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Monday February 3rd, 2014

Posted at 10:00am

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The City of Windsor 2014 Interim property tax bills have been mailed, and as with prior years, the interim bill is for exactly 50% of the 2013 taxes paid.

The City says that most property owners will see a line item in their tax bill titled “2014 Interim Tax Cap Adjustment.” They explain that this is meant to adjust the interim taxes to the noted 50% of the 2013 total tax paid. Any changes resulting from an updated assessment valuation as provided by the Municipal Property Assessment Corporation (MPAC) or from the Final 2014 Tax Rates (expected to be approved in late April) will be reflected in the Final Tax Bill that will be mailed out in June. Overall, the total municipal property tax levy remains unchanged from the 2013 level.

The city also reminds you that if you do not receive a tax bill, it does not exempt property owners from paying their taxes. Penalties and interest, which can be up to 15% of the taxes on an annual basis will be added for late payment.

Property owners who are having trouble keeping up with their property tax payments are encouraged to seek lower cost financing alternatives which are available through local financial institutions.

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