What is the Tax Instalment Payment Plan (TIPP)?
TIPP is a popular program that allows you to pay your property tax on a monthly basis instead of one payment in June. The payment automatically comes out of your chequing account the first day of every month. TIPP makes budgeting easier and eliminates the risk of a 3.5% late payment penalty.
In response to COVID-19, Council has suspended the 2% filing fee on initial payments for 2020. But, if you join after January 1, 2021, there is a filing fee.
How do I apply?
There are 4 steps in joining TIPP. You will need to:
- Request Agreement
- Request a TIPP agreement customized for a property.
- Agreement Sent
- The City creates and sends you a customized TIPP agreement.
- Return Agreement
- Complete, sign & return the customized TIPP agreement received from The City.
- Initial Payment
- Make any required initial payment separate from your monthly payments.