City of Toronto issues 2024 interim property tax bills

The City of Toronto has issued 2024 interim property tax bills – the first of two tax bills mailed each year.

Under the three-instalment plan, property owners must adhere to the payment schedule for the 2024 interim tax bill with instalments due on March 1, April 2, and May 1. The final 2024 tax bill is scheduled to be sent out in May.

For property owners enrolled in the Pre-authorized Tax Payment program, the due dates for the interim tax bill vary based on the instalment plan chosen:
•       Two-instalment plan: March 1
•       Six-instalment plan: March 1, April 2, and May 1
•       11-instalment plan: February 15, March 15, April 15, May 15, and June 17

Toronto City Council will convene a special meeting on Wednesday, February 14, to deliberate on the proposed 2024 Budget property tax increases. The final 2024 property tax bill including instalment payment dates will be issued in May.

Last year, the City introduced the paperless billing option, allowing residents to register for email notifications of their property tax bills. Customers can view, print and download their digital property tax and utility bills through a secure online platform. Enrollment for eBilling services is available via the City’s Property Tax Lookup and Utility Account Lookup webpage (www.toronto.ca/services-payments/property-taxes-utilities/inquiry-payment-counters) or MyToronto Pay (www.toronto.ca/services-payments/mytoronto-pay).

Payment options for property taxes include MyToronto Pay which facilitates various payment methods:
•       Electronic funds transfer with no fee
•       Credit card payments (Visa, MasterCard, or American Express) incurring a fee of 2.35 per cent of the total payment amount
•       Debit card payments incurring a fee of 1.5 per cent of the total payment amount

To avoid late fees and penalties, payments must be received by the City before the end of the day on the due date. Property owners enrolled in pre-authorized payment plans are reminded to update their account information promptly to prevent penalties and fees.

In-person counter services are available at civic centres and Toronto City Hall. Details regarding locations and operating hours are accessible on the City’s Inquiry & Payment Counters webpage: www.toronto.ca/services-payments/property-taxes-utilities/inquiry-payment-counters.

Property owners can access their property tax account details through the online Property Tax Lookup tool (www.toronto.ca/services-payments/property-taxes-utilities/lookup-your-property-tax) or by contacting a customer service representative at the 311 Tax & Utility Inquiry Line. Extended hours of operation at inquiry and payment counters, from 8:30 a.m. to 5:30 p.m., will be offered on February 29 and March 1. (www.toronto.ca/services-payments/property-taxes-utilities/inquiry-payment-counters).

For lower-income property owners, a range of property tax, water and solid waste relief programs are available. Further information is accessible on the City’s Property Tax, Water & Solid Waste Relief and Rebate Programs webpage: www.toronto.ca/services-payments/property-taxes-utilities/property-tax/property-tax-water-solid-waste-relief-and-rebate-programs/property-tax-and-utility-relief-program.

SOURCE City of Toronto