Interior background

Property Taxes

Property taxes are levied by the Municipality. These taxes provide the main source of revenue to deliver services supplied by the Municipality, County and School Boards.

The interim tax bill is an estimate intended to generate approximately fifty percent (50%) of your previous year's property taxes. When the current year's budgets for both Tay Township and the County of Simcoe have been approved,and the Province of Ontario has provided us with the Education Tax rate, the final tax bills are issued. The amount of the interim tax bill is then deducted from your final tax bill.

Properties are assigned a tax class depending on the use or purpose of each property. The annual tax rates are set according to the annual budget and applied to each tax class. Your tax bill is calculated by multiplying the assessed value of your property by the applicable tax rate.

Tax Due Dates

All tax bills are due on the last business day of the following months:

Interim Bill (all property classes)

  • 1 st Installment - February
  • 2 nd Installment - April

Final Bill (residential or farm class)

  • 1 st Installment - June
  • 2 nd Installment - September

Commercial or Industrial

  • 1 st Installment - September
  • 2 nd Installment - November

Payment

Tay offers a variety of payment options for your convenience.

Penalty and Interest for Late Payment

Payments are due on the last business day of the above months. Interest at 1.25% will be added on the first day following the due date as well as on the first day of each month thereafter. To reduce interest and penalty charges, payment must be received by the due date.

Failure to receive a tax notice does not relieve a taxpayer from payment of taxes or liability from late payment penalty. Treasury Department staff have no authority to waive penalty or interest for any reason.

Supplemental Tax Bills

Occasionally, you may find that the assessed value that is shown on your tax bill does not reflect the correct assessment. For example, if you have built a new home, the assessed value may only represent the vacant land portion.

Supplementary tax bills are issued after the final bills, once the revised assessment value is received from MPAC (Municipal Property Assessment Corporation). You may therefore receive a retroactive tax bill up to two or three years later. Property owners are advised to financially prepare for these supplemental tax bills, as they could be substantial.

Receipts

Please retain your payment receipt for your records. When mailing in your payment, if you require a Township of Tay receipt, please include a stamped, self-addressed envelope and a receipt will be mailed to you.

Duplicate copies of invoices, receipts and account printouts are subject to a service charge.

Newsletters

A newsletter is included with your property tax billing. Check out the recent editions below to stay informed about Township news!

Please contact the Treasury Department if:

  • you have not received a tax bill
  • your mailing address has changed
  • you would like your account balance
  • you have received a tax bill, but no longer own the property
  • your mortgage company pays your taxes, but you have received a bill
  • you would like to inquire about payment options
  • you have received a reminder notice for an account you thought was paid

Other Information

A variety of resources are available to provide additional information on the Property Tax process: