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Property Taxes

Property taxes are levied by the Town of Parry Sound to generate revenue for essential public services, such as education, infrastructure, and public safety. They help ensure that property owners contribute to the upkeep and development of our community.

Property Tax Due Dates

2024 Final tax bills have now been mailed. The first installment is due August 23rd and the second installment is due October 25th.

Please contact the Town office if you have not received your tax bill by the end of July.  Property owners are responsible for paying their property taxes even if the bill did not arrive in the mail. 

The Town of Parry Sound mails tax bills at the beginning of February and the beginning of July each year. Installment payments are due on:

Installment payments are due on:

  • The 4th Friday of March
  • The 4th Friday of May
  • The 4th Friday of August
  • The 4th Friday of October

(Dates subject to change)

Payment Options

The Town office accepts pre-authorized payments, payments made through your financial institution, in-person payments, or by mail.

Our pre-authorized payment plan spreads payments over 10 months. The plans begin in February and you have the option to have the payment come out on the 15th or the last business day each month. If you are interested in this plan please fill out the application and send to our office.

You can pay your taxes from your financial institution using online banking, telephone banking, at an automatic teller or in person. To pay your taxes through online banking you will need sign on to your financial institutions secure website and use your nineteen digit role number (no spaces or dashes).

Please make cheques payable to the Town of Parry Sound. If you require a receipt, please enclose a self addressed stamped envelope. Cheques postdated to the due dates will be accepted.

Our mailing address is:

The Town of Parry Sound
52 Seguin Street
Parry Sound, ON
P2A 1B4

Payments may be made in person at the Town office, at 52 Seguin Street during regular office hours. We accept cash, cheque or debit card payments.

You may also leave your payment in the after-hours drop-box located at the main entrance off the parking lot. Please do not leave cash in the drop-box.

If you have a mortgage, your financial institution may pay the property taxes on your behalf. The institution must contact the Town to have their interest added.

Penalties & Interest

On the first day of each month, the penalties and interest are calculated. Penalty and interest rates are 1.25% per month

When a payment is received it will be applied in the following order:

  1. Penalties from any year;
  2. Outstanding taxes

Didn't Receive Your Tax Bill?

Contact the office if you have not received your tax bill by the end of February or July. Property owners are responsible for paying their property taxes even if the bill did not arrive in the mail. Not receiving the bill will not excuse the owner from penalty charges.

Property Assessment

The Assessment Act requires that the assessed value of your property be based on what your property would likely sell for on a specific date. The Municipal Property Assessment Corporation (MPAC) is responsible for assessing and classifying all properties in Ontario based on current value assessment (CVA). If you have any questions in regards to your assessment please contact MPAC at 1-866-296-6722 or visit the MPAC website.

If you feel that the assessment of your property is incorrect, appeals can be made to the Municipal Property Assessment Corporation (MPAC). Appeal forms can be viewed and downloaded from the MPAC website.

 

Request A Tax Certificate

Tax certificates are legal documents meant to be supplied to lawyers, acting for the owner on the purchase or sale of a property. Certificates give the annual taxes, any current or prior year arrears, and any local improvements billed to the property. There is a fee charged for this certificate. The information is valid only at the moment of production of the certificate.

Purchasers can have their lawyers write a letter requesting a certificate along with payment to the Town of Parry Sound to be sure there are no outstanding amounts owing when the purchaser takes ownership.

 

Tax Sales

There are no current tax sales at this time.

Property tax sales are regulated by the Municipal Act, 2001 along with the Municipal Tax Sales Rules.

The Town may register a tax arrears certificate on title against any property that has tax arrears owing on January 1st, when in the 2nd year of arrears.

After one year from the date of the registration of a tax arrears certificate - if the arrears plus any additional cost have not been paid in full or an extension agreement has not been entered into - the property will be sold by public tender. Please note that during the tax sale process no partial payments will be accepted.

Charity Tax Rebate

The Municipal Act requires that all municipalities are to provide a rebate program for charities and similar organizations. The rebate for these organizations must be a minimum of 40% of the property taxes paid if the organization owns or occupies commercial or industrial properties.

Organizations are eligible if they are registered charities as defined in the Income Tax Act (Canada) subsection 248(1) and have a registration number that was issued by the Canada Customs and Revenue Agency.

How To Submit A Charity Tax Rebate Application

Applications are due the last day of February of the year following the year being applied for. Applications must be made each year.

Submit your property tax information using the Charity Rebates Application Form in order for a rebate to be calculated and granted.

Charities and similar organizations that rent their space must get proof of the amount of taxes paid /included in their rent from their landlord. This information must be provided when you submit your application or it may be denied for that year.

Contact Us

 

Town of Parry Sound
52 Seguin Street
Parry Sound, ON P2A 1B4
T. (705) 746-2101
F. (705) 746-7461

Monday - Friday, 8:30 AM - 4:30 PM ET
Closed on statutory holidays