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Tax Instalment Payment Plan (TIPP)

Athabasca County is in the process of implementing an optional way for ratepayers to pay their Residential and Farmland associated tax rolls. 

If Bylaw 007-2017 is passed, at the December 12, 2017 Athabasca County Council meeting, an information package on the Tax Instalment Payment Plan (TIPP) including a Pre-Authorized Debit (PAD) Agreement will be posted on  our website and also mailed to ratepayers with Residential and Farmland associated tax rolls.

Monthly instalment payments break your property tax into smaller payments throughout the year. Offering (TIPP) will allow you to pay your property tax in monthly instalment payments by Pre-Authorized Debit (PAD) from your bank account.

To take full advantage of 12 monthly instalments, a Tax Instalment Payment Plan (TIPP) Pre-Authorized Debit (PAD) Agreement must be received no later than December 31, 2017.

The tax year is the calendar year (Jan. 1 to Dec. 31) and the current levy is calculated in May using new tax rate and property assessments.

The following example illustrates payments if you join by December 31, 2017:

TIPP Effective January 2018:

Previous Year Tax = $1,200 ÷ 12 months = $100/month

Instalment Payments – Jan to May – 5 months @ $100/month = $500

*Current Year Tax = $1,300 – $500 = $800 ÷ 7 months = $114.28/month

Instalment Payments – Jun to Dec – 7 months @ $114.28/month = $800

 

If you choose to join in a month other than January, a Tax Instalment Payment Plan (TIPP) Pre-authorized Debit (PAD) Agreement must be received at least thirty (30) days before the next monthly instalment payment.  Prior to joining, the total lump sum payment, of all missed monthly instalment payments, must be made before sign-up.

The following is an example of how TIPP would work if you joined in June 2017:

TIPP Effective July 2018:

*Current Year Levy = $1,300 ÷ 12 months = $108.33/month

A lump sump payment of $650 must be paid no later than June 30 prior to sign-up.

(For Jan to Jun – Missed Instalment Payments – 6 months @ $108.33/month = $650)

Instalment Payments – Jul to Dec – 6 months @ $108.33

 

* Please note:  $1,300 is a random amount used for this example only