PropertyTaxes

2010 MUNICIPAL TAX LEVY:
Base tax: $670.00
City Residential mill rate: 6.27 mills
City Commercial mill rate: 8.92 mills

2010 SCHOOL TAX LEVY:
School Residential mill rate: 10.08 mills
School Commercial mill rate: 
On the first $499,999 taxable assessment: 12.25 mills
On the next $5,500,000 taxable assessment:  15.75 mills
On any taxable assessment over $5,999,999  18.55 mills

DUE DATE:
The deadline for payment of property taxes is July 31st of each year.

DISCOUNT FOR EARLY PAYMENT:
A 5% discount is offered on the current year’s tax levy for payments made on or before June 30th.
All outstanding arrears must be paid before discounts are allowed. There are no discounts allowed on local improvement frontage tax levies. 

PENALTIES:
Penalties of 1% will be assessed as of the 1st of August on all outstanding taxes from the current year.  Penalties continue to be levied against all outstanding taxes on the first of each subsequent month, until the balance is paid in full.  Outstanding taxes become arrears January 1st of the following year and continue to be penalized.  Arrears may be subject to tax enforcement proceedings.

PAYMENT OPTIONS:

CITY HALL PAYMENT:
Payments can be made at our office by cash, debit or cheque.  If you can not make it during our office hours you may use our drop slot located at the front of our building.  Please do not leave cash in our drop slot.

ONLINE & TELEPHONE BANKING
Payments to your property tax account can be made online or through telephone banking.  Please contact your bank for assistance in taking advantage of this option.  Remember when using this preference it may take 3 to 5 business days for payment to be processed.  If payment is not received in our office due to this reason before the deadline, we will not waiver penalties or honor discounts.

T.I.P.P.S:
The T.I.P.P.S program offers a method of equalized monthly property tax payments.  Late payment penalties and prepayment discounts will not apply to those participating.   

Your tax account must be paid in full to date of application, this includes all arrears.  For example, if you sign up to start making payments in March, you must first pay the January & February amounts. 

If you wish to participate in T.I.P.P.S., please complete the application and drop it off at City Hall.