What is TIPP, and how does it work?
TIPP is a Tax Instalment Payment Plan that allows property owners to pay their Property Tax in 12 instalments, rather than a single annual payment. Payments may only be made on the first of each month by automatic withdrawal from a bank account. A monthly payment is calculated by dividing your annual tax levy by 12. The program begins January 1, however, you may join at any time during the year. Your payment amount will be adjusted for June 1 to compensate for changes in taxes as a result of the annual tax levy in May. You will be notified of the total amount of instalments paid to date and the new instalment amount for the remainder of the year.
