Property tax deferral
The Town is offering deferrals for the first instalment of the 2021 interim property tax bill for property owners who have been financially impacted by the COVID-19 pandemic. Eligible applicants will have their Feb. 26, 2021 instalment deferred until April 26, 2021, meaning no penalty or interest charges. Eligible applicants may also have their quarterly water/wastewater bill deferred penalty free until April 26, 2021 or until their next billing cycle after that.
To be eligible for the deferral, a property owner’s tax and water/wastewater accounts must be at a zero balance as of Aug. 1, 2020 and they must be experiencing hardship due to the COVID-19 pandemic from loss of employment, temporary suspension of pay or general financial hardship.
Property owners must apply to the Town of Georgina in order to receive the deferral.
Applications should be sent to firstname.lastname@example.org
Property tax bills are mailed twice a year in Georgina, January and June. Each tax bill has two installments. Generally, installment due dates are in February, April, July and September.
Failure to receive your property tax bill does not mean you do not have to pay. You are responsible for any amounts that come due and any penalty and interest charged on these amounts.
To notify us of any changes to your address, please complete and submit the Change of Address Form. If you would like to authorize someone who is not an owner on your property to have access to your tax and/or water account information, please complete and submit the Authorization Form.
Calculating Property Taxes
The Municipal Property Assessment Corporation (MPAC) sets the assessed values for all properties in Ontario. These assessed values are provided to the Town and are updated yearly. To calculate your property taxes, we multiply your assessed value by our tax rate.
To appeal your assessment or for additional information on property assessments, please visit:
- Municipal Property Assessment Corporation
- MPAC Request for Reconsideration Forms
- MPAC videos on calculating assessment and property tax
- - See Section 6 for Tax Policies, See Section 7 for Comparison Relative Taxes
Late Payment Penalty Charge
Penalty is charged at the rate of 1% on installment amounts that are not paid by the due date. This penalty is added on the first day of default. Section 345(2) of the Municipal Act, 2001 provides authority to add penalty.
Interest is charged on the first day of each month for any amounts outstanding. The interest rate for previous years’ taxes outstanding is 1.25% and the rate for current year taxes is 1%. Section 345(3) of the Municipal Act, 2001 provides authority to add interest. Interest will continue to be charged on outstanding balances until they are paid in full. Please note, once interest and penalty is charged to your account, it remains payable. Staff does not have the authority to reduce or remove these charges.
When you make a payment, any interest on the account is paid first and the remainder applied to the oldest tax outstanding.
|2017 Final Tax Brochure|
|2017 Interim Property Tax Billing Notice|
|2016 Interim Tax Billing Notice|
|2016 Tax Rates|
Q and As
There are two tax bills produced each year. The first one, issued in January, is the interim tax bill and is 50 per cent of the taxes billed the previous year. The final tax bill is produced in June and any increase or decrease in current year assessment will be reflected on the final bill. Both the interim and final tax bill are comprised of two relatively equal installments.
Taxes are calculated by taking the assessed value of your house multiplied by the tax rate. The Municipal Property Assessment Corporation (MPAC) is responsible for assigning an assessed value which is unique to your property. The tax rate is the same for all similar-use properties. (For example, all residential properties would be multiplied by the same tax rate but would have a unique assessed value.)
MPAC assesses properties on a four-year cycle. The Town is currently in the final year of the 2016-2020 assessment cycle. Any rise in assessment will be phased in over four years in equal installments. As a general rule, if you can sell your property for more than your assessed value you have a fair assessment. For any questions about assessment, contact MPAC at 1-866-296-6722.
MPAC takes into account multiple factors when determining assessment for a property. These include recent sales, size and location of property, number of bedrooms, number of bathrooms and amenities such as pools or garages can all have an impact on the assessed value of the property.
No, Georgina is a lower-tier municipality which means a portion of property taxes goes to York Region. In addition, a portion of taxes is also sent to the school boards to fund the education system. For 2019, the Town of Georgina kept 51.7 per cent of taxes raised, while York Region collected 32.7 per cent and the school boards collected 15.6 per cent.