2020 Final Tax Due Dates
Friday July 24, 2020
Friday October 23, 2020
2020 Interim Tax Due Dates
Friday February 28, 2020
Friday April 24, 2020
Property Taxes are made up of three main components: the Township of Chatsworth (local taxes),County of Grey taxes, and Education Taxes. Local taxes are used to provide the Township of Chatsworth property owners with a variety of services including: road maintenance, snow removal, emergency services, arenas, planning and development, and much more.
The County and Education taxes are not retained by the Township – they are simply passed along to these levels of government to allow them to provide their services. Total property taxes are determined by multiplying the Current Value or “Assessment” of your property by the annual Tax Rate for the property type or “Property Class” plus any applicable special charges.
The final 2020 Local, County and Education tax rates for the Residential property class are summarized here:
|By-Law Tax Rates-2020|
|IU||Industrial – Excess||0.00818617||0.00430026||0.01250000||0.02498643|
|IX||Industrial – Vacant||0.00818617||0.00430026||0.01250000||0.02498643|
|R1||Farmland – Awaiting Development||0.00169441||0.00089009||0.00038250||0.00296700|
To estimate your final 2020 taxes, multiply the total rate for your property’s classification by your assessment value, that MPAC (the Municipal Property Assessment Corporation) determines.
The Township of Chatsworth issues two tax bills per year; an interim tax bill and a final tax bill. Each of these is split into two payment installments. The interim tax bill is based on 50% of the prior year’s total tax bill. The interim tax installment payments are due the end of February and April each year. The final tax bill is calculated using the current year’s tax rates set by council. The interim tax bill is then deducted from the final bill calculation, and then the balance is split into two installments. The final tax bill installments are due the end of July and October each year. Non-receipt of your tax bill does not waive any liability for payment of taxes or penalty/interest charged. Arrears are due immediately. Payments are due on the due dates and in the amounts indicated on your tax bill. If taxes are not paid on the due date, a penalty of 1.25% will be charged on the first day of each calendar month until paid in full. The Finance department has no authority to waive penalty or interest for any reason.
The current value assessment (CVA) of your property is determined by the Municipal Property Assessment Corporation (MPAC). Contact MPAC through their website www.mpac.ca or by calling 1.866.296.6722 for answers to your questions about your property assessment value.
To learn more, contact our Treasurer, Karmen Krueger, CPA, CA email@example.com or 519-794-3232 x122