB6A344BED9CB62E68C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">May 2016 Revolving Credit Facility [Member]</link:label>
    <link:label id="lab_tol_May2016RevolvingCreditFacilityMember_231804658272909AB3E00631EBF6D999_documentation_en-US" xlink:label="lab_tol_May2016RevolvingCreditFacilityMember_3672B27A03B75CB6A344BED9CB62E68C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">May 2016 Revolving Credit Facility [Member]</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_May2016RevolvingCreditFacilityMember" xlink:label="loc_tol_May2016RevolvingCreditFacilityMember_3672B27A03B75CB6A344BED9CB62E68C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LossContingenciesLineItems_21AF97BB9C2985BEBD2E0631EBF729F2_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingenciesLineItems_3D16E744B8CA501BA6A025CDFF840104" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss Contingencies [Line Items]</link:label>
    <link:label id="lab_us-gaap_LossContingenciesLineItems_21AF97BB9C2985BEBD2E0631EBF729F2_label_en-US" xlink:label="lab_us-gaap_LossContingenciesLineItems_3D16E744B8CA501BA6A025CDFF840104" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingencies [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingenciesLineItems" xlink:label="loc_us-gaap_LossContingenciesLineItems_3D16E744B8CA501BA6A025CDFF840104" xlink:type="locator" />
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    <link:label id="lab_tol_OutstandingSuretyBondsAmount_4F7B74100BC0EAB313410631EBFC93B4_terseLabel_en-US" xlink:label="lab_tol_OutstandingSuretyBondsAmount_CFC087C07F5259B1B9FCB0CC9CA981CE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Outstanding Surety Bonds Amount</link:label>
    <link:label id="lab_tol_OutstandingSuretyBondsAmount_4F7B74100BC0EAB313410631EBFC93B4_label_en-US" xlink:label="lab_tol_OutstandingSuretyBondsAmount_CFC087C07F5259B1B9FCB0CC9CA981CE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Outstanding Surety Bonds Amount</link:label>
    <link:label id="lab_tol_OutstandingSuretyBondsAmount_4F7B74100BC0EAB313410631EBFC93B4_documentation_en-US" xlink:label="lab_tol_OutstandingSuretyBondsAmount_CFC087C07F5259B1B9FCB0CC9CA981CE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">outstanding surety bonds amount.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_OutstandingSuretyBondsAmount" xlink:label="loc_tol_OutstandingSuretyBondsAmount_CFC087C07F5259B1B9FCB0CC9CA981CE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_OutstandingSuretyBondsAmount_CFC087C07F5259B1B9FCB0CC9CA981CE" xlink:to="lab_tol_OutstandingSuretyBondsAmount_CFC087C07F5259B1B9FCB0CC9CA981CE" xlink:type="arc" />
    <link:label id="lab_tol_AmountWorkRemainsOnImprovements_9A9A5EC4D879F53098050631EBFCA8CE_verboseLabel_en-US" xlink:label="lab_tol_AmountWorkRemainsOnImprovements_9E96EC3AFCFE5109B55B2206F082BE46" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Amount of work remains on improvements in the Company's various communities</link:label>
    <link:label id="lab_tol_AmountWorkRemainsOnImprovements_9A9A5EC4D879F53098050631EBFCA8CE_label_en-US" xlink:label="lab_tol_AmountWorkRemainsOnImprovements_9E96EC3AFCFE5109B55B2206F082BE46" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amount Work Remains on Improvements</link:label>
    <link:label id="lab_tol_AmountWorkRemainsOnImprovements_9A9A5EC4D879F53098050631EBFCA8CE_documentation_en-US" xlink:label="lab_tol_AmountWorkRemainsOnImprovements_9E96EC3AFCFE5109B55B2206F082BE46" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount work remains on improvements.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_AmountWorkRemainsOnImprovements" xlink:label="loc_tol_AmountWorkRemainsOnImprovements_9E96EC3AFCFE5109B55B2206F082BE46" xlink:type="locator" />
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    <link:label id="lab_tol_AdditionalSuretyBondsOutstanding_9BF4DD820AACB8969B030631EBFDB8AD_verboseLabel_en-US" xlink:label="lab_tol_AdditionalSuretyBondsOutstanding_A6A3764D0D985363A7E8728CFD717313" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Additional outstanding surety bonds</link:label>
    <link:label id="lab_tol_AdditionalSuretyBondsOutstanding_9BF4DD820AACB8969B030631EBFDB8AD_label_en-US" xlink:label="lab_tol_AdditionalSuretyBondsOutstanding_A6A3764D0D985363A7E8728CFD717313" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional Surety Bonds Outstanding</link:label>
    <link:label id="lab_tol_AdditionalSuretyBondsOutstanding_9BF4DD820AACB8969B030631EBFDB8AD_documentation_en-US" xlink:label="lab_tol_AdditionalSuretyBondsOutstanding_A6A3764D0D985363A7E8728CFD717313" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Additional surety bonds outstanding.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_AdditionalSuretyBondsOutstanding" xlink:label="loc_tol_AdditionalSuretyBondsOutstanding_A6A3764D0D985363A7E8728CFD717313" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LettersOfCreditOutstandingAmount_04995FE732148DE1C9F80631EBFDCF6A_terseLabel_en-US" xlink:label="lab_us-gaap_LettersOfCreditOutstandingAmount_7D21F9605E19503C92441ABD991E97C0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Letters of Credit Outstanding, Amount</link:label>
    <link:label id="lab_us-gaap_LettersOfCreditOutstandingAmount_04995FE732148DE1C9F80631EBFDCF6A_label_en-US" xlink:label="lab_us-gaap_LettersOfCreditOutstandingAmount_7D21F9605E19503C92441ABD991E97C0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Letters of Credit Outstanding, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LettersOfCreditOutstandingAmount" xlink:label="loc_us-gaap_LettersOfCreditOutstandingAmount_7D21F9605E19503C92441ABD991E97C0" xlink:type="locator" />
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    <link:label id="lab_tol_NumberOfHomesToBeDelivered_2131ACD1E85F59CD61C10631EBFD7AD0_verboseLabel_en-US" xlink:label="lab_tol_NumberOfHomesToBeDelivered_698152ABBB735E09B310E4050E53E9B7" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Number of homes to be delivered</link:label>
    <link:label id="lab_tol_NumberOfHomesToBeDelivered_2131ACD1E85F59CD61C10631EBFD7AD0_label_en-US" xlink:label="lab_tol_NumberOfHomesToBeDelivered_698152ABBB735E09B310E4050E53E9B7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of Homes to be Delivered</link:label>
    <link:label id="lab_tol_NumberOfHomesToBeDelivered_2131ACD1E85F59CD61C10631EBFD7AD0_documentation_en-US" xlink:label="lab_tol_NumberOfHomesToBeDelivered_698152ABBB735E09B310E4050E53E9B7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of homes to be delivered.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_NumberOfHomesToBeDelivered" xlink:label="loc_tol_NumberOfHomesToBeDelivered_698152ABBB735E09B310E4050E53E9B7" xlink:type="locator" />
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    <link:label id="lab_tol_SalesValueOfOutstandingDeliverHomes_7971747B2DEAE3ACB0860631EBFE5976_verboseLabel_en-US" xlink:label="lab_tol_SalesValueOfOutstandingDeliverHomes_00F61F0D0D5A5D59B0E706542381EFA6" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Aggregate sales value of outstanding homes to be delivered</link:label>
    <link:label id="lab_tol_SalesValueOfOutstandingDeliverHomes_7971747B2DEAE3ACB0860631EBFE5976_label_en-US" xlink:label="lab_tol_SalesValueOfOutstandingDeliverHomes_00F61F0D0D5A5D59B0E706542381EFA6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sales Value of Outstanding Deliver Homes</link:label>
    <link:label id="lab_tol_SalesValueOfOutstandingDeliverHomes_7971747B2DEAE3ACB0860631EBFE5976_documentation_en-US" xlink:label="lab_tol_SalesValueOfOutstandingDeliverHomes_00F61F0D0D5A5D59B0E706542381EFA6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Aggregate sales value of outstanding homes to be delivered.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_SalesValueOfOutstandingDeliverHomes" xlink:label="loc_tol_SalesValueOfOutstandingDeliverHomes_00F61F0D0D5A5D59B0E706542381EFA6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_SalesValueOfOutstandingDeliverHomes_00F61F0D0D5A5D59B0E706542381EFA6" xlink:to="lab_tol_SalesValueOfOutstandingDeliverHomes_00F61F0D0D5A5D59B0E706542381EFA6" xlink:type="arc" />
    <link:label id="lab_tol_RealestateinventorycapitalizedinterestcostsTable_EAF7EB27830BB6CEFFAB120B9740F0F0_terseLabel_en-US" xlink:label="lab_tol_RealestateinventorycapitalizedinterestcostsTable_EAF7EB27830BB6CEFFAB120B9740F0F0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Real estate inventory capitalized interest costs [Table]</link:label>
    <link:label id="lab_tol_RealestateinventorycapitalizedinterestcostsTable_EAF7EB27830BB6CEFFAB120B9740F0F0_label_en-US" xlink:label="lab_tol_RealestateinventorycapitalizedinterestcostsTable_EAF7EB27830BB6CEFFAB120B9740F0F0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real estate inventory capitalized interest costs [Table]</link:label>
    <link:label id="lab_tol_RealestateinventorycapitalizedinterestcostsTable_EAF7EB27830BB6CEFFAB120B9740F0F0_documentation_en-US" xlink:label="lab_tol_RealestateinventorycapitalizedinterestcostsTable_EAF7EB27830BB6CEFFAB120B9740F0F0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information related to interest capitalized into homebuilding inventory</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_RealestateinventorycapitalizedinterestcostsTable" xlink:label="loc_tol_RealestateinventorycapitalizedinterestcostsTable_EAF7EB27830BB6CEFFAB120B9740F0F0" xlink:type="locator" />
