You may choose from one of the following options:
1) Tax Installment Due Dates: March 17, May 15, September 15, November 15
2) 12 Monthly Installments (the 1st business day of each month from January-December)
3) Bi-Weekly 1 (26 payments starting on January 13, 2017)
4) Bi-Weekly 2 (26 payments starting on January 06, 2017)
Payments from January to August will be calculated at 50% of the prior years’ annual taxes payable in equal installments as determined by the PAP Option selected. In August, current year taxes will be calculated to include all changes due to re-assessment and tax rate changes, minus the payments already deducted, to be payable in equal installments from September to December as determined by the PAP Option selected.
Supplementary taxes for improvements and new construction will not be covered by the pre-authorized payment plan and must be paid separately.
How Does PAP Work?
A monthly payment is determined by dividing your most recent final annual tax levy by the number of payments in the plan. Adjustments to your monthly payment are made once the current year final tax rate has been set. You will be notified in advance, in writing, of the change in payment amount. Payments are calculated to ensure your taxes are paid in full by the end of the final month of the plan in a given calendar year.
To assist tax payers with their budgeting, a small increase is usually incorporated in to the new payment amount at the beginning of each year. The increase is calculated by averaging the past few years’ tax increases. This is simply to minimize the impact of the final tax rate on your monthly payment, mid-year and is in no way an indication of any tax increase to come. As well, if new assessment values are available, they will be used in the monthly payment calculation. Again, this is simply to minimize the impact to your budget, mid-year.
How Do I Start The PAP Plan?
Simply complete the Pre-Authorization Form, sign it and forward it to the municipal office along with a VOID cheque for the account from which the funds will be withdrawn. You can start the plan in any month provided your authorization form and void cheque are received in the office by the 20th of the month prior to which your plan will start. You will receive notification in writing of your payment amount once your authorization form has been processed.
How Do I Stop the PAP Plan?
A written request using the PAP Change Form must be received in the municipal office by the 20th of the month prior to which you want your plan to stop. Requests will not be received over the telephone.
What If I Change Banks?
The PAP Change Form must be completed, signed and provided with a VOID cheque for the new account. It must be received in the office by the 20th of the month prior to which you want your payment to come out of your new account.
What If My Mortgage Company Pays My Taxes and I Want to Join the PAP Plan?
You must contact your mortgage company and discuss this with them first. Once they have informed our office, in writing, that they are no longer responsible for payment of your taxes, a PAP plan can be set up and activated for you.
What If My Full Assessment Has Not Been Determined Yet for My Newly Built Home?
Simply contact the office and we can assist you in determining a payment amount that will help cover your supplementary tax bill(s), once it is calculated.
Will I Still Receive a Tax Bill in the Mail?
Yes. It will show you the taxes levied and the installment amounts determined, even though you are already on a payment plan. This is simply for your records and there is nothing for you to pay in addition to your monthly amount.
450 Sunset Drive
St. Thomas, ON N5R 5V1