Tax Due Dates, Penalties & Interest

💡Paying early or setting up pre-authorized payments can help avoid missed deadlines.

Penalties on Late Payments

A penalty is applied to unpaid current year property tax balances immediately after the due date, as required by legislation.

• A 2% penalty is applied at the end of the day on the tax due date
• An additional 8% penalty is applied at the end of the day on the last business day of August
• Partial payments do not prevent a penalty from being applied to the outstanding balance
• Penalties cannot be reduced or waived
• Unclaimed Home Owner Grant amount is subject to a penalty

Interest on Unpaid Taxes

In addition to penalties, daily interest is charged on arrears and delinquent taxes.

• Arrears: outstanding tax balances from the prior year at January 1, unpaid user rates charges or other charges transferred to taxes on January 1.
• Delinquent: outstanding tax balances going back three (3) years.

Rates are set quarterly in accordance with legislation and interest continues to apply daily until the balance is paid in full.

Payment Responsibility During Property Sales

If a property is bought or sold, property tax payments and adjustments are typically handled through the buyer's and seller's lawyer or notary as part of the sale process.

Buyers and sellers should confirm who is responsible for paying the taxes and how adjustments will be managed.

Timeline

Paying property taxes on time helps avoid penalties interest, and potential Tax Sale.

Mid-May

Last business day in August (end of day)

⚠️ Second Penalty Applied

An additional 8% penalty is applied to any remaining current year unpaid balance. 

⬇️

Last Monday in September

Need Help?

If you have any questions about payment deadlines, penalties, or your property tax balance, contat Revenue Services for assistance.