Asset Management Plan for the Municipality of Powassan

2021 Asset Management Plan for the Municipality of Powassan

2016 Asset Management Policy for the Municipality of Powassan 

2013 Asset Management Plan for the Municipality of Powassan 

Property Tax Rebate

This rebate program provides tax relief to property owners who have vacancies in commercial and industrial buildings. The Municipality will issue rebates to owners who submit a Commercial/Industrial Vacancy Rebate application according to the instructions by February 28th of the year following the vacancy.

Property owners who are eligible for a rebate may submit an application to the Municipality for each year that a building or portion of a building is vacant for at least 90 consecutive days.

Property owners or their authorized representative must return the application completed and signed to the Municipal office, making sure that the questionnaire is totally completed. Any additional documentation should be submitted such as expired leases or media advertisements, utility records, or any other material, that would substantiate the application.

Property Taxes & Assessments

Property taxes are calculated based on the assessment value of your home or business calculated by the Municipal Property Assessment Corporation (MPAC) and the tax levy needed to meet the required municipal expenditures for the year.

At the beginning of each year Council reviews the financial position of the municipality. They also review proposed projects combined with the community needs to determine the amount of revenues that must be generated to cover the expenses, as every municipality must have a balanced budget (revenues equal expenditures). Revenues are raised through user fees, planning fees, and service charges. The new Municipal Act, 2001 stipulates that most user fees must be cost recovery only. This leaves little room for a municipality to raise monies from sources other than property taxes. Therefore, property taxes are the main source of revenue for municipalities.

The total amount of tax revenue required is then divided by the total property assessments for the Municipality and thus a “tax rate” is determined. The rate is applied to the assessment value to come up with the current taxes for the ratepayer. For example, if a home is assessed at $100,000 and the tax rate is $.012003, the taxes for the year would be $100,000 x .012003 which equals $1,200.30.

If a homeowner feels his assessment is incorrect then he must submit a Request for Reconsideration form to MPAC. MPAC will review the ratepayers concerns and then make the necessary adjustments to the value of the property. A copy of any adjustments is then forwarded to the Municipality and the appropriate changes made to the taxes if that particular year.

For further information review the latest Tax Collection Policy (2021). 

Tax Levy for 2023 - By-Law 2023-02

If you have any questions regarding your tax or utility account please feel free to contact the Treasurer at brobinson@powassan.net

Payment Options

The Municipality of Powassan makes it very easy for residents to pay their tax and utility bills. The Municipality takes money orders, cheques, cash, online payments or debit transactions as a means of payment.

Payment can be made using the mail, visiting the office at 250 Clark Street, using the drop off box located at the side of the main entrance or submitting post-dated cheques to the office.

Other methods include the Pre-authorized Payment Plan which provides 12 automatic payments from your bank to cover yearly taxes and online payments of both taxes and utilities.

Using the On-line Payment Method

If you have access to online banking through your regular financial institution then you can pay your tax and utility bills on-line. When doing so you must know your account number to avoid any errors.

Each account number should start with the municipal identification numbers. The Municipality of Powassan’s is 49 59.

For example when your tax bill comes in the mail, the top will indicate your account as 49 59 010 001 01000 0000. This number must be typed into your on-line service account, minus the spaces.

When your utility bill arrives it will only indicate 010 001 01000 0000 as your account number. You must then add a “w” to indicate it is a utility account and the 49 59 for the municipality then your stated account number. Therefore, W49590100010100000000 would be typed in for the above account.

Pre-authorized Tax Payment Plan

The Pre-authorized Tax Payment Plan offers the convenience of no cheques to write, no stamps or envelopes, no worries about overdue payments, no large lump sum payments and no line ups at your bank or municipal offices. We are sorry, but currently this service is not available for utilities.

We offer one convenient plan that takes twelve (12) monthly installments for taxes directly from your bank account and credits it to your property tax account. No interest is charged on outstanding balances month to month as during the course of the year, your taxes are paid in full. The withdrawal from your account occurs on the first business day of each month.

Our Pre-authorized Tax Payment Plan runs from January to December. The first seven monthly payments are based on the previous year’s tax levy divided by 12. The final five monthly payments are adjusted to reflect the actual taxes for the year based on any changes to assessment values or tax rate changes.

