Tax Installment Payment Plan (TIPPs)

Overview


If you want to avoid that large one-time tax payment or just average your expenses, the City of Chestermere offers the Tax Installment Payment Plan.

What is the Tax Installment Payment Plan (TIPP)?


This optional plan allows property owners to pay taxes by automatic monthly debit from their bank account. As a TIPP participant, you are not required to make an annual lump sum tax payment. Your taxes can be paid in monthly installments on the 15th of each month and adjusted automatically on an annual basis to reflect any tax changes for the current year. 

The monthly payment is calculated by dividing your annual property tax by 12. You will still receive a tax notice in June that shows your current taxes but it will also show a credit amount that is equal to the payments made to date.

TIPPs Participants:
Annual Tax Levy = January to June payments + July to December payments.

How do I participate in the Tax Installment Payment Plan?


To participate in the TIPP program:

  1. Complete the TIPP Agreement Form
  2. Return the form, your void cheque, and payment (to get your tax account up to date) to City Hall. For example, if you sign up in July, payments for January – June will be required before you can enroll. There is no application cost to sign up.
  3. The first payment will be withdrawn from your account on the 15th of the following month.
  4. Payments will continue to be withdrawn unless you submit a TIPP Termination Form
  5. Payments will be automatically adjusted each year (in July) to account for any changes in the tax rate. 

Future Adjustments 
When we know your next year’s tax amount, we will automatically adjust your payment on July 15 to an amount creating a zero balance by year end (December 31).

The new payment amount will remain in effect until the following years tax notice is mailed when your payment is re-adjusted. For more information please call the Tax Department at (403) 207-7057 or email us.

Note: If your home was a new build and was completed in the current calendar year, please call the Tax Department at (403) 207-7057 prior to signing up for TIPPs. 

Note: The provincial government has a property tax assistance program for seniors. Visit their website to learn more.

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