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    <link:label id="lab_tol_RealestateinventorycapitalizedinterestcostsLineItems_9105A00D446C71781405120B974B80E9_label_en-US" xlink:label="lab_tol_RealestateinventorycapitalizedinterestcostsLineItems_9105A00D446C71781405120B974B80E9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real estate inventory capitalized interest costs [Line Items]</link:label>
    <link:label id="lab_tol_RealestateinventorycapitalizedinterestcostsLineItems_9105A00D446C71781405120B974B80E9_documentation_en-US" xlink:label="lab_tol_RealestateinventorycapitalizedinterestcostsLineItems_9105A00D446C71781405120B974B80E9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">[Line Items] for Information related to interest capitalized into homebuilding inventory</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_RealestateinventorycapitalizedinterestcostsLineItems" xlink:label="loc_tol_RealestateinventorycapitalizedinterestcostsLineItems_9105A00D446C71781405120B974B80E9" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RealEstateInventoryCapitalizedInterestCosts_7313E0FFB85D578AC5A41208612F5D50_periodStartLabel_en-US" xlink:label="lab_us-gaap_RealEstateInventoryCapitalizedInterestCosts_7313E0FFB85D578AC5A41208612F5D50" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Interest capitalized, beginning of period</link:label>
    <link:label id="lab_us-gaap_RealEstateInventoryCapitalizedInterestCosts_7313E0FFB85D578AC5A41208612F5D50_label_en-US" xlink:label="lab_us-gaap_RealEstateInventoryCapitalizedInterestCosts_7313E0FFB85D578AC5A41208612F5D50" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate Inventory, Capitalized Interest Costs</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RealEstateInventoryCapitalizedInterestCosts" xlink:label="loc_us-gaap_RealEstateInventoryCapitalizedInterestCosts_7313E0FFB85D578AC5A41208612F5D50" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RealEstateInventoryCapitalizedInterestCostsIncurred_0B13D79FBA7B43C4894E1208612FE580_verboseLabel_en-US" xlink:label="lab_us-gaap_RealEstateInventoryCapitalizedInterestCostsIncurred_0B13D79FBA7B43C4894E1208612FE580" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Interest incurred</link:label>
    <link:label id="lab_us-gaap_RealEstateInventoryCapitalizedInterestCostsIncurred_0B13D79FBA7B43C4894E1208612FE580_label_en-US" xlink:label="lab_us-gaap_RealEstateInventoryCapitalizedInterestCostsIncurred_0B13D79FBA7B43C4894E1208612FE580" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate Inventory, Capitalized Interest Costs Incurred</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RealEstateInventoryCapitalizedInterestCostsIncurred" xlink:label="loc_us-gaap_RealEstateInventoryCapitalizedInterestCostsIncurred_0B13D79FBA7B43C4894E1208612FE580" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RealEstateInventoryCapitalizedInterestCostsCostOfSales1_6AE418629327ED6C92971208612F7820_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_RealEstateInventoryCapitalizedInterestCostsCostOfSales1_6AE418629327ED6C92971208612F7820" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Interest expensed to cost of revenues</link:label>
    <link:label id="lab_us-gaap_RealEstateInventoryCapitalizedInterestCostsCostOfSales1_6AE418629327ED6C92971208612F7820_label_en-US" xlink:label="lab_us-gaap_RealEstateInventoryCapitalizedInterestCostsCostOfSales1_6AE418629327ED6C92971208612F7820" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate Inventory, Capitalized Interest Costs, Cost of Sales</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RealEstateInventoryCapitalizedInterestCostsCostOfSales1" xlink:label="loc_us-gaap_RealEstateInventoryCapitalizedInterestCostsCostOfSales1_6AE418629327ED6C92971208612F7820" xlink:type="locator" />
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    <link:label id="lab_tol_RealEstateInventoryCapitalizedInterestOtherIncome_6ED558B0A55858D934471208612F8234_negatedTerseLabel_en-US" xlink:label="lab_tol_RealEstateInventoryCapitalizedInterestOtherIncome_6ED558B0A55858D934471208612F8234" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Write-off against other income</link:label>
    <link:label id="lab_tol_RealEstateInventoryCapitalizedInterestOtherIncome_6ED558B0A55858D934471208612F8234_label_en-US" xlink:label="lab_tol_RealEstateInventoryCapitalizedInterestOtherIncome_6ED558B0A55858D934471208612F8234" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate Inventory Capitalized Interest Other Income</link:label>
    <link:label id="lab_tol_RealEstateInventoryCapitalizedInterestOtherIncome_6ED558B0A55858D934471208612F8234_documentation_en-US" xlink:label="lab_tol_RealEstateInventoryCapitalizedInterestOtherIncome_6ED558B0A55858D934471208612F8234" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of interest costs that had been capitalized to inventory which were charged to other income during the period.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_RealEstateInventoryCapitalizedInterestOtherIncome" xlink:label="loc_tol_RealEstateInventoryCapitalizedInterestOtherIncome_6ED558B0A55858D934471208612F8234" xlink:type="locator" />
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    <link:label id="lab_tol_InterestReclassifiedToPropertyConstructionAndOfficeEquipment_DE5384F2CD5616F1ABDC120861303165_terseLabel_en-US" xlink:label="lab_tol_InterestReclassifiedToPropertyConstructionAndOfficeEquipment_DE5384F2CD5616F1ABDC120861303165" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Reclassified to Property Construction and Office Equipment</link:label>
    <link:label id="lab_tol_InterestReclassifiedToPropertyConstructionAndOfficeEquipment_DE5384F2CD5616F1ABDC120861303165_label_en-US" xlink:label="lab_tol_InterestReclassifiedToPropertyConstructionAndOfficeEquipment_DE5384F2CD5616F1ABDC120861303165" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Reclassified to Property Construction and Office Equipment</link:label>
    <link:label id="lab_tol_InterestReclassifiedToPropertyConstructionAndOfficeEquipment_DE5384F2CD5616F1ABDC120861303165_documentation_en-US" xlink:label="lab_tol_InterestReclassifiedToPropertyConstructionAndOfficeEquipment_DE5384F2CD5616F1ABDC120861303165" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest reclassified to property construction and office equipment.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_InterestReclassifiedToPropertyConstructionAndOfficeEquipment" xlink:label="loc_tol_InterestReclassifiedToPropertyConstructionAndOfficeEquipment_DE5384F2CD5616F1ABDC120861303165" xlink:type="locator" />
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    <link:label id="lab_tol_RealEstateInventoryCapitalizedInterestUnconsolidatedEntities_70FF39DE93F1512E6982120861301A6E_terseLabel_en-US" xlink:label="lab_tol_RealEstateInventoryCapitalizedInterestUnconsolidatedEntities_70FF39DE93F1512E6982120861301A6E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capitalized interest on investments in unconsolidated entities</link:label>
    <link:label id="lab_tol_RealEstateInventoryCapitalizedInterestUnconsolidatedEntities_70FF39DE93F1512E6982120861301A6E_label_en-US" xlink:label="lab_tol_RealEstateInventoryCapitalizedInterestUnconsolidatedEntities_70FF39DE93F1512E6982120861301A6E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate Inventory Capitalized Interest Unconsolidated Entities</link:label>
    <link:label id="lab_tol_RealEstateInventoryCapitalizedInterestUnconsolidatedEntities_70FF39DE93F1512E6982120861301A6E_documentation_en-US" xlink:label="lab_tol_RealEstateInventoryCapitalizedInterestUnconsolidatedEntities_70FF39DE93F1512E6982120861301A6E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of interest costs that had been capitalized to inventory which were not included in the consolidated total as they related to unconsolidated entities.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_RealEstateInventoryCapitalizedInterestUnconsolidatedEntities" xlink:label="loc_tol_RealEstateInventoryCapitalizedInterestUnconsolidatedEntities_70FF39DE93F1512E6982120861301A6E" xlink:type="locator" />
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    <link:label id="lab_tol_RealEstateInventoryCapitalizedInterestTransferredtoUnconsolidatedEntities_76629CEF0C299BA26E311208613094BD_terseLabel_en-US" xlink:label="lab_tol_RealEstateInventoryCapitalizedInterestTransferredtoUnconsolidatedEntities_76629CEF0C299BA26E311208613094BD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Real Estate Inventory Capitalized Interest Transferred to Unconsolidated Entities</link:label>
    <link:label id="lab_tol_RealEstateInventoryCapitalizedInterestTransferredtoUnconsolidatedEntities_76629CEF0C299BA26E311208613094BD_label_en-US" xlink:label="lab_tol_RealEstateInventoryCapitalizedInterestTransferredtoUnconsolidatedEntities_76629CEF0C299BA26E311208613094BD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate Inventory Capitalized Interest Transferred to Unconsolidated Entities</link:label>
