Financial Services Update

Posted On Friday March 27, 2020

CENTRE WELLINGTON – We know many residents and businesses are experiencing financial strain because of COVID-19.  The Township is committed to taking action to help ease this burden. Earlier this week, Wellington County and all seven member municipalities announced that, as an initial step, all penalties and interest on both tax and water/sewer payments on 2020 amounts would be waived for 60 days from the due date.

“During these times of uncertainty, we want to do our part to help ease the financial burden on our families and businesses” said Mayor Kelly Linton.  “This is our first step to help our community address this challenging situation.”

What this means for Centre Wellington tax payers:

  • The Township will waive all penalties and interest on 2020 tax levies and water/sewer payments for 60 days. 
  • Residential property owners with an instalment due date of April 30th will now have until June 30, 2020 to make a payment without incurring penalty and interest charges.  Non-residential and multi-residential property owners with an instalment due date of March 31st will have until May 31st to make a payment without incurring penalty and interest charges.  
  • The Township is encouraging business/property owners currently on Pre-Authorized Payment (PAP) to continue PAP plans.  If paying the full installment is difficult at this time, we encourage property owners to reduce their PAP withdrawal amount to half for May and June.  It is important that property owners recognize this a deferral of taxes and not a reduction of property taxes.  Anyone interested in reducing their PAP amounts are asked to contact the Township office at 519-846-9691 ext. 902.
  • Postponing Planned Property Tax Reassessment - The government is postponing the planned property tax reassessment for 2021.  Postponing the reassessment will also provide stability for Ontario’s property taxpayers and municipalities.  This means that 2021 tax levies will be based on 2020 assessment values.

Changes announced by Municipal Property Assessment Corporation (MPAC)

Property taxation is based on the assessed value of properties. In Ontario these assessments are updated every four years. The next property valuation update, known as a reassessment, had been scheduled to be completed by the MPAC in 2020 for the 2021 taxation year. Therefore, MPAC would have issued new assessments for more than five million properties beginning this spring.  However the government is postponing the reassessment.

This is a rapidly evolving situation; discussions and decisions are ongoing. Any changes in operations will be communicated and posted to the Townships website at www.centrewellington.ca/emergencyplanning and on our social media platforms, www.facebook.com/CentreWellington and Twitter www.twitter.com/CentrWellington.

 

Kendra Martin  | Communications Coordinator

Township of Centre Wellington | 1 MacDonald Square, Elora, ON  N0B 1S0

519.846.9691  x220  centrewellington.ca
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