Assessed values consider the property size, age, construction quality, and condition of any structures on the property. Your use of the property determines the tax rate applicable to your property (residential/non-residential, farm, Machinery & equipment). Since no two properties are alike, your property may be valued and taxed differently than your neighbour’s property.
Rural farm properties enjoy some provincially regulated exemptions. Exemptions are based on the amount of farmland owned and how buildings are used for farming operations. These exemptions are not automatically applied and should be discussed with your local assessor.
The details of your property are used to calculate your property’s assessed value, and correspondingly this value is used to calculate your property taxes. It is important to review your property assessment details to ensure they are accurate. You can report any discrepancies in your property details to your assessor.
For more information on how property tax is calculated visit, Property Taxes.
Supplementary assessments only apply when new construction is completed or occupied during the tax calendar year. The purpose of supplementary assessments is to capture the value gained by a property when new improvements are added, or their construction is completed after the December 31 condition date. The value gained from new improvements, or construction getting completed was not included in your annual tax notice and is thus applied on a prorated basis when it gets completed.
Supplementary assessments contribute towards equitable distribution of the cost for municipal services like fire and protective services and road maintenance.
Supplementary Assessment notices are sent in October each year. To avoid penalties, the tax bill must be paid on or before the due date shown. Visit property tax payment for options on how to pay, including the option to join the monthly Tax Instalment Payment Plan (TIPP).