BENEFITS OF THIS PLAN:
- Easier on your budget, spread payments out without any special interest or service charges.
- Save the cost of postage or special trips and line-ups to pay your tax bills.
- Avoid late payment or worrying about missing due dates.
- You can choose between making monthly payments or paying instalments on the due dates indicated on the tax bills.
ENROLMENT ELIGIBILITY:
- You must have no arrears outstanding on your account.
- Your last assessment must be a full assessment.
- You do not pay your taxes with your mortgage.
HOW THE MONTHLY PLAN WORKS:
Your previous year’s tax levy (including local improvement charges if applicable) is divided into ten (10) equal payments. This amount will be deducted directly from your bank account on the fifteenth (15th) of each month (or following business day) from January to October. The first automatic withdrawal payment will be January 15th.
In November, the remaining balance due for your taxes will be deducted directly from your bank account on the fifteenth (15th) of November (or next business day). You will receive notice of this final balance owing in October.
Your enrolment in the Pre-Authorized Payment Plan will be confirmed by email along with notice of your monthly payment amount.
HOW THE INSTALLMENT PLAN WORKS:
The regular four instalments are deducted from your bank account on the due dates, which are indicated on the tax notices.
TERMS AND CONDITIONS:
- Enrolment in the Pre-Authorized Payment Plan is automatically renewed each year and information about the next year’s payment amount will be sent with the receipted tax notice.
- If, FOR ANY REASON, a payment is returned, you will be subject to a finance charge and applicable penalties. The amount of the returned payment plus finance charge and applicable penalties will be added to your next month’s payment. If any two (2) payments should be returned, your enrolment in the Property Tax Pre-Authorized Payment Plan will be terminated and you will be billed directly.
- If, FOR ANY REASON, you wish to withdraw from this payment plan, or if your banking information changes, YOU MUST notify the tax office IN WRITING at least THIRTY (30) DAYS BEFORE the next Pre-Authorized payment is due.
- Supplementary tax notices are billed directly to the ratepayer for payment. (Taxes owing as a result of assessment changes during the year.)
HOW TO ENROLL:
- Complete the Authorization Form (For those ratepayers who own more than one property, in order to have all properties included in the Pre-Authorized Payment Plan, a separate form must be filled out for each individual property)
- Authorization forms MUST BE RECEIVED by the Tax Office no later than 5 business days prior to payment withdrawal (e.g. January 10th for monthly plans).
- ENROLMENT DEADLINE: 5 DAYS PRIOR TO PAYMENT WITHDRAWAL
FOR FURTHER INFORMATION, CONTACT THE TAX OFFICE.
PO Box 455, 25 Mill St. E.
Milverton, Ontario N0K 1M0
Phone (519) 595-2800 — Toll Free 1-888-712-0618
Fax (519) 595-2801
