Property Taxes | ||||
Property taxes are the main source of revenue to provide services delivered by the Township of Otonabee-South Monaghan (OSM). In addition to collecting taxes for its own purposes, the township is also responsible for levying and collecting taxes on behalf of the County of Peterborough as well as the Province of Ontario. If you have not received your tax bill by the 1st of February (Interim Tax Notice) or the 1st of July (Final Tax Notice), please contact our office at 705-295-6852.
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Tax Rates | ||||
Assessment Information | ||||
On March 25, 2020, the Ontario government announced that the 2020 Assessment Update has been postponed. They have indicated that property assessments for the 2022 property tax year will continue to be based on the fully phased-in January 1, 2016 current values. This means your property assessment for the 2022 property tax year will be the same as the 2020 tax year, unless there have been changes to your property. MPAC is responsible for determining a value on all properties in Ontario. You may contact MPAC at 1-866-296-6722, or visit their website for additional information.
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Due Dates for Property Taxes | ||||
Tax bills for all properties are issued twice yearly:
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Supplementary Tax Billings |
Supplementary tax bills are generated as a result of a change to your property during the taxation year.
These changes can include, but are not limited to: new residential homes, new commercial, residential or multi-residential units, changes in tax classes, additions or renovations to buildings and previously exempt properties that become taxable. These bills follow the Property Assessment Change Notice issued by the Municipal Property Assessment Corporation (MPAC). MPAC is responsible for assessing the properties and forwarding the information to the Municipality for billing. In some cases, these bills can span more than one year depending on the information gathered by MPAC. Supplementary tax bills are in addition to any other tax bills that have been issued. Each bill includes the effective date and reason for change. They are due in one instalment and notice is provided at least 21 days before the payment is due. |
Additional Charges | ||||||||||||||||||
There are additional charges for services that are added to your tax bill. Taxes are multiplied by the assessment of your property.
Street Light charges
Sewer charges 2022 sewer rates for Burnham Meadows are $1,095 |