    <link:label id="lab_tol_RealEstateInventoryCapitalizedInterestTransferredtoUnconsolidatedEntities_76629CEF0C299BA26E311208613094BD_documentation_en-US" xlink:label="lab_tol_RealEstateInventoryCapitalizedInterestTransferredtoUnconsolidatedEntities_76629CEF0C299BA26E311208613094BD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of interest costs that had been capitalized previously and transferred to unconsolidated entities during the period.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_RealEstateInventoryCapitalizedInterestTransferredtoUnconsolidatedEntities" xlink:label="loc_tol_RealEstateInventoryCapitalizedInterestTransferredtoUnconsolidatedEntities_76629CEF0C299BA26E311208613094BD" xlink:type="locator" />
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    <link:label id="lab_tol_RealEstateInventoryCapitalizedInterestUnconsolidatedEntitiesTransfertoInventory_2AC5B26C53A1F712D5FC12086130F132_terseLabel_en-US" xlink:label="lab_tol_RealEstateInventoryCapitalizedInterestUnconsolidatedEntitiesTransfertoInventory_2AC5B26C53A1F712D5FC12086130F132" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Previously capitalized interest in unconsolidated entities transferred to inventory</link:label>
    <link:label id="lab_tol_RealEstateInventoryCapitalizedInterestUnconsolidatedEntitiesTransfertoInventory_2AC5B26C53A1F712D5FC12086130F132_label_en-US" xlink:label="lab_tol_RealEstateInventoryCapitalizedInterestUnconsolidatedEntitiesTransfertoInventory_2AC5B26C53A1F712D5FC12086130F132" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate Inventory Capitalized Interest Unconsolidated Entities Transfer to Inventory</link:label>
    <link:label id="lab_tol_RealEstateInventoryCapitalizedInterestUnconsolidatedEntitiesTransfertoInventory_2AC5B26C53A1F712D5FC12086130F132_documentation_en-US" xlink:label="lab_tol_RealEstateInventoryCapitalizedInterestUnconsolidatedEntitiesTransfertoInventory_2AC5B26C53A1F712D5FC12086130F132" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of interest costs that had been capitalized by unconsolidated entities and transferred to inventory during the period.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_RealEstateInventoryCapitalizedInterestUnconsolidatedEntitiesTransfertoInventory" xlink:label="loc_tol_RealEstateInventoryCapitalizedInterestUnconsolidatedEntitiesTransfertoInventory_2AC5B26C53A1F712D5FC12086130F132" xlink:type="locator" />
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    <link:label id="lab_us-gaap_StatementTable_A9732CB1DBC6B198A83E24CB11D379C5_terseLabel_en-US" xlink:label="lab_us-gaap_StatementTable_A9732CB1DBC6B198A83E24CB11D379C5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_A9732CB1DBC6B198A83E24CB11D379C5" xlink:type="locator" />
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    <link:label id="lab_tol_AncillarybusinessbytypeAxis_AED04048DE5114CED92824CB11D3F0B7_terseLabel_en-US" xlink:label="lab_tol_AncillarybusinessbytypeAxis_AED04048DE5114CED92824CB11D3F0B7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ancillary business by type [Axis]</link:label>
    <link:label id="lab_tol_AncillarybusinessbytypeAxis_AED04048DE5114CED92824CB11D3F0B7_label_en-US" xlink:label="lab_tol_AncillarybusinessbytypeAxis_AED04048DE5114CED92824CB11D3F0B7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ancillary business by type [Axis]</link:label>
    <link:label id="lab_tol_AncillarybusinessbytypeAxis_AED04048DE5114CED92824CB11D3F0B7_documentation_en-US" xlink:label="lab_tol_AncillarybusinessbytypeAxis_AED04048DE5114CED92824CB11D3F0B7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information about the type of ancillary business income earned by type</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_AncillarybusinessbytypeAxis" xlink:label="loc_tol_AncillarybusinessbytypeAxis_AED04048DE5114CED92824CB11D3F0B7" xlink:type="locator" />
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    <link:label id="lab_tol_AncillarybusinessbytypeDomain_7AC3B18672A063C77ED224CB11D40CE4_terseLabel_en-US" xlink:label="lab_tol_AncillarybusinessbytypeDomain_7AC3B18672A063C77ED224CB11D40CE4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ancillary business by type [Domain]</link:label>
    <link:label id="lab_tol_AncillarybusinessbytypeDomain_7AC3B18672A063C77ED224CB11D40CE4_label_en-US" xlink:label="lab_tol_AncillarybusinessbytypeDomain_7AC3B18672A063C77ED224CB11D40CE4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ancillary business by type [Domain]</link:label>
    <link:label id="lab_tol_AncillarybusinessbytypeDomain_7AC3B18672A063C77ED224CB11D40CE4_documentation_en-US" xlink:label="lab_tol_AncillarybusinessbytypeDomain_7AC3B18672A063C77ED224CB11D40CE4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">[Domain] for Information about the type of ancillary business income earned by type</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_AncillarybusinessbytypeDomain" xlink:label="loc_tol_AncillarybusinessbytypeDomain_7AC3B18672A063C77ED224CB11D40CE4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_AncillarybusinessbytypeDomain_7AC3B18672A063C77ED224CB11D40CE4" xlink:to="lab_tol_AncillarybusinessbytypeDomain_7AC3B18672A063C77ED224CB11D40CE4" xlink:type="arc" />
    <link:label id="lab_tol_ApartmentlivingMember_1538218DEA38DE312BE824CB11D451FE_terseLabel_en-US" xlink:label="lab_tol_ApartmentlivingMember_1538218DEA38DE312BE824CB11D451FE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Apartment living [Member]</link:label>
    <link:label id="lab_tol_ApartmentlivingMember_1538218DEA38DE312BE824CB11D451FE_label_en-US" xlink:label="lab_tol_ApartmentlivingMember_1538218DEA38DE312BE824CB11D451FE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Apartment living [Member]</link:label>
    <link:label id="lab_tol_ApartmentlivingMember_1538218DEA38DE312BE824CB11D451FE_documentation_en-US" xlink:label="lab_tol_ApartmentlivingMember_1538218DEA38DE312BE824CB11D451FE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Apartment Living, a wholly owned subsidiary of the reporting entity</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_ApartmentlivingMember" xlink:label="loc_tol_ApartmentlivingMember_1538218DEA38DE312BE824CB11D451FE" xlink:type="locator" />
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    <link:label id="lab_tol_GolfClubPropertiesMember_B6D7942C08599237738324CB11D6781C_terseLabel_en-US" xlink:label="lab_tol_GolfClubPropertiesMember_B6D7942C08599237738324CB11D6781C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Golf Club Properties [Member]</link:label>
    <link:label id="lab_tol_GolfClubPropertiesMember_B6D7942C08599237738324CB11D6781C_label_en-US" xlink:label="lab_tol_GolfClubPropertiesMember_B6D7942C08599237738324CB11D6781C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Golf Club Properties [Member]</link:label>
    <link:label id="lab_tol_GolfClubPropertiesMember_B6D7942C08599237738324CB11D6781C_documentation_en-US" xlink:label="lab_tol_GolfClubPropertiesMember_B6D7942C08599237738324CB11D6781C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Golf Club Properties [Member]</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_GolfClubPropertiesMember" xlink:label="loc_tol_GolfClubPropertiesMember_B6D7942C08599237738324CB11D6781C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_GolfClubPropertiesMember_B6D7942C08599237738324CB11D6781C" xlink:to="lab_tol_GolfClubPropertiesMember_B6D7942C08599237738324CB11D6781C" xlink:type="arc" />
    <link:label id="lab_tol_SecurityMonitoringBusinessMember_A0C045826F14C45320FA24CB11D792A6_terseLabel_en-US" xlink:label="lab_tol_SecurityMonitoringBusinessMember_A0C045826F14C45320FA24CB11D792A6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Security Monitoring Business [Member]</link:label>
    <link:label id="lab_tol_SecurityMonitoringBusinessMember_A0C045826F14C45320FA24CB11D792A6_label_en-US" xlink:label="lab_tol_SecurityMonitoringBusinessMember_A0C045826F14C45320FA24CB11D792A6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Security Monitoring Business [Member]</link:label>
    <link:label id="lab_tol_SecurityMonitoringBusinessMember_A0C045826F14C45320FA24CB11D792A6_documentation_en-US" xlink:label="lab_tol_SecurityMonitoringBusinessMember_A0C045826F14C45320FA24CB11D792A6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Security Monitoring Business [Member]</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_SecurityMonitoringBusinessMember" xlink:label="loc_tol_SecurityMonitoringBusinessMember_A0C045826F14C45320FA24CB11D792A6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_SecurityMonitoringBusinessMember_A0C045826F14C45320FA24CB11D792A6" xlink:to="lab_tol_SecurityMonitoringBusinessMember_A0C045826F14C45320FA24CB11D792A6" xlink:type="arc" />
    <link:label id="lab_tol_IncomefromAncillaryBusinesses_90C233EAA2D89C3D289D24CB11D75863_terseLabel_en-US" xlink:label="lab_tol_IncomefromAncillaryBusinesses_90C233EAA2D89C3D289D24CB11D75863" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income from Ancillary Businesses</link:label>
