What is a Supplementary Tax Bill and when is it issued?

issued Supplementary tax
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What is a Supplementary Tax Bill and when is it issued?

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If your home or building was constructed or altered in the past three years, your property may not be fully assessed yet. Owners of newly constructed or altered homes and buildings are initially assessed for the value of the land only, but are responsible for full taxes from the date of purchase or occupancy. The Municipal Property Assessment Corporation (MPAC) will issue a Supplementary Assessment Notice to you and advise the Town accordingly of your new Current Value Assessment (CVA). Until the Town is advised of a Supplementary Assessment on a property, we cannot issue a Supplementary Tax Bill. Consequently, there could be a considerable time lapse from the actual occupancy date and the date a Supplementary Tax Bill is issued. Supplementary Tax Bills are normally due in two installments. It is recommended that you plan for this billing, as when issued, it may overlap with our normal billing due dates. Additional information concerning Supplementary Tax Bills can be obtained from the

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