Notice of Change to 2011 Final Billing Dates
The final tax bills for 2011 will be issued in June with the balance of the taxes to be due in two installments, July and September. Please be advised that the due dates for the 2012 property taxes will be changing to the following: February, April, July and September.
The tax rate by-law was passed by Council on May 16, 2011 establishing the tax rates and due dates for the final 2011 property taxes. Section 5 of By-law 2011-62 states that the due dates for the residential taxes will be July 25th and September 23rd, 2011 and commercial/industrial property tax due date will be July 26th and September 26th, 2011. The residential taxes have been prepared and have been mailed out. The commercial/industrial tax bills have not yet been prepared.
Due to the capping information not being ready (as of June 30, 2011) please be advised that the due dates for the Commercial/Industrial and Multi-Residential tax classes will be changed to August 25, 2011 and October 25, 2011 as per Section 5 of By-law 2011-62.
Tax Calculation & Rates
Your property taxes are determined by multiplying the Current Value or "Assessment" of your property by the annual Tax Rate for the property type or "Property Class". The 2011 Total Tax Rates for each property class in the Township of King are shown below. These tax rates include Township, Region and Education Taxes. (View the rates broken down for each)
2011 TAX RATES
|
Property Class |
Total Tax Rate |
|
Residential |
0.01013356 |
|
Multi-Residential |
0.01013356 |
|
Commercial Occupied |
0.02098355 |
|
Commercial Vacant |
0.01468849 |
|
Industrial Occupied |
0.02416189 |
|
Industrial Vacant |
0.01570523 |
|
Farmland |
0.00253338 | |
|
Levy Change 2010 |
|
Commercial |
0.5705% |
|
Industrial |
0.5759% |
|
Multi-Res |
1.0454% |
|
Clawback Rates 2010 |
|
Commercial |
66.3231% |
|
Industrial |
77.7440% |
|
Multi-Res |
0% | |
If you do not agree with the Current Value Assessment placed on your property, please contact the Assessment Office at 1-877-296-MPAC (6722) or visit their website at www.mpac.ca
Supplementary Taxes
Supplementary Taxes and Buying a Newly Constructed Building
For newly constructed homes or buildings, the property taxes may have not yet been assessed in full even though the homes have been completed. If the building portion has yet to be determined, you will only be paying taxes on the value of the land.
The Municipal Property Assessment Corporation (MPAC) calculates the assessed values for all properties in Ontario. Due to the volume of buildings to be assessed in Ontario, this may not happen in the current year. Any taxes owing on the building will be retro-active to the date of occupancy. Once this process is completed, the land and building taxes will be combined and levied accordingly.
Property Taxes
You can pay your taxes by cash, cheque, post-dated cheque, direct debit or pre-authorized payment. For 2010, all unpaid taxes will be charged an interest charge of 1.25 percent per month. This charge will be added on the first day of each calendar month in which the default continues. Additional information included within your 
Tax Insert 2010
Please Note: Credit cards will not be accepted for payment of Property Tax.
Property Tax Rebates For Vacant Commercial & Industrial Buildings
Starting in 2001, property tax relief for vacant commercial and industrial buildings will be provided to property owners through rebates that are issued by municipalities. This new rebate program is governed by section 364 of the Municipal Act and Ontario Regulation 325/01 and assistance will be provided by contacting the Finance Department. ONLINE APPLICATION FORM under construction - coming soon
Final Tax Insert 2011
Interim Tax Insert 2011
Tax Insert 2010
Tax Relief for Seniors, Low-Income Seniors and Low-Income Disabled Persons
If you are a senior over 65 years of age, a low-income senior between 55 and 64 years of age, or a low-income person with a disability and own your principal residence in York Region, you may be eligible for an annual deferral of either all or part of your property tax increases.
To be eligible for a full deferral of the tax increase, you must be:
- Disabled, as defined by the Ontario Disability Support Program Act, 1997, receiving benefits under the Ontario Disability Support Program, (ODSP) or the Guaranteed Annual Income System for the disabled (GAINS) and be eligible to claim a disability amount as defined in the Income Tax Act; or
- Senior over 65 years of age.
To be eligible for a partial deferral, you must be:
- 55 – 64 years of age and receiving a property tax increase of more than $100 in a reassessment year. Your annual gross household income from all sources must be $23,000 or less if single, or $40,000 or less in the case of a family of two or more persons.
In addition, you must be the owner of the property on January 1st of the taxation year for which the deferral has been requested. All deferred taxes must be repaid in full upon the sale or transfer of title to the property. Repayment is not required if the transfer of the property is being made to a spouse.
To determine your eligibility to receive a property tax deferral, please contact the Finance Department at the Township of King 905-833-5321. Applications must be received no later than September 30, of the taxation year for which you are requesting a property tax deferral.
Tax Deferral Application