Property Taxes & Utilities

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.

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.

Low income seniors and persons with disabilities that own their home in the County of Simcoe who meet certain criteria and whose property taxes have increased over the previous year, may apply for a tax reduction of up to $250 against an eligible increase.

Eligibility

• 65 years of age or older and eligible for support under the Federal Guaranteed Income Supplement (GIS) program or Ontario Works; or
• A person with disabilities of any age, who is eligible for benefits under the Ontario Disability Support Program (ODSP).
• The subject property must be the primary residence of the applicant. No relief can be granted for properties used on a seasonal or occasional basis that are tenanted or are otherwise used for a purpose other than the owner’s primary residence.  

Eligible Relief

Relief under this program can only be granted against a year-over-year increase in calculated property taxes. If the total property taxes as shown on your final property tax bill are greater than the final taxes for the previous year, you may be eligible to have the increase amount cancelled up to a maximum of $250. If the total property taxes are less than or equal to the prior year’s taxes, no relief can be granted.

Applications For Relief

Applications are available in person at the Town of Wasaga Beach Municipal Office or can be downloaded from our website.

Please do not submit supporting documentation with your application. Staff will review your application and provide you with a preliminary response, at which time, specific documentation or confirmation of information may be requested before relief can be granted.

If you require assistance completing your application, please contact the tax office at 705429-3844 ext. 2234 and staff will be happy help you through the application process.  

Application Deadline

Applications may be made once final tax bills have been issued and must be received between July 1st and December 15th of the year the application relates to.  

Applications are available at the Town of Wasaga Beach Administration Office at 30 Lewis St. or can be downloaded here.

Formula  =  PROPERTY ASSESSMENT (1) X 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.

 For more information on the current Tax Levy please refer to the By-law to set Tax Rates and to Levy Taxes.

The Municipal Property Assessment Corporation (MPAC) is charged with the responsibility of assessing the value of all properties in Ontario.

The Province of Ontario sets the policies as it relates to assessment and MPAC administers them. Assessed values are then provided to municipalities, who then use these figures to determine your property taxes.

For information on how assessment works, market trends, the Request for Reconsideration process and property assessment and taxation, visit aboutmyproperty.ca. If you would like to see the information MPAC has on file for your property or compare your property to others in your area, you can register and login using the Roll Number and Access Key located on your Property Notice Assessment.

• Filing for a Property Tax Adjustment with Your Municipality
• How to file an appeal
• Download the Appeals Form