Property Taxes

BENEFITS OF THE MONTHLY PLAN

• Easy to budget by spreading payments over (ten) 10 equal payments withdrawn automatically from
• your bank account.
• Saves cost of postage or cost of driving to municipal office to pay your taxes.
• Avoid late payment or worry about missing due dates.

HOW MUCH DOES IT COST?

• There are no service charges or penalty for using the Pre-authorized Payment Plan.
• The amounts deducted are based only on taxes levied.

WHO MAY ENROLL?

• You must have no arrears outstanding on your tax account.
• Your latest assessment must be a full assessment.
• Your taxes are not included in your mortgage payments.

HOW THE MONTHLY PLAN WORKS

• Your annual tax levy will be estimated based on the prior year’s actual taxes, and divided into ten (10)
• equal payments.This amount will be deducted directly from your bank account on the last working day of the monthsfrom January to July. Once the actual tax rates have been established for the year, the amount for remainder of the year will be adjusted accordingly.
• Your enrollment in the Pre-Authorized Payment Plan will be confirmed by letter or email indicating the amount to be withdrawn from your account on a monthly basis.
• Your final tax bill will be receipted and sent to you by December 1st each year.

OR FOUR PRE-AUTHORIZED PAYMENTS

• If you would like your four (4) regular tax installments to be withdrawn automatically from your bank account.
• This may be great idea for those that like to go south for the winter, no worries about leaving the post- dated cheque at the office, or getting someone else to pay the installment.

TERMS AND CONDITIONS

• Enrollment in the Pre-Authorized Monthly Payment Plan is automatically renewed each year, and
• information about the next year’s payment amount will be sent with the receipted tax notice.
• Enrollment in the Pre-Authorized Four Payment Plan is automatically renewed each year.
• If for any reason you wish to be removed 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.
• If for any reason a payment is returned, you will be subject to a service charge plus applicable penalties to your tax account.Subscribers to the plan who have two payments returned will become ineligible to continue on the plan, and will revert to the four (4) installment system of payment, subject to standard penalties and interest of 1.25% per month for late payment.

HOW TO ENROLL

• Complete and sign the  Authorized Form
• Attach an unsigned, blank cheque marked “VOID”
• Authorized forms must be received at the Township of Norwich office by
• November 15th each year to ensure your enrollment in the follow year’s Pre-Authorized Payment Plan
• Please indicate on the form if it’s the four (4) or the ten (10) Payment Plan that you are interested in.

Please complete the application form and submit to the Revenue Coordinator.

Interim Billing:

Interim Tax Bills are based on your prior year’s taxes. Interim billings are calculated as 50% of the prior year’s annualized total tax billing spread out over the two payments.

Final Billing

: Final Tax Bills are calculated as follows:

• Assessment x Property Tax Rate = Total Property Taxes for the Year
• Final Billing ** = Total Taxes – Interim Billing (this is split over the final two payment dates)

The Municipal Property Assessment Corporation (MPAC) is responsible for the calculating and setting of all assessment values in Ontario. To establish your property’s assessed value, MPAC analyzes property sales in your community. This method is called Current Value Assessment. In addition to sales, they look at a variety of other key features of every property. Some of the major factors utilized are: location, lot size, living area, age of the property, major renovations or additions, and quality of construction. MPAC will analyze the key features of your property with sales of comparable properties in your community to determine the final assessment value.

MPAC mails a Property Assessment Notice to all property owners in Ontario every four years. The Notices being mailed out in 2016 represent MPAC’s assessed value of your property as of January 1, 2016. To evaluate if your assessed value is accurate, simply ask yourself if you could you have sold your property for its assessed value on January 1, 2016. If the answer is “yes”, then you have been assessed appropriately. If the answer is “no”, you may file a “Request for Reconsideration” and MPAC will review your assessment, free of charge. Your deadline to file a “Request for Reconsideration” is printed on your Property Assessment Notice. The easiest way to start the review of your property’s assessment is to visit www.aboutmyproperty.ca

Page one of your Property Assessment Notice has your Roll Number and Access Key. You will need these to log into the website. If you do not have your most recent assessment notice, contact MPAC at 1 866 296-MPAC (6722). More information and details about your assessment can be obtained at www.mpac.ca.

Commercial and Industrial property owners can apply for a Vacancy Rebate for buildings that are fully or partially vacant for at least 90 consecutive days during a taxation year. The deadline for applying is February 28th of the year following the taxation year to which the application relates. 

 Download the Vacancy Rebate Application Form

To have your property assessed and taxed under the Farmland Tax Classification, it must meet certain eligibility criteria. To learn about this criteria and how MPAC assesses Farmland please click on: Making Sense of Your Farm Property Tax Bill.