Property Tax Installment Payment Plan (TIPP)

What is TIPP?

The Tax Installment Payment Plan (TIPP) is a popular program which allows you to pay your property taxes on a monthly basis instead of one payment in June.

Your payment automatically comes out of your chequing account the first day of every month, making budgeting easier and helping you avoid the risk of a 7% penalty.

How does TIPP work?

Each year property taxes are billed in May, due June 30 and cover the period from January 1 to December 31.

If you pay through TIPP you don't need to worry about the payment deadline or late payment penalties. Your taxes are spread over 12 months, starting January 1, with your account being paid in full after your December 1 installment.

Your installment amount is calculated by dividing your most recent annual tax levy by 12, rounded up to the nearest dollar. This amount is paid through automated withdrawals from your bank account the first day of each month.

When you receive your annual tax bill in May your installment will be adjusted to reflect the actual tax levy, ensuring your account is paid in full by year end.

Your tax bill will show:

• The TIPP credit-to-date.
• The new installment amount for the remainder of the year.
• The date we will start withdrawing the new installment amount.

At year-end:

• TIPP automatically continues from year to year.
• All installment amounts are reviewed in December.
• If an adjustment is made to your installment amount, you will be notified.
  

Find out how to join TIPP, change TIPP banking information or terminate TIPP.