Property Taxes

Property taxes are billed twice each year. The Interim bill is mailed the last week in January and the Final bill is mailed the first week in July of each year. Payments are due on the instalment due dates and payment options are available.

The Municipality will waive all late payment penalties for any invoices due during the COVID-19 municipal office closure timeline. Cash payments will not be accepted. All other regular payment options remain available at this time.

Calculation of Property Taxes

 Property tax payable on land and/or other buildings is based on three factors:
  • The phased in Current Value Assessment (CVA) of your property provided by the Municipal Property Assessment Corporation (MPAC)
  • The tax class of your property
  • The tax rate for the Municipal, Education and County portion of the applicable tax class

Property taxes are calculated by multiplying the CVA by the combined tax rates for the applicable class of property.

Due Dates

There are four tax installment due dates:
  • February 28
  • May 31
  • August 31
  • October 31

Payments must be received by the Township of Cavan Monaghan on or before the due date to avoid penalty and interest charges at 1.25% monthly, applied on the first day of each month of default. Failure to receive your tax bill does not remove your responsibility for payment on or before the due date, nor will late payment charges be removed from the account. As per the Township's collection policy "any notice sent by ordinary mail is considered delivered to and received by the addressee unless the notice is returned by the Post Office or an error in the mailing address is proven."

Please note: When a due date falls on a weekend, the following business day is given as a grace day.