DETAILS OF TAX DEFERRAL
1. The applicant must own and occupy the property as their principle residence.
2. The applicant must have owned a residential property within the Regional Municipality of Niagara for a period of one or more years preceding the application.
3. The applicant must be in receipt of benefits from one of the programs identified on the application. Proof of receipt of benefits from the program must be submitted with the application.
4. The accumulated amount of deferral cannot exceed50%of the current assessed value of the property.
5. Tax deferral applies to current taxes only and not tax arrears or outstanding taxes.
6. To maintain eligibility the property taxes must be current.
7. A tax reduction from a successful assessment appeal may alter the amount of the tax deferral.
8. In the event a tax deferral is granted, no interest charges will be added to the amount deferred.
9. Repayment of the deferral amount will be due and payable to the Area Municipality on:
- transference of title of the property
- disposition of property
- applicant ceases to be eligible for deferral of taxes
10. In order to for continued eligibility for the Tax Deferral Program an application must be submitted to the Area Municipality each taxation year.
11. Application must be addressed to the Municipal Treasurer and submitted to the Area Municipality in which the property is located. Addresses provided below.
12. Deadline for submitting an application is February 28th of the following year that the tax relief is being requested.
Area Municipal Addresses