Monday, March 16, 2015

NO, THE TAX MAN HAS NOT FORGOTTEN US


He’s just biding his time till he can hit us with a whopper of a municipal tax bill.

A call to the City of Ottawa’s tax people yielded the following information:

·          no, condo owners at 60-100 Prestige have not been sent the interim tax bills almost everyone else has received;

·      * in fact, we probably won’t get our 2015 bill this year at all;

·      * we will only be billed once we are assessed by MPAC, something that likely won’t happen until some time in 2016;

·       * then we’ll have a doozy of a bill (though that wasn’t the official word used). It will cover the part of 2014 we owned our condos, all of 2015, and 2016.

If you’re interested, the City of Ottawa has information on how to get a rough estimate of what you might owe. Go to ottawa.ca and then “Property taxes.” Under “General tax information,” there’s a “Property tax estimator.” It requires an MPAC assessment amount, which we don’t have. But you can enter purchase price to get an approximate idea.

In any case, the message is clear. Hang on to the money you’ve put aside for your property taxes, because they will be coming for it.

Just not any time soon.



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