    <link:label id="lab_tol_IncomefromAncillaryBusinesses_90C233EAA2D89C3D289D24CB11D75863_label_en-US" xlink:label="lab_tol_IncomefromAncillaryBusinesses_90C233EAA2D89C3D289D24CB11D75863" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income from Ancillary Businesses</link:label>
    <link:label id="lab_tol_IncomefromAncillaryBusinesses_90C233EAA2D89C3D289D24CB11D75863_documentation_en-US" xlink:label="lab_tol_IncomefromAncillaryBusinesses_90C233EAA2D89C3D289D24CB11D75863" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the excess (deficiency) of revenue from the reporting entity's non-core ancillary businesses over the cost incurred, which is recognized in other nonoperating income.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_IncomefromAncillaryBusinesses" xlink:label="loc_tol_IncomefromAncillaryBusinesses_90C233EAA2D89C3D289D24CB11D75863" xlink:type="locator" />
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    <link:label id="lab_us-gaap_GainLossOnSaleOfBusiness_2BE77E3ACC14D5016E7124CB11DD8D41_terseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfBusiness_2BE77E3ACC14D5016E7124CB11DD8D41" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Disposition of Business</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GainLossOnSaleOfBusiness" xlink:label="loc_us-gaap_GainLossOnSaleOfBusiness_2BE77E3ACC14D5016E7124CB11DD8D41" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LossContingencySettlementAbstract_0F07646B5ABB6E65105D2BEF4CB1CE57_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingencySettlementAbstract_0F07646B5ABB6E65105D2BEF4CB1CE57" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss Contingency, Settlement [Abstract]</link:label>
    <link:label id="lab_us-gaap_LossContingencySettlementAbstract_0F07646B5ABB6E65105D2BEF4CB1CE57_label_en-US" xlink:label="lab_us-gaap_LossContingencySettlementAbstract_0F07646B5ABB6E65105D2BEF4CB1CE57" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency, Settlement [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingencySettlementAbstract" xlink:label="loc_us-gaap_LossContingencySettlementAbstract_0F07646B5ABB6E65105D2BEF4CB1CE57" xlink:type="locator" />
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    <link:label id="lab_tol_RentalPropertyJointVentureMetroWashingtonD.C.TwoMember_5AC7D858E3837BE7DFF12BEF4CB1E15D_terseLabel_en-US" xlink:label="lab_tol_RentalPropertyJointVentureMetroWashingtonD.C.TwoMember_5AC7D858E3837BE7DFF12BEF4CB1E15D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rental Property Joint Venture Metro Washington, D.C. Two [Member]</link:label>
    <link:label id="lab_tol_RentalPropertyJointVentureMetroWashingtonD.C.TwoMember_5AC7D858E3837BE7DFF12BEF4CB1E15D_label_en-US" xlink:label="lab_tol_RentalPropertyJointVentureMetroWashingtonD.C.TwoMember_5AC7D858E3837BE7DFF12BEF4CB1E15D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rental Property Joint Venture Metro Washington, D.C. Two [Member]</link:label>
    <link:label id="lab_tol_RentalPropertyJointVentureMetroWashingtonD.C.TwoMember_5AC7D858E3837BE7DFF12BEF4CB1E15D_documentation_en-US" xlink:label="lab_tol_RentalPropertyJointVentureMetroWashingtonD.C.TwoMember_5AC7D858E3837BE7DFF12BEF4CB1E15D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Joint venture to develop a second residential apartment project in the Capital Hill district of Washington, D.C.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_RentalPropertyJointVentureMetroWashingtonD.C.TwoMember" xlink:label="loc_tol_RentalPropertyJointVentureMetroWashingtonD.C.TwoMember_5AC7D858E3837BE7DFF12BEF4CB1E15D" xlink:type="locator" />
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    <link:label id="lab_tol_HomeBuildingJointVentureMetroNewYorkFourHomeBuildingJointVentureMetroNewYorkFiveandRentalPropertyJointVenturePrincetonJunctionMember_32DF125A3A1F6E230D7A2BEF4CB19F3E_terseLabel_en-US" xlink:label="lab_tol_HomeBuildingJointVentureMetroNewYorkFourHomeBuildingJointVentureMetroNewYorkFiveandRentalPropertyJointVenturePrincetonJunctionMember_32DF125A3A1F6E230D7A2BEF4CB19F3E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Home Building Joint Venture Metro New York Four, Home Building Joint Venture Metro New York Five, and Rental Property Joint Venture Princeton Junction [Member]</link:label>
    <link:label id="lab_tol_HomeBuildingJointVentureMetroNewYorkFourHomeBuildingJointVentureMetroNewYorkFiveandRentalPropertyJointVenturePrincetonJunctionMember_32DF125A3A1F6E230D7A2BEF4CB19F3E_label_en-US" xlink:label="lab_tol_HomeBuildingJointVentureMetroNewYorkFourHomeBuildingJointVentureMetroNewYorkFiveandRentalPropertyJointVenturePrincetonJunctionMember_32DF125A3A1F6E230D7A2BEF4CB19F3E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Home Building Joint Venture Metro New York Four, Home Building Joint Venture Metro New York Five, and Rental Property Joint Venture Princeton Junction [Member]</link:label>
    <link:label id="lab_tol_HomeBuildingJointVentureMetroNewYorkFourHomeBuildingJointVentureMetroNewYorkFiveandRentalPropertyJointVenturePrincetonJunctionMember_32DF125A3A1F6E230D7A2BEF4CB19F3E_documentation_en-US" xlink:label="lab_tol_HomeBuildingJointVentureMetroNewYorkFourHomeBuildingJointVentureMetroNewYorkFiveandRentalPropertyJointVenturePrincetonJunctionMember_32DF125A3A1F6E230D7A2BEF4CB19F3E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Home Building Joint Venture Metro New York Four, Home Building Joint Venture Metro New York Five, and Rental Property Joint Venture Princeton Junction [Member]</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_HomeBuildingJointVentureMetroNewYorkFourHomeBuildingJointVentureMetroNewYorkFiveandRentalPropertyJointVenturePrincetonJunctionMember" xlink:label="loc_tol_HomeBuildingJointVentureMetroNewYorkFourHomeBuildingJointVentureMetroNewYorkFiveandRentalPropertyJointVenturePrincetonJunctionMember_32DF125A3A1F6E230D7A2BEF4CB19F3E" xlink:type="locator" />
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    <link:label id="lab_tol_RentalPropertyJointVentureAtlantaGAMember_55C1C8A00E199F6BB8662BEF4CB12F0E_terseLabel_en-US" xlink:label="lab_tol_RentalPropertyJointVentureAtlantaGAMember_55C1C8A00E199F6BB8662BEF4CB12F0E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rental Property Joint Venture Atlanta, GA [Member]</link:label>
    <link:label id="lab_tol_RentalPropertyJointVentureAtlantaGAMember_55C1C8A00E199F6BB8662BEF4CB12F0E_label_en-US" xlink:label="lab_tol_RentalPropertyJointVentureAtlantaGAMember_55C1C8A00E199F6BB8662BEF4CB12F0E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rental Property Joint Venture Atlanta, GA [Member]</link:label>
    <link:label id="lab_tol_RentalPropertyJointVentureAtlantaGAMember_55C1C8A00E199F6BB8662BEF4CB12F0E_documentation_en-US" xlink:label="lab_tol_RentalPropertyJointVentureAtlantaGAMember_55C1C8A00E199F6BB8662BEF4CB12F0E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Joint venture to develop luxury for-rent residential apartment project in Atlanta, GA</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_RentalPropertyJointVentureAtlantaGAMember" xlink:label="loc_tol_RentalPropertyJointVentureAtlantaGAMember_55C1C8A00E199F6BB8662BEF4CB12F0E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_RentalPropertyJointVentureAtlantaGAMember_55C1C8A00E199F6BB8662BEF4CB12F0E" xlink:to="lab_tol_RentalPropertyJointVentureAtlantaGAMember_55C1C8A00E199F6BB8662BEF4CB12F0E" xlink:type="arc" />
    <link:label id="lab_tol_RentalPropertyJointVenturesBelmontMAand2WashingtonD.C.Member_3A76A11992BD19DD919C2BEF4CB1457C_terseLabel_en-US" xlink:label="lab_tol_RentalPropertyJointVenturesBelmontMAand2WashingtonD.C.Member_3A76A11992BD19DD919C2BEF4CB1457C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rental Property Joint Ventures Belmont MA and 2 Washington D.C. [Member]</link:label>
    <link:label id="lab_tol_RentalPropertyJointVenturesBelmontMAand2WashingtonD.C.Member_3A76A11992BD19DD919C2BEF4CB1457C_label_en-US" xlink:label="lab_tol_RentalPropertyJointVenturesBelmontMAand2WashingtonD.C.Member_3A76A11992BD19DD919C2BEF4CB1457C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rental Property Joint Ventures Belmont MA and 2 Washington D.C. [Member]</link:label>
    <link:label id="lab_tol_RentalPropertyJointVenturesBelmontMAand2WashingtonD.C.Member_3A76A11992BD19DD919C2BEF4CB1457C_documentation_en-US" xlink:label="lab_tol_RentalPropertyJointVenturesBelmontMAand2WashingtonD.C.Member_3A76A11992BD19DD919C2BEF4CB1457C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rental Property Joint Ventures Belmont MA and 2 Washington D.C. [Member] joint ventures located in Belmont, Massachusetts and two in Washington, D.C. in which our partner acquired a 50% interest.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_RentalPropertyJointVenturesBelmontMAand2WashingtonD.C.Member" xlink:label="loc_tol_RentalPropertyJointVenturesBelmontMAand2WashingtonD.C.Member_3A76A11992BD19DD919C2BEF4CB1457C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RetailLandSalesInstallmentMethodGrossProfitDeferred_A7D56906BA4241E81C6B2BEF4CB55F4C_terseLabel_en-US" xlink:label="lab_us-gaap_RetailLandSalesInstallmentMethodGrossProfitDeferred_A7D56906BA4241E81C6B2BEF4CB55F4C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retail Land Sales, Installment Method, Gross Profit, Deferred</link:label>
