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 or 31st day of each month (or the next available business day). Please note that you will have to send this form in along with a void cheque in order for the process to be completed.
The requirements for enrollment are as follows:
- Taxes in arrears are paid in full
- Application form with void cheque
The deadline for application of TIPPs for current year taxes is July 1st; whereas applications made after July 1st will be for the following tax year and the monthly installments will begin in the following January. Note that in 2016, Council had modified the TIPPS deadline from July 31st to July 1st effective for the 2017 tax year.
Monthly installments will be calculated as follows:
- If the current year’s Tax Notice has not been mailed at the time of application, the monthly installment amount will be calculated by dividing the previous years’ tax levy by the remaining months in the calendar year.
- After the Tax Notices have been mailed, the remaining monthly installments amounts shall be calculated by taking the actual current year’s tax levy, subtracting the prior monthly installments that have been received to date (if any), and dividing by the remaining months in the calendar year.
Please see below for our “TIPPs Calculator” to assist in determining your estimated monthly instalments.
Has your tax notice been mailed for the current year?
Tax Roll Information:
Amounts owing from prior years
Current year tax levies (on Tax Notice)
Prior Year Tax levies (or estimate)
Total balance owed to date
Date of application received
Payment required to enter TIPPs program
|It is a requirement that all tax arrears are paid to enter the plan; therefore, to enter the plan for the following year, all balances are required to be paid in full. Ensure payment is made before the due date to avoid penalties.|
Scheduled TIPPs Payment Date
TIPP's continues from year to year until the ratepayer withdraws, the plan is canceled or defaulted, or the property is sold.