TIPP PROGRAM TERMS & CONDITIONS
TIPP is a monthly tax installment payment plan by which taxpayers may make consecutive monthly payments for taxes rather than a single annual payment.
To Qualify for the TIPP Program
Your tax account must be paid in full.
Your taxes must not be paid through your mortgage company.
Your application must be received prior to December 15, of the preceding year.
If your application is not received prior to December 15, of the preceding year, then your application may still be processed up until March 14 (the deadline for joining the program) providing that the application includes the missed payments.
If the purchaser of a property wishes to assume the existing TIPP obligations for the purchased property, they should immediately contact 780-338-3845 for complete details.
How Monthly Payments are Calculated
Your most recent annual tax levy is divided by 12 to establish a monthly payment amount. Payments begin on January 1, of the new year and continue for 12 consecutive months.
Payment amounts are adjusted in May (to be reflected in the June payment) to compensate for changes in taxes resulting from the annual tax levy.
TIPPS participants will receive a letter each May, advising them of the amount of their payments for June – December.
Payments may only be made by automatic withdrawal from a chequeing or savings account.
Interested parties must properly complete the TIPPS program application form and the pre-authorized debit agreement before the withdrawal will begin. The Municipal District of Peace No. 135 does not charge for this service; however, normal bank service charges may apply.
If for any reason your property taxes are changed during the year, you will be advised in writing of the new amount of the installment payment. If your tax installment increases for any reason other than the annual tax levy, you will be given 15 days notice before the installment amount is increased.
Withdrawal/Non-Payment
You may withdraw from the plan by giving notice, in writing, by the 15th day of the month preceding the next payment date.
NOTE: If you withdraw from the plan after June 30, a penalty in accordance with the MD’s Tax Penalty Bylaw will be applied to the tax balance unless full payment is received prior to the next payment date or the TIPP obligations are assumed by another person.
If a payment is not honoured by your bank, a service charge will be levied as per the MD’s current Fees and Charges Bylaw. Further, the Municipal District of Peace No. 135 shall cancel the agreement upon default and all unpaid taxes will become due and payable and are subject to penalties in accordance with the MD’s Tax Penalty Bylaw.