The invention provides a novel fireproof coating for building materials and a preparation method thereof. The novel fireproof coating is prepared from the following components: high molecular resin, propylene carbonate, toluenediamine, tetrabromo bisphenol, waste sawdust, nano titanium dioxide, waste ceramics, didecyl dimethyl ammonium chloride, nano silicon carbide, absolute ethyl alcohol, metallic oxides, a lubricant, an additive, an emulsifier, an enhancer and deionized water. The fireproof coating prepared by the invention has the advantages of being low in cost and environmentally friendly, and is excellent in flame retardance, high in adhesive force, good in ductility, high-temperature-resistant and long in service life.