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    <link:label id="lab_tol_SupplementalGuarantorInformationTextBlock_27A71E9BE69EAB7786900631F2A611CF_terseLabel_en-US" xlink:label="lab_tol_SupplementalGuarantorInformationTextBlock_5D99951EBE8E59F89A1B660179402861" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Supplemental Guarantor Information [Text Block]</link:label>
    <link:label id="lab_tol_SupplementalGuarantorInformationTextBlock_27A71E9BE69EAB7786900631F2A611CF_label_en-US" xlink:label="lab_tol_SupplementalGuarantorInformationTextBlock_5D99951EBE8E59F89A1B660179402861" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Supplemental Guarantor Information [Text Block]</link:label>
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    <link:loc xlink:href="tol-20191031.xsd#tol_SupplementalGuarantorInformationTextBlock" xlink:label="loc_tol_SupplementalGuarantorInformationTextBlock_5D99951EBE8E59F89A1B660179402861" xlink:type="locator" />
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    <link:label id="lab_tol_ManagementFeeMember_E37FA7290B8B355FD4922BEF4CF7E0A1_terseLabel_en-US" xlink:label="lab_tol_ManagementFeeMember_E37FA7290B8B355FD4922BEF4CF7E0A1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Management Fee [Member]</link:label>
    <link:label id="lab_tol_ManagementFeeMember_E37FA7290B8B355FD4922BEF4CF7E0A1_label_en-US" xlink:label="lab_tol_ManagementFeeMember_E37FA7290B8B355FD4922BEF4CF7E0A1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Management Fee [Member]</link:label>
    <link:label id="lab_tol_ManagementFeeMember_E37FA7290B8B355FD4922BEF4CF7E0A1_documentation_en-US" xlink:label="lab_tol_ManagementFeeMember_E37FA7290B8B355FD4922BEF4CF7E0A1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Management Fee [Member]</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_ManagementFeeMember" xlink:label="loc_tol_ManagementFeeMember_E37FA7290B8B355FD4922BEF4CF7E0A1" xlink:type="locator" />
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    <link:label id="lab_us-gaap_InvestmentIncomeInterest_AD72C31AB6FAC3A3278F2BEF4CFB2936_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentIncomeInterest_AD72C31AB6FAC3A3278F2BEF4CFB2936" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest income</link:label>
    <link:label id="lab_us-gaap_InvestmentIncomeInterest_AD72C31AB6FAC3A3278F2BEF4CFB2936_label_en-US" xlink:label="lab_us-gaap_InvestmentIncomeInterest_AD72C31AB6FAC3A3278F2BEF4CFB2936" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment Income, Interest</link:label>
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    <link:label id="lab_us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax_0FFEA6919F0D43B64C002BEF4CFB6CA6_verboseLabel_en-US" xlink:label="lab_us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax_0FFEA6919F0D43B64C002BEF4CFB6CA6" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Management fee income from home building unconsolidated entities, net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax_0FFEA6919F0D43B64C002BEF4CFB6CA6" xlink:type="locator" />
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    <link:label id="lab_tol_OtherMiscIncome_BF9DFB1433B0BA8FE20A2BEF4CFB09F7_terseLabel_en-US" xlink:label="lab_tol_OtherMiscIncome_BF9DFB1433B0BA8FE20A2BEF4CFB09F7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_tol_OtherMiscIncome_BF9DFB1433B0BA8FE20A2BEF4CFB09F7_label_en-US" xlink:label="lab_tol_OtherMiscIncome_BF9DFB1433B0BA8FE20A2BEF4CFB09F7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other misc income</link:label>
    <link:label id="lab_tol_OtherMiscIncome_BF9DFB1433B0BA8FE20A2BEF4CFB09F7_documentation_en-US" xlink:label="lab_tol_OtherMiscIncome_BF9DFB1433B0BA8FE20A2BEF4CFB09F7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other misc income earned by the Company not separately disclosed.</link:label>
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    <link:label id="lab_us-gaap_OtherNonoperatingIncomeExpense_EA39E5A6E7FC4233C8B62BEF4CFB13AE_verboseLabel_en-US" xlink:label="lab_us-gaap_OtherNonoperatingIncomeExpense_EA39E5A6E7FC4233C8B62BEF4CFB13AE" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total other income - net</link:label>
    <link:label id="lab_us-gaap_OtherNonoperatingIncomeExpense_EA39E5A6E7FC4233C8B62BEF4CFB13AE_label_en-US" xlink:label="lab_us-gaap_OtherNonoperatingIncomeExpense_EA39E5A6E7FC4233C8B62BEF4CFB13AE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Nonoperating Income (Expense)</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherNonoperatingIncomeExpense_EA39E5A6E7FC4233C8B62BEF4CFB13AE" xlink:to="lab_us-gaap_OtherNonoperatingIncomeExpense_EA39E5A6E7FC4233C8B62BEF4CFB13AE" xlink:type="arc" />
    <link:label id="lab_tol_NonoperatingIncomeExpenseFromNonCoreAncillaryBusinessesAbstract_0D56B99151C93855733C2BEF4CFB68A9_verboseLabel_en-US" xlink:label="lab_tol_NonoperatingIncomeExpenseFromNonCoreAncillaryBusinessesAbstract_0D56B99151C93855733C2BEF4CFB68A9" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Revenues and expenses of non-core ancillary businesses</link:label>
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    <link:label id="lab_tol_NonoperatingIncomeExpenseFromNonCoreAncillaryBusinessesAbstract_0D56B99151C93855733C2BEF4CFB68A9_documentation_en-US" xlink:label="lab_tol_NonoperatingIncomeExpenseFromNonCoreAncillaryBusinessesAbstract_0D56B99151C93855733C2BEF4CFB68A9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Nonoperating income expense from non core ancillary businesses.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_NonoperatingIncomeExpenseFromNonCoreAncillaryBusinessesAbstract" xlink:label="loc_tol_NonoperatingIncomeExpenseFromNonCoreAncillaryBusinessesAbstract_0D56B99151C93855733C2BEF4CFB68A9" xlink:type="locator" />
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    <link:label id="lab_tol_RevenuefromAncillaryBusiness_85EAB210DE8E95B1C6262BEF4CFB32A4_terseLabel_en-US" xlink:label="lab_tol_RevenuefromAncillaryBusiness_85EAB210DE8E95B1C6262BEF4CFB32A4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue</link:label>
    <link:label id="lab_tol_RevenuefromAncillaryBusiness_85EAB210DE8E95B1C6262BEF4CFB32A4_label_en-US" xlink:label="lab_tol_RevenuefromAncillaryBusiness_85EAB210DE8E95B1C6262BEF4CFB32A4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue from Ancillary Business</link:label>
    <link:label id="lab_tol_RevenuefromAncillaryBusiness_85EAB210DE8E95B1C6262BEF4CFB32A4_documentation_en-US" xlink:label="lab_tol_RevenuefromAncillaryBusiness_85EAB210DE8E95B1C6262BEF4CFB32A4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revenue generated by the Company's non-core ancillary businesses.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_RevenuefromAncillaryBusiness" xlink:label="loc_tol_RevenuefromAncillaryBusiness_85EAB210DE8E95B1C6262BEF4CFB32A4" xlink:type="locator" />
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    <link:label id="lab_tol_ExpensesfromAncillaryBusinesses_DDE2336EC1116E3835832BEF4CFB0E9D_terseLabel_en-US" xlink:label="lab_tol_ExpensesfromAncillaryBusinesses_DDE2336EC1116E3835832BEF4CFB0E9D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expense</link:label>
    <link:label id="lab_tol_ExpensesfromAncillaryBusinesses_DDE2336EC1116E3835832BEF4CFB0E9D_label_en-US" xlink:label="lab_tol_ExpensesfromAncillaryBusinesses_DDE2336EC1116E3835832BEF4CFB0E9D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expenses from Ancillary Businesses</link:label>
    <link:label id="lab_tol_ExpensesfromAncillaryBusinesses_DDE2336EC1116E3835832BEF4CFB0E9D_documentation_en-US" xlink:label="lab_tol_ExpensesfromAncillaryBusinesses_DDE2336EC1116E3835832BEF4CFB0E9D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Expenses generated by the Company's non-core ancillary businesses.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_ExpensesfromAncillaryBusinesses" xlink:label="loc_tol_ExpensesfromAncillaryBusinesses_DDE2336EC1116E3835832BEF4CFB0E9D" xlink:type="locator" />
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    <link:loc xlink:href="tol-20191031.xsd#tol_ReceivablesprepaidexpensesandotherassetsTableTextBlock" xlink:label="loc_tol_ReceivablesprepaidexpensesandotherassetsTableTextBlock_2EB814E9070A5D32AD7BF5FB205A910C" xlink:type="locator" />
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    <link:label id="lab_tol_StockholersEquityAbstract_2C16E497F6D6BCF995B23390E982B369_label_en-US" xlink:label="lab_tol_StockholersEquityAbstract_2C16E497F6D6BCF995B23390E982B369" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stockholers' Equity [Abstract]</link:label>
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    <link:loc xlink:href="tol-20191031.xsd#tol_StockholersEquityAbstract" xlink:label="loc_tol_StockholersEquityAbstract_2C16E497F6D6BCF995B23390E982B369" xlink:type="locator" />
