TIPP - How does TIPP work?
TIPP is The City’s most popular property tax payment method. With TIPP you pay the same amount as your annual property tax bill. But instead of paying one large lump sum payment in June, smaller monthly payments automatically come out of your bank the first day of every month. Smaller monthly payments help you save time and money by making your budgeting easier and removing the risk of late payment penalties.
Each year property tax is billed in May, due at the end of June and covered the period from January 1 to December 31. If you pay through TIPP, you don't need to worry about the payment deadline or late payment penalties. Your property tax is spread over 12 months, starting January 1, with your account being paid in full after your December 1 instalment.
Visit the TIPP recalculation page for a video and more information on how monthly instalments are calculated
Many frequently asked questions regarding TIPP are covered below.