Understanding your Property Tax Bill

About your Tax Bill

A – Property identification 

This section contains identification information such as municipal tax roll number, mailing address and a legal description of your property.

B - Tax class

This section lists the classification(s) of your property (i.e., residential, farm, commercial ) and educational support. The tax class codes are explained at the top right of the page. If you have questions about education support, please call the Municipal Property Assessment Corporation at 1-866-296-6722.

C - Value

This section provides the Current Value Assessment (CVA) of your property, as assessed by the Municipal Property Assessment Corporation (MPAC). Additional information is available on the MPAC website or by calling 1-866-296-6722.

D - Municipal tax

This section provides a detailed breakdown of your property taxes as set by the Township of Cavan Monaghan Council. To determine the amount of tax you pay for each service, multiply the tax rate for that service by the assessed “value” for your property.  Additional information about taxation is available on the website: 

• Municipal Tax Rates
• Budget and/or
• Cavan Monaghan Council Agendas and Minutes.

E - County tax

This section provides a detailed breakdown of your property taxes as set by Peterborough County Council. To determine the amount of tax you pay for each service, multiply the tax rate for that service by the assessed “value” for your property. Additional information is available on the Peterborough County website.  

F - Education tax
The education tax is set by the provincial government. To determine the amount of education tax you pay, multiply the education tax rate by the assessed “value” of your property.

G - Special charges and credits
This section lists charges that are specific to your property. Special charges cover a range of services including local improvements and special levies.

H - Summary
This section lists the subtotals of your tax levies (municipal, county and education), interim tax notices and any credits or special charges.

I - Schedule 2
Schedule 2 pertains to Residential, Farm, Managed Forest or Pipeline property classes. It shows the year over year change in taxes levied, from 2022 to 2023, comprised strictly of the actual taxes, excluding any special charges or credits. It is further broken down by the municipal levy change, education levy change and by any tax change due to reassessments.

J - Schedule 3
Schedule 3 pertains to Commercial, Industrial and Multi-Residential property classes. It shows the 2023 tax levied amount and the 2023 adjusted tax levied amount due to the provincial capping program. It further breaks down the difference in the tax cap amount, municipal levy change and the education levy change.

K - Payment stubs
You will need to submit payment stubs along with your payment, when you pay by mail, in person or at any Canadian financial institution. If you pay through a pre-authorized plan, you do not need to submit either of the stubs. Additional information is available on the website.