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    <link:label id="lab_tol_RentalJointVenturesincludingTrustsiandIIMember_5E66DC4AF622D06DE9403030E2BACCE7_terseLabel_en-US" xlink:label="lab_tol_RentalJointVenturesincludingTrustsiandIIMember_5E66DC4AF622D06DE9403030E2BACCE7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rental Property Joint Ventures, including Trust I [Member]</link:label>
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    <link:label id="lab_tol_GibraltarJointVenturesMember_E5C6DD891164245CE2413030E2BA3BBC_terseLabel_en-US" xlink:label="lab_tol_GibraltarJointVenturesMember_E5C6DD891164245CE2413030E2BA3BBC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gibraltar Joint Ventures [Member]</link:label>
    <link:label id="lab_tol_GibraltarJointVenturesMember_E5C6DD891164245CE2413030E2BA3BBC_label_en-US" xlink:label="lab_tol_GibraltarJointVenturesMember_E5C6DD891164245CE2413030E2BA3BBC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gibraltar Joint Ventures [Member]</link:label>
    <link:label id="lab_tol_GibraltarJointVenturesMember_E5C6DD891164245CE2413030E2BA3BBC_documentation_en-US" xlink:label="lab_tol_GibraltarJointVenturesMember_E5C6DD891164245CE2413030E2BA3BBC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Joint ventures established to invest in distressed loans and real estate and provide financing to residential builders and developers for the acquisition and development of land and home sites.</link:label>
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    <link:label id="lab_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationIncomeStatementAbstract_3FCF87EEB79086BA21353030E2BAD094_verboseLabel_en-US" xlink:label="lab_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationIncomeStatementAbstract_3FCF87EEB79086BA21353030E2BAD094" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Condensed Statements of Operations:</link:label>
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    <link:label id="lab_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue_DD38F07B762D5B74F5BE3030E2BA9A87_verboseLabel_en-US" xlink:label="lab_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue_DD38F07B762D5B74F5BE3030E2BA9A87" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Revenues</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue" xlink:label="loc_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue_DD38F07B762D5B74F5BE3030E2BA9A87" xlink:type="locator" />
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    <link:label id="lab_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCostOfSales_1BE304F84455BFD49B773030E2BABEFF_verboseLabel_en-US" xlink:label="lab_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCostOfSales_1BE304F84455BFD49B773030E2BABEFF" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cost of revenues</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCostOfSales" xlink:label="loc_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationCostOfSales_1BE304F84455BFD49B773030E2BABEFF" xlink:type="locator" />
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    <link:label id="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationOtherExpenses_FEB3651FE00EABA5EDA53030E2BA14B6_verboseLabel_en-US" xlink:label="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationOtherExpenses_FEB3651FE00EABA5EDA53030E2BA14B6" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other expenses</link:label>
    <link:label id="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationOtherExpenses_FEB3651FE00EABA5EDA53030E2BA14B6_label_en-US" xlink:label="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationOtherExpenses_FEB3651FE00EABA5EDA53030E2BA14B6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Method Investment Summarized Financial Information Other Expenses</link:label>
    <link:label id="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationOtherExpenses_FEB3651FE00EABA5EDA53030E2BA14B6_documentation_en-US" xlink:label="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationOtherExpenses_FEB3651FE00EABA5EDA53030E2BA14B6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of other expenses reported by an equity method investment of an entitiy</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_EquityMethodInvestmentSummarizedFinancialInformationOtherExpenses" xlink:label="loc_tol_EquityMethodInvestmentSummarizedFinancialInformationOtherExpenses_FEB3651FE00EABA5EDA53030E2BA14B6" xlink:type="locator" />
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    <link:label id="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationExpenses_102C63A0C3A276E124BC3030E2BA6739_terseLabel_en-US" xlink:label="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationExpenses_102C63A0C3A276E124BC3030E2BA6739" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total expenses</link:label>
    <link:label id="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationExpenses_102C63A0C3A276E124BC3030E2BA6739_label_en-US" xlink:label="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationExpenses_102C63A0C3A276E124BC3030E2BA6739" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Method Investment Summarized Financial Information Expenses</link:label>
    <link:label id="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationExpenses_102C63A0C3A276E124BC3030E2BA6739_documentation_en-US" xlink:label="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationExpenses_102C63A0C3A276E124BC3030E2BA6739" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total expenses reported by an equity method investment of an entity</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_EquityMethodInvestmentSummarizedFinancialInformationExpenses" xlink:label="loc_tol_EquityMethodInvestmentSummarizedFinancialInformationExpenses_102C63A0C3A276E124BC3030E2BA6739" xlink:type="locator" />
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    <link:label id="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationGainLossOnDispositionOfLoansAndOwnedRealEstate_B0CCA728573ACC3D0FE73030E2BA239D_terseLabel_en-US" xlink:label="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationGainLossOnDispositionOfLoansAndOwnedRealEstate_B0CCA728573ACC3D0FE73030E2BA239D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain on disposition of loans and REO</link:label>
    <link:label id="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationGainLossOnDispositionOfLoansAndOwnedRealEstate_B0CCA728573ACC3D0FE73030E2BA239D_label_en-US" xlink:label="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationGainLossOnDispositionOfLoansAndOwnedRealEstate_B0CCA728573ACC3D0FE73030E2BA239D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Method Investment Summarized Financial Information Gain Loss On Disposition Of Loans And Owned Real Estate</link:label>
    <link:label id="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationGainLossOnDispositionOfLoansAndOwnedRealEstate_B0CCA728573ACC3D0FE73030E2BA239D_documentation_en-US" xlink:label="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationGainLossOnDispositionOfLoansAndOwnedRealEstate_B0CCA728573ACC3D0FE73030E2BA239D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of gains (losses) as the result of the disposition of loans and owned real estate by an equity method investment of the entity.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_EquityMethodInvestmentSummarizedFinancialInformationGainLossOnDispositionOfLoansAndOwnedRealEstate" xlink:label="loc_tol_EquityMethodInvestmentSummarizedFinancialInformationGainLossOnDispositionOfLoansAndOwnedRealEstate_B0CCA728573ACC3D0FE73030E2BA239D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_EquityMethodInvestmentSummarizedFinancialInformationGainLossOnDispositionOfLoansAndOwnedRealEstate_B0CCA728573ACC3D0FE73030E2BA239D" xlink:to="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationGainLossOnDispositionOfLoansAndOwnedRealEstate_B0CCA728573ACC3D0FE73030E2BA239D" xlink:type="arc" />
    <link:label id="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromOperations_40A218F9CD5E20DBA9D23030E2BADBE7_totalLabel_en-US" xlink:label="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromOperations_40A218F9CD5E20DBA9D23030E2BADBE7" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Income (loss) from operations</link:label>
    <link:label id="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromOperations_40A218F9CD5E20DBA9D23030E2BADBE7_label_en-US" xlink:label="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromOperations_40A218F9CD5E20DBA9D23030E2BADBE7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Method Investment Summarized Financial Information Income Loss from Operations</link:label>
    <link:label id="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromOperations_40A218F9CD5E20DBA9D23030E2BADBE7_documentation_en-US" xlink:label="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromOperations_40A218F9CD5E20DBA9D23030E2BADBE7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of income (loss) from operations reported by an equity method investment of an entity</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromOperations" xlink:label="loc_tol_EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromOperations_40A218F9CD5E20DBA9D23030E2BADBE7" xlink:type="locator" />
