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Interim taxes equal 50 per cent of your previous year's taxes adjusted for any supplementary taxes or cancellations done for a portion of the year as if the additional taxes or cancellation had applied for the entire account.  For accounts that did not exist in the previous year, interim taxes will approximate 50 per cent of a full year's taxes.

Your final tax bill is based on your property's assessment value and will reflect any changes in municipal taxes and the education portion of your taxes.  Final residential tax bills are issued in June for payment in July, August, and September. Final tax bills for commercial, industrial and multi-residential properties are issued in June, with a single payment due date in August.