Tax Installment Payment Plan (TIPP)
WHAT IS THE TIPP?
TIPP (Tax Installment Payment Plan) is a monthly tax payment plan that allows taxpayers the option to make manageable, convenient, budgeted monthly payment installments for property taxes by pre-authorized bank withdraw on the 15th of each month, rather than a single annual payment.
HOW DOES TIPP WORK?
Upon enrollment in TIPP, monthly payment installments will be calculated by dividing the prior year’s tax levy by the remaining months in the calendar year. Once the current year’s tax levy have been applied to the tax roll the remaining monthly installment amounts shall be calculated by taking the actual current years’ 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.
You will be notified on your tax notice of the total amount of installments paid to date and the new installment amount required for the remaining payment in the year, the last being December 15.
All previous years’ taxes and penalties, if any, shall be paid in full prior to being eligible to entering the plan.
Outstanding taxes for property tax rolls that are part of TIPP will not be subject to the 5% penalty applied to current taxes outstanding after November 15th of each year, unless the conditions stated in Bylaw #1915 and Agreement are not fulfilled by the Taxpayer.
HOW DO I APPLY AND WHEN CAN I START TIPP?
Taxpayer’s may enter into TIPP at any time prior to July 1st for payment of the current years’ tax levy. Application made after July 1st will be for the following tax year and installments will begin the following January. A void cheque or Bank Information EFT Form from your financial Institute must be attached to your application.
Applications are available at the Municipal District of Taber Administration Office or online : TIPP Applicaiton.
WHAT IF I CHOOSE TO CANCEL TIPP?
Taxpayers may cancel TIPP at any time upon fifteen (15) days written notice. All taxes shall then become due and payable in accordance with the Municipality’s Tax Penalties Bylaw.