Monthly Tax Payment Plan (MTPP)
Monthly payments are calculated by taking the current tax levy and dividing it into the remaining months of the year – if you sign up for the MTPP earlier in the year, your monthly payments will be lower.
The following example shows monthly payments, (based on an annual levy of $2,750.00) if you sign up for MTPP in January versus June:
January start date | June start date |
---|---|
Current tax levy $2750 |
Current tax levy $2750 |
Monthly payment $229.17 |
Monthly payment $392.86 |
Please note: this is an example only, please call or email the Taxation Department if you are unsure of your monthly payment amount.
Monthly Tax Payment Plan
The Monthly Tax Payment Plan (MTPP) is a convenient way to pay your property taxes. The plan divides your annual property taxes into monthly sums which are automatically withdrawn from your bank account.
There are no fees or interest charged when enrolling in the Monthly Tax Payment Plan.