Understanding Your 2017 Tax Bill

How Your Property Taxes are Calculated:

So why do property taxes change year over year?

Taxes may change due to one or a combination of these factors:

  • A particular property assessment (market value) changed more or less than the average (set by MPAC)
  • A change in the annual budget or requirements for municipal operations, Regional operations or education and waste management amounts (set by Town, Niagara Region and Province)

How does the Town of Lincoln use the MPAC’s property assessment?

MPAC’s website provides information about the most recent 2016 assessment. MPAC mails a Property Assessment Notice to property owners in Ontario every four years. The Notice you received in 2016 is MPAC’s assessed value of your property as of January 1, 2016.

The assessed value and classification of your property is used as the basis for calculating your property taxes. To help provide an additional level of property tax stability and predictability, the Ontario Government has introduced a phase-in program for market increases and decreases. An increase in assessed value is introduced gradually, while a decrease in assessed value is introduced immediately.

MPAC encourages property owners to log on to aboutmyproperty.ca to learn more about how your property was assessed, and to see the information MPAC has on file and compare it to others in your neighbourhood.

Additionally, if you are interested in seeing the overall impact across Lincoln for residential properties, visit this link to see a map of Lincoln showing:

  • Percentage change by area from 2016-17
  • Number of properties in the area and the percent change for all residential, single family and condominiums

MPAC assessment of your property may have increased. See the table below provided by MPAC as an example of the phased-in four-year approach:

table showing, The assessed value and classification of your property is used as the basis for calculating your property taxes. To help provide an additional level of property tax stability and predictability, the Ontario Government has introduced a phase-in program for market increases and decreases. An increase in assessed value is introduced gradually, while a decrease in assessed value is introduced immediately.

 

Your 2017 Tax Bill:

Two parts to your bill that make up your payment:

  1. Tax calculation (based on MPAC property assessment AND municipal/regional tax increase)
  2. Payment plan

Tax increase

The municipal tax levy (includes Town of Lincoln, Niagara Region, and Education) may increase each year depending on approved budgets. Additionally, this year, MPAC conducted their 4-year re-assessment in 2016 resulting in increases to local property assessments for the 2017 tax year. 

For those on the 10-month installment plan

  • January – June 2017 installments are based on prior year taxes (2016)
  • July – October installments are based on current tax year (2017)

Your Potential Increase in July’s payment (10-month plan):

Two reasons:

  • A change in the assessed value of your property by MPAC. This would be reflected in your July tax installment for the first time this year, resulting in an increase in your payment
  • January to June’s installments are based on 2016 tax rate and are divided into 6 installments versus four installments

Table outlines the change in taxes for 2017 and 2016 if no property assessment change. The table provides figures for the Lincoln, Niagara Region and Education portion of the tax bill, Table outlines the change in taxes for 2017 and 2016 if no property assessment change. The table provides figures for the Lincoln, Niagara Region and Education portion of the tax bill

*(brackets) indicate a decrease and figures are in dollars

Breaking down your payments (example purposes only, not actual):

As a scenario, the following example provides a breakdown of payments if your taxes were:

$1,300 in 2016
$1,500 in 2017
$1,700 in 2018

  • For the first 6 months of the year, your installment is calculated using the previous year’s tax rate, divided by 10 (for installments).
  • To calculate the next 4 installments, the total 2017 taxes owed minus the 6 installments you’ve already paid, and then divided by four

Example:

Payment Year

Installment period

Tax rate year

Installment calculations

Payment

2017

Jan-June

2016

1,300÷10

$130

July-Oct

2017

1,500-780(130x6) =720

720÷4

$180

2018

Jan-June

2017

1,500÷10

$150

July-Oct

2018

1,700-900(150x6) =800

800÷4

$200

For more information:

Tax Bill:

If you have further questions about your tax bill email taxclerk@lincoln.ca and for your payment installments email cashier@lincoln.ca or call at 905-563-8205.

Property Assessments:

The Town of Lincoln does not have jurisdiction over property assessments. Residents with concern over their assessment should contact MPAC directly at their Customer Contact Centre Toll Free 1 866 296-MPAC (6722), TTY 1 877 889-MPAC (6722), Monday to Friday – 8 a.m. to 5 p.m. EST or through their online form (https://www.mpac.ca/ContactUs) .

 

 

4800 South Service Road
Beamsville, Ontario
L0R 1B1
  

TEL: 905-563-8205
FAX: 905-563-6566
Emergency After-hours: 905-641-0971
info@lincoln.ca

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