What is property tax?Property tax is a levy based on the assessed value of property.
If you own a property you have to pay it. In other countries it is called different things. To cut a long and boring/annoying story short, we finally got the bill (s) this week, and so they now have to be paid, by January 29th. The bills are only up to the end of 2015, not sure what is happening yet for 2016, when I go into the Township office this morning I will no doubt find out what's going on. There is a lot more to this story about why it has taken so long to get the bill and why it has to be paid by the end of the month, but various government departments at Federal, Provincial and local levels will all come out looking bad if I go into detail. Suffice to say, there are a number of people who are incompetent and should not be in the jobs that they are in! But trying to get anyone to take ownership of their mistakes is like trying to get blood out of stone.
Our bill is well over $5,000 which is actually less than I thought, as we were not assessed as high as I thought we would have been. It's still a lot of money, but I was prepared for this. The day we moved in I put away money each week specifically for the property taxes, as I knew sooner or later we would get a bill. Mind you even I didn't imagine it would take this long. Some people had been in their homes 2 + years without a bill, so their tax bill would have been a lot higher. I only hope everyone had enough common sense to put money away like I did?