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    <link:label id="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationOtherIncome_11E2C2EC8998C9B9A33A3030E2BE64C1_verboseLabel_en-US" xlink:label="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationOtherIncome_11E2C2EC8998C9B9A33A3030E2BE64C1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other income (expense)</link:label>
    <link:label id="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationOtherIncome_11E2C2EC8998C9B9A33A3030E2BE64C1_label_en-US" xlink:label="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationOtherIncome_11E2C2EC8998C9B9A33A3030E2BE64C1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Method Investment Summarized Financial Information Other Income</link:label>
    <link:label id="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationOtherIncome_11E2C2EC8998C9B9A33A3030E2BE64C1_documentation_en-US" xlink:label="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationOtherIncome_11E2C2EC8998C9B9A33A3030E2BE64C1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Equity method investment summarized financial information other income.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_EquityMethodInvestmentSummarizedFinancialInformationOtherIncome" xlink:label="loc_tol_EquityMethodInvestmentSummarizedFinancialInformationOtherIncome_11E2C2EC8998C9B9A33A3030E2BE64C1" xlink:type="locator" />
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    <link:label id="lab_tol_NetIncomeBeforeNoncontrollingInterest_3F7698577A9467BC10073030E2BE64F4_totalLabel_en-US" xlink:label="lab_tol_NetIncomeBeforeNoncontrollingInterest_3F7698577A9467BC10073030E2BE64F4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net income (loss) before noncontrolling interest</link:label>
    <link:label id="lab_tol_NetIncomeBeforeNoncontrollingInterest_3F7698577A9467BC10073030E2BE64F4_label_en-US" xlink:label="lab_tol_NetIncomeBeforeNoncontrollingInterest_3F7698577A9467BC10073030E2BE64F4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Income Before Noncontrolling Interest</link:label>
    <link:label id="lab_tol_NetIncomeBeforeNoncontrollingInterest_3F7698577A9467BC10073030E2BE64F4_documentation_en-US" xlink:label="lab_tol_NetIncomeBeforeNoncontrollingInterest_3F7698577A9467BC10073030E2BE64F4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net income before noncontrolling interest reported by an equity method investment of the entity.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_NetIncomeBeforeNoncontrollingInterest" xlink:label="loc_tol_NetIncomeBeforeNoncontrollingInterest_3F7698577A9467BC10073030E2BE64F4" xlink:type="locator" />
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    <link:label id="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationIncomeTaxProvision_38B1CF6636E1E7EF741C3030E2BECB41_terseLabel_en-US" xlink:label="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationIncomeTaxProvision_38B1CF6636E1E7EF741C3030E2BECB41" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity Method Investment, Summarized Financial Information, Income Tax Provision</link:label>
    <link:label id="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationIncomeTaxProvision_38B1CF6636E1E7EF741C3030E2BECB41_label_en-US" xlink:label="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationIncomeTaxProvision_38B1CF6636E1E7EF741C3030E2BECB41" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Method Investment, Summarized Financial Information, Income Tax Provision</link:label>
    <link:label id="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationIncomeTaxProvision_38B1CF6636E1E7EF741C3030E2BECB41_documentation_en-US" xlink:label="lab_tol_EquityMethodInvestmentSummarizedFinancialInformationIncomeTaxProvision_38B1CF6636E1E7EF741C3030E2BECB41" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Equity Method Investment, Summarized Financial Information, Income Tax Provision</link:label>
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    <link:label id="lab_dei_EntityAddressPostalZipCode_9E0ACFBC7CB5F17E54E730D801C01010_terseLabel_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode_9E0ACFBC7CB5F17E54E730D801C01010" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
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    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CityAreaCode" xlink:label="loc_dei_CityAreaCode_1952B61556AC92BF41B630D801C0C333" xlink:type="locator" />
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    <link:label id="lab_dei_TradingSymbol_D58CB61806C0ED2F9F9B30D801C0BD2A_terseLabel_en-US" xlink:label="lab_dei_TradingSymbol_D58CB61806C0ED2F9F9B30D801C0BD2A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
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    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_TradingSymbol" xlink:label="loc_dei_TradingSymbol_D58CB61806C0ED2F9F9B30D801C0BD2A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_68BB9B544D68955772BD302AF15D5A08_verboseLabel_en-US" xlink:label="lab_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_68BB9B544D68955772BD302AF15D5A08" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Noncash activity:</link:label>
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    <link:label id="lab_us-gaap_NoncashOrPartNoncashAcquisitionInventoryAcquired1_F62D9618C86385090354302AF15D5A70_verboseLabel_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashAcquisitionInventoryAcquired1_F62D9618C86385090354302AF15D5A70" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cost of inventory acquired through seller financing or municipal bonds, net</link:label>
    <link:label id="lab_us-gaap_NoncashOrPartNoncashAcquisitionInventoryAcquired1_F62D9618C86385090354302AF15D5A70_label_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashAcquisitionInventoryAcquired1_F62D9618C86385090354302AF15D5A70" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisition, Inventory Acquired</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionInventoryAcquired1" xlink:label="loc_us-gaap_NoncashOrPartNoncashAcquisitionInventoryAcquired1_F62D9618C86385090354302AF15D5A70" xlink:type="locator" />
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    <link:label id="lab_us-gaap_MortgageLoanRelatedToPropertySales1_012FFAB5EB903A7F1688302AF15D2963_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageLoanRelatedToPropertySales1_012FFAB5EB903A7F1688302AF15D2963" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financed portion of land sale</link:label>
    <link:label id="lab_us-gaap_MortgageLoanRelatedToPropertySales1_012FFAB5EB903A7F1688302AF15D2963_label_en-US" xlink:label="lab_us-gaap_MortgageLoanRelatedToPropertySales1_012FFAB5EB903A7F1688302AF15D2963" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Loan Related to Property Sales</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MortgageLoanRelatedToPropertySales1" xlink:label="loc_us-gaap_MortgageLoanRelatedToPropertySales1_012FFAB5EB903A7F1688302AF15D2963" xlink:type="locator" />
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    <link:label id="lab_tol_IncreasedecreaseininventoryforcapitalizedinterestourshareofequityearningsandallocationofbasisdifferenceinlandpurchasefromJVs_6C28AB8C317F7B81448F302AF15D96BD_terseLabel_en-US" xlink:label="lab_tol_IncreasedecreaseininventoryforcapitalizedinterestourshareofequityearningsandallocationofbasisdifferenceinlandpurchasefromJVs_6C28AB8C317F7B81448F302AF15D96BD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reduction in inventory for our share of earnings in land purchased from unconsolidated entities and allocation of basis difference</link:label>
    <link:label id="lab_tol_IncreasedecreaseininventoryforcapitalizedinterestourshareofequityearningsandallocationofbasisdifferenceinlandpurchasefromJVs_6C28AB8C317F7B81448F302AF15D96BD_label_en-US" xlink:label="lab_tol_IncreasedecreaseininventoryforcapitalizedinterestourshareofequityearningsandallocationofbasisdifferenceinlandpurchasefromJVs_6C28AB8C317F7B81448F302AF15D96BD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">(Increase) decrease in inventory for capitalized interest, our share of equity earnings and allocation of basis difference in land purchase from JVs</link:label>
    <link:label id="lab_tol_IncreasedecreaseininventoryforcapitalizedinterestourshareofequityearningsandallocationofbasisdifferenceinlandpurchasefromJVs_6C28AB8C317F7B81448F302AF15D96BD_documentation_en-US" xlink:label="lab_tol_IncreasedecreaseininventoryforcapitalizedinterestourshareofequityearningsandallocationofbasisdifferenceinlandpurchasefromJVs_6C28AB8C317F7B81448F302AF15D96BD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">(Increase) decrease in inventory for capitalized interest, our share of equity earnings and allocation of basis difference in land purchase from JVs</link:label>
