Property Tax Prepayment Plan

WHAT IS THE PROPERTY TAX PREPAYMENT PLAN?

The M.D. of Opportunity is offering taxpayers the ability to pay their property taxes in monthly installments rather than in one single payment.

WHY SHOULD YOU USE THIS PLAN?
Easier budgeting because it breaks the annual tax payment into 12 monthly payments
Convenient & reliable form of payment; no rushing to get to the office on due date
No penalties on balances, provided payments are not missed
Saves on cost of postage and travel

HOW DOES IT WORK?
Payments start in January and can be withdrawn from your bank account on the 15th of every month
Each monthly payment for the first half of the year is equal to 1/12th of the tax levy from the previous year
Then for the second half of the year your payment is re-calculated based on the current year’s tax levy, less the amount already paid
Once you have signed up for the Prepayment Plan, you are automatically enrolled each year

WHO CAN USE THE PREPAYMENT PLAN?
All taxpayers are eligible to participate in the Prepayment Plan provided all property taxes, arrears and penalties are paid in full on or before December 31st of the previous year.

WHEN CAN I APPLY?
Application for the Prepayment Plan must be received prior to December 31st to make payments for the following year’s taxes. Payments cannot begin part way through the year as taxes are based on the calendar year.

HOW DO I APPLY?
To apply for the Pre-Payment Plan, complete and sign the Pre-Payment Plan Agreement Form, attach a void cheque (and the Debit Payment Form) and return to the M.D. of Opportunity Office by December 31.

WITHDRAWAL or CANCELLATION?
You may withdraw from the plan by submitting your request in writing to M.D. of Opportunity.  If you withdraw, the unpaid balance of taxes, if any, shall then be due and payable in full and shall be subject to penalties normally calculated for unpaid taxes.  Any payments that are dishonored by the bank are subject to a $25 NSF fee. 

Please contact the Finance Department with any questions: (780) 891-3778 or 1-888-891-3778.  Download information Brochure here