Taxes

Seniors Property Tax Deferral Program

To qualify:

• You must be an Alberta resident
• You must be 65 years or older
• Your home must be your primary residence (where you live most of the time).
• You must have a minimum of 25% equity in your primary residence.

You can apply for this anytime of the year, however your application must be recieved 30 days prior to the tax deadline in order to have your taxes paid. Please note: If applying for this beyond the 30 days (plus mailing) you must pay your taxes to the Village on or before the June 30th deadline to avoid a penalty.

Seniors Property Tax Deferral Program Website

Seniors Property Tax Deferral Program Brochure

Application

For more information contact the Alberta Supports Contact Centre 1 (877) 644- 9992 or (780) 427-9999

Mail to: Seniors Property Tax

Deferral Program

PO BOX 1200

Edmonton, Alberta T5J 2M4

Pre-Authorized Tax Payment Plan

The S.V. of Sunset Point's Pre-Authorized Tax (PAT) Payment Plan can help.

A monthly tax payment plan is the smart way to pay your property tax.

Now you can pay your taxes in twelve monthly installments instead of a single large payment.

Makes your month to month budgeting for expenses easier. Avoids the embarrassment of missing payments or a penalty charge for late payments.

How it Works

The PAT Plan runs from January to December each year. Your first four monthly payments will be estimated based on your previous year's tax levy.

Residents receive their tax notice in May. As PAT Plan participant, your monthly payments will then be revised for your June payment.

Any adjustments required as a result of the annual levy will be spread over the last eight payments of the year. The revised payments continue until May of the following year.

Payments may only be made by automatic withdrawal from an account with CHEQUING privileges at a bank, trust company, treasury branch, or credit union. The S.V. of Sunset Point requires your written permission before the withdrawals begin. There is no charge for this service; however, your normal bank charges may apply.

Example

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Last year's taxes …………..$1,800.00

 

January thru April Payments

($1800 - 12 months = $150/month)

x 4 months ……………………. $ 600.00

 

Current Tax Bill ……………….. $ 1855.00

Less January thru April payments 600.00

Balance Owing …………………… $ 1255.00

 

May thru December Monthly Payments

($ 1255 - 8 months = $156.88 )

x 8 months …………………………. $ 1255.04

 

Balance at December ………… 0.04 CREDIT

 

The resulting credit balance will be carried forward to the next taxation year.

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DID YOU KNOW ?

If you decide to join the PAT Plan, you may be eligible for a refund of any taxes paid to your financial institution. Your first installment won't be due to the S.V. of Sunset Point until January. If you move to the PAT Plan, the money collected by your mortgage company to date can either be applied to your principal or refunded directly to you.*

*check with your bank or mortgage company as rules may vary.

HOW TO APPLY

You can join the PAT Plan if:

• you have CHEQUEING privileges at any of the following: bank, trust company, treasury branch, or credit union;
• your application is received before the start of the calendar year;
• you are currently paying your taxes through a bank or mortgage company and you request a transfer to the Summer Village's plan.

Contact your Administrator @ (780)717-6843 to request the Authorization form to get you started or download the form from the web site and mail the completed form to the summer village

Payments will clear your bank on the last day of each month.

If you change your chequing account, please advise the Summer Village Office at (780)717-6843 at least TWO WEEKS prior to the next payment date.

Withdrawing from the Plan

You may withdraw from the PAT Plan by giving written notice at least TWO WEEKS prior to the next payment date.

If payments are missed, the Summer Village has the option to cancel the agreement.

NOTE: If you withdraw from the plan, or your Plan is cancelled, all unpaid taxes become due and payable, and are subject to penalties in accordance with the penalty bylaw.

Moving, selling or Buying New Property

Moving with Sunset Point? The PAT payments can be revised to correspond with the taxes on your new property.

Buying a new property in Sunset Point? Arrangements can be made to allow you to join the PAT Plan during the year.

Selling your property? To ensure that the payments are discontinued at the proper time when your property is sold, please notify the Summer Village Office at (780)717-6843, at least two weeks prior to the next payment date.

For More Information

If you have any questions about the PAT Plan, please call:

The Summer Village of Sunset Point

(780)717-6843