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    <link:label id="lab_tol_NetdecreaseininventoryandretainedearningsforadoptionofASU201409_BADFB79F35BF7D09D4AC302AF15D7C78_terseLabel_en-US" xlink:label="lab_tol_NetdecreaseininventoryandretainedearningsforadoptionofASU201409_BADFB79F35BF7D09D4AC302AF15D7C78" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net decrease in inventory and retained earnings for adoption of ASU 2014-09</link:label>
    <link:label id="lab_tol_NetdecreaseininventoryandretainedearningsforadoptionofASU201409_BADFB79F35BF7D09D4AC302AF15D7C78_label_en-US" xlink:label="lab_tol_NetdecreaseininventoryandretainedearningsforadoptionofASU201409_BADFB79F35BF7D09D4AC302AF15D7C78" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net decrease in inventory and retained earnings for adoption of ASU 2014-09</link:label>
    <link:label id="lab_tol_NetdecreaseininventoryandretainedearningsforadoptionofASU201409_BADFB79F35BF7D09D4AC302AF15D7C78_documentation_en-US" xlink:label="lab_tol_NetdecreaseininventoryandretainedearningsforadoptionofASU201409_BADFB79F35BF7D09D4AC302AF15D7C78" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net decrease in inventory and retained earnings for adoption of ASU 2014-09</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_NetdecreaseininventoryandretainedearningsforadoptionofASU201409" xlink:label="loc_tol_NetdecreaseininventoryandretainedearningsforadoptionofASU201409_BADFB79F35BF7D09D4AC302AF15D7C78" xlink:type="locator" />
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    <link:label id="lab_tol_NetincreaseinaccruedexpensesanddecreaseinretainedearningsduetoadoptionofASU201409_3C725777DD8D204A163B302AF15DBDAD_terseLabel_en-US" xlink:label="lab_tol_NetincreaseinaccruedexpensesanddecreaseinretainedearningsduetoadoptionofASU201409_3C725777DD8D204A163B302AF15DBDAD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net increase in accrued expenses and decrease in retained earnings due to adoption of ASU 2014-09</link:label>
    <link:label id="lab_tol_NetincreaseinaccruedexpensesanddecreaseinretainedearningsduetoadoptionofASU201409_3C725777DD8D204A163B302AF15DBDAD_label_en-US" xlink:label="lab_tol_NetincreaseinaccruedexpensesanddecreaseinretainedearningsduetoadoptionofASU201409_3C725777DD8D204A163B302AF15DBDAD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net increase in accrued expenses and decrease in retained earnings due to adoption of ASU 2014-09</link:label>
    <link:label id="lab_tol_NetincreaseinaccruedexpensesanddecreaseinretainedearningsduetoadoptionofASU201409_3C725777DD8D204A163B302AF15DBDAD_documentation_en-US" xlink:label="lab_tol_NetincreaseinaccruedexpensesanddecreaseinretainedearningsduetoadoptionofASU201409_3C725777DD8D204A163B302AF15DBDAD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net increase in accrued expenses and decrease in retained earnings due to adoption of ASU 2014-09</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_NetincreaseinaccruedexpensesanddecreaseinretainedearningsduetoadoptionofASU201409" xlink:label="loc_tol_NetincreaseinaccruedexpensesanddecreaseinretainedearningsduetoadoptionofASU201409_3C725777DD8D204A163B302AF15DBDAD" xlink:type="locator" />
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    <link:label id="lab_tol_NetdecreaseininvestmentinunconsolidatedentitiesandretainedearningsduetoadoptionofASU201409_03AA613F6F4A7DE40561302AF15D3D3B_terseLabel_en-US" xlink:label="lab_tol_NetdecreaseininvestmentinunconsolidatedentitiesandretainedearningsduetoadoptionofASU201409_03AA613F6F4A7DE40561302AF15D3D3B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net decrease in investment in unconsolidated entities and retained earnings due to adoption of ASU 2014-09</link:label>
    <link:label id="lab_tol_NetdecreaseininvestmentinunconsolidatedentitiesandretainedearningsduetoadoptionofASU201409_03AA613F6F4A7DE40561302AF15D3D3B_label_en-US" xlink:label="lab_tol_NetdecreaseininvestmentinunconsolidatedentitiesandretainedearningsduetoadoptionofASU201409_03AA613F6F4A7DE40561302AF15D3D3B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net decrease in investment in unconsolidated entities and retained earnings due to adoption of ASU 2014-09</link:label>
    <link:label id="lab_tol_NetdecreaseininvestmentinunconsolidatedentitiesandretainedearningsduetoadoptionofASU201409_03AA613F6F4A7DE40561302AF15D3D3B_documentation_en-US" xlink:label="lab_tol_NetdecreaseininvestmentinunconsolidatedentitiesandretainedearningsduetoadoptionofASU201409_03AA613F6F4A7DE40561302AF15D3D3B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net decrease in investment in unconsolidated entities and retained earnings due to adoption of ASU 2014-09</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_NetdecreaseininvestmentinunconsolidatedentitiesandretainedearningsduetoadoptionofASU201409" xlink:label="loc_tol_NetdecreaseininvestmentinunconsolidatedentitiesandretainedearningsduetoadoptionofASU201409_03AA613F6F4A7DE40561302AF15D3D3B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tol_NetdecreaseininvestmentinunconsolidatedentitiesandretainedearningsduetoadoptionofASU201409_03AA613F6F4A7DE40561302AF15D3D3B" xlink:to="lab_tol_NetdecreaseininvestmentinunconsolidatedentitiesandretainedearningsduetoadoptionofASU201409_03AA613F6F4A7DE40561302AF15D3D3B" xlink:type="arc" />
    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateForeclosures_B3C7C995704798276AB2302AF15DF898_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateForeclosures_B3C7C995704798276AB2302AF15DF898" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cost of inventory acquired through foreclosure</link:label>
    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateForeclosures_B3C7C995704798276AB2302AF15DF898_label_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateForeclosures_B3C7C995704798276AB2302AF15DF898" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Foreclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MortgageLoansOnRealEstateForeclosures" xlink:label="loc_us-gaap_MortgageLoansOnRealEstateForeclosures_B3C7C995704798276AB2302AF15DF898" xlink:type="locator" />
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    <link:label id="lab_tol_Deferredincomerelcassedfrominventorytoaccruedliabilitiesnoncash_F21792E4BEBE241211BD302AF15D865A_verboseLabel_en-US" xlink:label="lab_tol_Deferredincomerelcassedfrominventorytoaccruedliabilitiesnoncash_F21792E4BEBE241211BD302AF15D865A" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Reclassification of deferred income from inventory to accrued liabilities</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_Deferredincomerelcassedfrominventorytoaccruedliabilitiesnoncash" xlink:label="loc_tol_Deferredincomerelcassedfrominventorytoaccruedliabilitiesnoncash_F21792E4BEBE241211BD302AF15D865A" xlink:type="locator" />
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    <link:label id="lab_tol_CostOfOtherInventoryAcquired_1EB29C8EE5B11BC5FA12302AF15DCCD7_terseLabel_en-US" xlink:label="lab_tol_CostOfOtherInventoryAcquired_1EB29C8EE5B11BC5FA12302AF15DCCD7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cost of Other Inventory Acquired</link:label>
    <link:label id="lab_tol_CostOfOtherInventoryAcquired_1EB29C8EE5B11BC5FA12302AF15DCCD7_label_en-US" xlink:label="lab_tol_CostOfOtherInventoryAcquired_1EB29C8EE5B11BC5FA12302AF15DCCD7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cost of Other Inventory Acquired</link:label>
    <link:label id="lab_tol_CostOfOtherInventoryAcquired_1EB29C8EE5B11BC5FA12302AF15DCCD7_documentation_en-US" xlink:label="lab_tol_CostOfOtherInventoryAcquired_1EB29C8EE5B11BC5FA12302AF15DCCD7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cost of other inventory acquired.</link:label>
    <link:loc xlink:href="tol-20191031.xsd#tol_CostOfOtherInventoryAcquired" xlink:label="loc_tol_CostOfOtherInventoryAcquired_1EB29C8EE5B11BC5FA12302AF15DCCD7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DefinedBenefitPlanBenefitObligationPeriodIncreaseDecrease_624017A9DFAE9491C73C302AF15DCFF2_verboseLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanBenefitObligationPeriodIncreaseDecrease_624017A9DFAE9491C73C302AF15DCFF2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) in unrecognized losses in defined benefit plans</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlanBenefitObligationPeriodIncreaseDecrease" xlink:label="loc_us-gaap_DefinedBenefitPlanBenefitObligationPeriodIncreaseDecrease_624017A9DFAE9491C73C302AF15DCFF2" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlanPlanAmendments" xlink:label="loc_us-gaap_DefinedBenefitPlanPlanAmendments_2426413771831039FE5F302AF15D27B5" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet_EACC778A682D00FBEFA7302AF15D5CEB_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet_EACC778A682D00FBEFA7302AF15D5CEB" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax decrease related to stock-based compensation activity included in additional paid-in capital</link:label>
    <link:label id="lab_us-gaap_AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet_EACC778A682D00FBEFA7302AF15D5CEB_label_en-US" xlink:label="lab_us-gaap_AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet_EACC778A682D00FBEFA7302AF15D5CEB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net</link:label>
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