Property Taxes

The Interim Tax Bill is issued in February, with installments due mid-March and mid-May. 

The Final Tax Bill is issued in June, with installments due mid-July and mid-September.

Online and Telephone Banking:

• Look for Wasaga Beach as a “Payee” on your banking website and select the applicable name. 
• For property taxes, the account number will be all 19 digits of your roll number beginning with 4364 and ending with 0000 with no spaces or dashes.
• Please remember to update account numbers if you are moving within town. There is a $5.00 charge to transfer payments made to the wrong account.

Pre-Authorized Payment Plans – We offer two Pre-Authorized Payment options:

1. Due dates - payments are deducted from your bank account on the four (4) installment due dates as noted on your bill or;
2. Monthly - payments are deducted from your bank account in ten (10) monthly installments from January to October.  

Allow up to 10 business days for processing.  For further details see the Preauthorized Payment Form.

Debit/Credit Card/Cash/Cheque – You can pay your Property Tax and Water/Sewer Bill at Town Hall using a

variety of payment options.

Drop Box – For payment by cheque, a drop box is available for payments made after our office has closed and

is located at the front entrance of the administration office located at 30 Lewis Street.

Online Credit Card Payments - Using a VISA or Master Card credit card, you can pay your Property Taxes through our website.

All unpaid taxes are charged an interest rate of 1.25% per month. This charge is added on the first day of each calendar month in which the default continues.

For newly constructed homes or buildings, additions or other property improvements, the property taxes may have not yet been assessed in full even though the homes have been completed. If the building portion of the assessment has yet to be determined, you will only be paying taxes on the value of the land.

The Municipal Property Assessment Corporation(MPAC) calculates the assessed values for all properties in Ontario. After MPAC has been notified by the town building department that the property improvement has been granted occupancy, they will schedule one of their team to assess the changes.  Due to the volume of buildings to be assessed, this may not happen in the current year.

Once MPAC has completed their assessment, they forward the value to the property tax department for billing.  Any taxes owing on property improvements will be retro-active to the date of occupancy. Property owners will receive a separate bill for this amount.  Once this process is completed, the land and building taxes will be combined in future tax years and levied on the regular property tax billing schedule.

Formula  =  PROPERTY ASSESSMENT 1  multiplied by  TAX RATE 2  

1. The Municipal Property Assessment Corporation (MPAC) classifies and assesses all properties in Ontario under the Assessment Act and regulations established by the Provincial Government.
   
   To establish your property’s assessed value, MPAC analyzes the property sales in your area.  These sales provide the basis for assessed values.
   
   MPAC continually collects information about properties to ensure that similar property types are valued consistently within the market area.  This method is called Current Value Assessment.  It is used by most assessment jurisdictions in Canada and around the world.
2. Tax rates are calculated and approved annually by the Municipality, The County and the Province of Ontario for the Education portion.