Tax Payment Plan

 

Please note that you will have to send this form in along with a void cheque in order for the process to be completed.

To download and print a Pre-Authorized Tax Payment Plan application please click here.

Information about the Tax Installment Payment Plan (TIPPs):

Vulcan County offers a Tax Installment Payment Plan for our ratepayers.  This allows ratepayers to pay their property taxes over the year in equal monthly installments.  This program is only applicable to the current year's taxes and payments are automatically made on the 15th day of each month.

The requirements for enrollment are as follows:

1. Taxes in arrears are paid in full

2. Application form with void cheque

In January, the prepayment amount is calculated for the first six months of the year by dividing the prior year’s taxes by 12. In July, the payment amount is recalculated by dividing the current year’s tax levy less the payments made to  date in order to balance the tax account to zero as at December 31st, as the property taxation year is based on the calendar year.  Property tax notices will indicate the new TIPP's payment, and payments made to date are reflected as a negative amount.  No penalties are assessed on properties that are on the plan; however, if the ratepayer withdraws from the plan during the year, or there are two consecutive returned items, properties will be subjected to the applicable penalties.

TIPP's continues from year to year until the ratepayer withdraws, the plan is canceled, or the property is sold.

For in-depth analysis, please refer to Bylaw #2013-029

For further information and forms, please call Vulcan County at 403-485-2241.

Payment Example #1:  Joined January 1st

   
Previous year's taxes $1,200.00  
January to June monthly payments    
($1,200.00/12 months) $100.00 per month
Current year's taxes levied June 30th $1,250.00  
Less payments made to date (January to June - 6 months) $600.00  
Outstanding balance    
($1,200.00 - $600.00) $650.00  
July to December monthly payments    
($650.00/6 months) $108.33 per month
     
Payment Example #2:  Joined March 5th    
Previous year's taxes $1,200.00  
March to June monthly payments    
($1,200.00/10 months remaining in year - March to December) $120.00 per month
Current year's taxes levied June 30th $1,250.00  
Less payments made to date (March to June)    
($120.00 x 4 months) $480.00  

Outstanding balance

($1,250.00 - $480.00)

$770.00  
July to December monthly payments    
($770.00/6 months) $128.33 per month
     
Payment Example #3:  Joined July 28th    
Effective in the current year    

Balances owing relating to prior years (arrears)

$325.00

 
Current year's taxes levied June 30th $1,250.00  
Required payment to enter TIPPs (amount in arrears) $325.00  

August to December monthly payments

$250.00 per month

($1,250.00 / 5 months)

   

Effective for the next year:

   

January to June monthly payments

$104.17 per month

($1,250.00 / 12 months)

   
Next year's taxes levied June 30th $1,275.00  
Less payments made to date - January to June $652.02  
(6 months x $104.17)    
Outstanding balance $649.98  
($1,275.00-$625.02)    
July to December monthly payments $108.33 per month
($649.98/6 months)    
     
Payment Example #4:  Joined August 1st    
Current year's taxes levied June 30th $1,250.00  

Next year's monthly payment

($1,250.00/12 months)

   
To commence January to June of the following year $104.16 per month