The City's tax prepayment plan allows you to make 11 easy monthly instalments towards your next year's property taxes. Over 27% of the City's property owners are now taking advantage of this plan.
How It Works:
Starting in July The City estimates what the following year's taxes will be and take a property tax installment directly from your bank account on the 15 of each month. By the time the property taxes are billed the following May, you will have a prepayment balance which will be used to offset the property tax billing.
If you overpay we deposit your refund back into your bank account shortly after the July due date. If our estimate was a little off you can forward to us the balance owing by the due date.
The plan is convenient in that you don't have to worry about paying one lump sum on the tax due date, a good investment as we pay you interest on your prepayment balance, and easy to start.