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Property Tax Penalties & Interest

PENALTY ON OVERDUE TAXES

Property taxes are due on the first business day in July.  Outstanding balances (including outstanding Home Owner Grants) are subject to a 5% penalty if not paid by the due date and a further 5% penalty if not paid by the first business day in September.  Aside from the penalties, no additional interest will be charged on outstanding taxes until January 1st of the following year.

INTEREST ON ARREAR TAXES

Property taxes are considered to be in arrears on January 1st of the following year of being overdue.  If your taxes are still outstanding as of this date, interest will be charged at a rate set by the Province and updated quarterly.

INTEREST ON DELINQUENT TAXES

Property taxes are considered to be delinquent on January 1st of the 2nd year of being overdue.  If your taxes are still outstanding as of this date, interest will continue to be charged at a rate set by the Province and updated quarterly.

TAX SALE

On the last Monday of September, in the year which property taxes become delinquent, the property will go to public auction if delinquent taxes, including interest, remain unpaid.