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TIPP - 2017 instalment payment changes

New instalment amount for Jan. 1 to June 1, 2017

All property tax accounts paid through the Tax Instalment Payment Plan (TIPP) are reviewed in November to determine the amount of the monthly payment from Jan. 1 to June 1 of the next year.

2016 tax levy ÷ 12 = Jan. 1 to June 1, 2017, payment amount

2016 Tax levy

Your 2016 tax levy amount may include:

  • an assessment increase or decrease due to an amended assessment notice or assessment appeal decision;
  • or outstanding taxes, for example: an outstanding initial payment, dishonoured payment(s) and/or service charge(s), outstanding TIPP filing fee, or a charge from another City department.

TIPP basics

  • Each year property tax is billed in May and covers the calendar year Jan. 1 to Dec. 31.
  • TIPP spreads the payment of taxes over 12 months, starting Jan. 1.
  • TIPP automatically continues from year to year.
  • From Jan. 1 to June 1 your monthly instalment is based on 1/12 of the previous year’s tax amount. In other words, the Jan.1 to Jun. 1, 2017, instalment is based on the 2016 taxes.
  • From July 1 to Dec. 1 your instalment amount will be adjusted based on the actual 2017 annual tax amount.

Using a Supplementary Tax Bill to estimate taxes

Supplementary tax bills reflect the number of months the building was completed or occupied during the year.

If you received a supplementary tax bill this year, that tax amount is annualized as part of calculating the new instalment for the up-coming year.

For example: A supplementary tax that was billed for 8 months in 2016 is calculated for 12 months to estimate your 2017 taxes.

 


More TIPP information

Tax Instalment Payment Plan (TIPP)OverviewBrochure

Join TIPP

Request an agreement to joinReturn a completed agreement

TIPP changes and adjustments

Changing banks or bank accounts Cancel TIPPNon-payment and service charges Buying or selling a propertySupplementary taxes and tax adjustments

More property tax information

Property taxProperty tax paymentContact Property Tax​​