Terms and Conditions - Pre-Authorized Property Tax Payments

General

1. How to Cancel a Plan or Change Information: The Tax Office must be notified in writing no later than the 21st day of the month in which payment is to stop or account information is to be changed.
2. Non-sufficient funds (NSF): Tax accounts may be removed from the PAP Plan if a payment is returned by the bank. NSF payments will automatically be represented to the bank approximately 5 working days after the first date of presentment. The City’s administrative fee, applicable at the time of return, will be charged to your account if the 2nd presentment is not honoured.
3. This agreement is NOT transferable. If you acquire a new property, you must complete a new application.
4. Additional property taxes resulting from supplementary/omitted assessments pursuant to section 33 or 34 of the Assessment Act will NOT be automatically added to your plan. These amounts must be paid separately. Alternatively, call the Tax Office if you wish to add the additional property taxes to your plan.
5. Recourse Rights: You have certain recourse rights if any withdrawal amount does not comply with this agreement. For example, you have the right to receive reimbursement for any debit that is not authorized or is not consistent with this agreement. To obtain more information on your recourse rights, contact your financial institution or visit Canadian Payments Association online (www.cdnpay.ca).

Monthly Plan

1. Interim (January) Tax Notice: Participants who signed up for the plan prior to January 10th of the year in question, or are remaining on the plan from the previous year, will receive a mailed out notice in mid-January. The notice will indicate the six (6) monthly payment amounts from January to June. Amounts will be withdrawn on the City’s last working day of each month.
2. Final (July) Tax Notice: Participants will receive a mailed out notice of the final property tax bill in mid-July. The notice will indicate the five (5) monthly payment amounts from June to November. Amounts will be withdrawn on the City’s last working day of each month.
3. December year-end final payment: There will be no mailed out notice for the final payment amount. The 12th payment will differ slightly from the other 11 payments in order to bring the tax account to a zero balance by December 31 of the year. The amount may include charges added to your account such as outstanding Water/Sewer charges, Building Department recoveries, NSF administration fees, returned payments, Provincial Offences Fines, amounts owing due to Supplementary tax billings or assessment changes.
4. Reductions or increases to property taxes payable as a result of assessment changes pursuant to section 32, 39.1, 40 or 46 of the Assessment Act and/or tax appeals under section 334, 357 or 358 of the Municipal Act, 2001 will be reflected in the balance of all scheduled monthly payments as indicated on the notification received when the change is processed by the Tax Office.
   I/We agree to waive my/our right(s) to any pre-notification of the final December amount to be debited from my/our bank account.  I/We do not require advance notice of the final December amount before the debit is processed.

Four (4) Instalment Plan

1. The City of Peterborough will mail Interim and Final Tax Notices showing each instalment amount that will be debited from your bank account on the original date the four instalments are due.

I/We acknowledge that we have read and agree to all the Agreement Details, Terms and Conditions contained within this document.