Burlington council approves 2020 Tax Levy Bylaw
Published May 26, 2020 at 4:03 pm
Burlington City Council approved the 2020 Tax Levy Bylaw at its meeting on Monday (May 25).
Burlington City Council approved the 2020 Tax Levy Bylaw at its meeting on Monday (May 25).
The bylaw allows the city to bill 2020 property taxes and set payment due dates for final tax bills on Aug. 20 and Oct. 20, 2020.
Final tax bills will be mailed in early July.
The 2020 Tax Levy Bylaw reflects the budget processes of both the City of Burlington and Halton Region.
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The overall property tax increase is 2.43 per cent or $18.03 for each $100,000 of urban residential assessment. Tax impacts will vary by property based on actual changes in the assessed value of the property relative to others.
City of Burlington 2019 and 2020 Urban Residential Property Taxes per $100,000 Current Value Assessment (CVA)
In response to the COVID-19 pandemic, Burlington council approved temporary property tax relief, which allows businesses and residents additional time to pay their April property tax installment, up until June 30, without incurring late payment charges.
For that reason, final billing installment dates have been moved to August and October to provide additional time for the two remaining property tax installments.
For property taxpayers impacted by COVID-19 who require additional assistance for the repayment of the April 21 installment beyond June 30, the city is offering enrollment in a monthly pre-authorized payment plan. The plan will provide for monthly withdrawals from Aug. 1 to Dec. 1 to pay the remaining 2020 property taxes (April, August, and October installments). No penalty or interest is charged for taxpayers enrolled in that plan.
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