Property Tax Penalties & Interest
Penalty on Overdue Taxes
Outstanding balances (including outstanding Home Owner Grants) are subject to penalty. For 2022, the due date for property taxes is July 4. After July 4, a 5% penalty will be applied to unpaid amounts. A second penalty of 5% will be added at the end of day October 3. Aside from the penalties, no additional interest will be charged on outstanding taxes until January 1 of the following year.
Interest on Arrears 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.
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.