Example: Previous year’s property taxes $1,100 January through July monthly payments $91.66 Current year’s property taxes $1,200 Less total payments (January to July) $641.67 Balance owing $558.33 August through December payments ($558.33/5) $111.67.

Payments may only be made by automatic withdrawal from an account with chequing privileges at a financial institution.

You can join the plan if:

1. you are a property taxpayer in the Municipality; and
2. your tax account is in good standing and has no arrears; and
3. you do not presently pay your taxes through a mortgage company.

Application forms can be picked up at the Municipal Office or found online here: Pre-Authorized Tax Payment Plan application. When returning the Pre-authorized Tax Payment Plan Authorization Form please ensure the property address and roll number are written on all correspondence, it is signed and you have included a cheque marked "VOID". Please either mail or deliver your application and attached cheque to the Municipal Office at 250 Clark Street, PO Box 250, Powassan, Ontario, P0H 1Z0.

Charity Rebate Program

Legislation passed by the Province of Ontario requires municipalities to provide eligible charities with rebates of at least 40% of their property taxes.

Charities will be eligible for this mandatory rebate if they have a valid registration number issued by Canada Revenue Agency, and if they are occupying commercial or industrial property. Charities who are tenants of business property will be eligible for the rebate in the same way as property owners.

Applications must be made between January 1 and the end of February of a particular year for the rebate on the previous year's total taxes.

Registered charities must apply annually for the rebate by completing an application and returning it to the Municipality of Powassan by the due date.

Download/view the Charity Tax Rebate Application form.

 

FINANCIAL STATEMENTS

 

A hard copy of Financial Statements will be provided at no cost to any taxpayor or resident of the municipality, upon request. 

 

2022 Financial Statements

2021 Financial Statements

2020 Financial Statements

2019 Financial Statements

2018 Financial Statements

2017 Financial Statements

2016 Financial Statements

2015 Financial Statements

2014 Financial Statements

2013 Financial Statements

2012 Financial Information Return and Performance Measures

2012 Financial Statements

 

Water System Financial plan:

The Municipality of Powassan's water system financial plan is available to download by clicking the below link:
Municipality of Powassan- Water System Financial Plan

 

 

Tax Sales

Purchasing A Tax Sale Property

To bid on a tax sale property, the following five steps must be completed:

1. Determine your bid amount, which must be greater than the minimum tender amount
2. Complete Form 7- Tender to Purchase
3. Obtain a money order, bank draft, or certified cheque of at least 20% of your bid amount
4. Insert your completed Form 7 and bid deposit in a sealed envelope with the required information. The sealed envelope must be addressed to the Treasurer, must indicate that it is for a tax sale, and must provide a short description or municipal address of the land sufficient to identify the parcel of land to which the tender relates.
5. Submit your tender in person at our office or mail to, 250 Clark Street, PO Box 250, Powassan, ON  P0H 1Z0. The submission must be received prior to the closing date and time.

Frequently Asked Questions

For answers to some frequently asked questions regarding the tax sale process, please refer to the OTS website.

Please also refer to OREG 181/03 for a review of the legislation governing the tax sale process.

Current Tax Sales

TAKE NOTICE that tenders are invited for the purchase of the lands included in this Sale of Land By Public Tender package and will be received until 3:00 p.m. local time on October 12, 2023 at the Powassan Municipal Office, 250 Clark Street, Powassan, ON. PLEASE NOTE: Tax Sale File No. 22-07 has been postponed.  

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m local time at the Powassan Municipal Office, 250 Clark Street, Powassan. 

 

__________________________________________________________________________ 

FINAL RESULTS OF TAX SALES (Closed April 6, 2023 at 3:00 p.m.)

 

Our File No.	Roll No.	Number of tenders received	Highest tender amount / Cancelled / No tenders received
21-01	49 59 010 001 54700 0000	2	$42,010.00
21-04	49 59 020 002 00300 0000	2	$85,900.00
21-10	49 59 030 003 00200 0000	1	$30,505.00
21-11	49 59 030 003 01100 0000	8	$101,005.00