Tax Installment Payment Plan (TIPPS)
This optional plan allows property owners to pay taxes by automatic monthly debit from their bank account. There are no administration fees for TIPP subscribers. Enrollment can be done any time of the year.
To Participate In The TIPP Program:
- Download & complete the TIPP Application Form
- Please save this form on your device, then email it along with a void cheque (.jpeg, .png, or .PDF can be accepted) to tipp@chestermere.ca. If you cannot email your form and void cheque, you can mail them to the address below or drop them off via the secure drop box located at the front doors of City Hall: 105 Marina Road, Chestermere, AB T1X 1V7.There is no application cost to sign up. For the first year, your total tax amount will be split over the remaining months of the year (rather than paying a lump sum to catch up to the current month). The following January, you will have your payments split over 12 months.
- The first payment will be withdrawn from your account on the 15th of the following month.
- Payments will continue to be withdrawn unless you submit a TIPP Termination Form found at the bottom of this page
- Payments will be automatically adjusted each year (in July and January) to account for any changes in the tax rate. See the ‘Calculations’ tab to learn more.
Note:Â If your home was a new build and was completed in the current calendar year, please call the Tax Department at (403) 207-7057 prior to signing up for TIPPs.
Changing Your Banking Information
If you need to change the banking info for TIPPs, complete the TIPP Change of Banking Information Form.
Please save this form on your device, then email it along with a void cheque (.jpeg, .png, or .PDF can be accepted) to tipp@chestermere.ca. If you cannot email your form and void cheque, you can mail them to the address below or drop them off via the secure drop box located at the front doors of City Hall: 105 Marina Road, Chestermere, AB T1X 1V7.
Cancelling TIPPS
Payments will continue to be withdrawn unless you submit a TIPP Termination Form (found at the bottom of this page). Please email, fax or drop off this form at City Hall (105 Marina Road).
Typical Adjustments
Monthly TIPP payments are adjusted 2 times a year: every January and July.
January to June TIPP payments are a pre-payment for the current year taxes, based on the prior year’s tax amount and calculated by the Total previous year’s tax amount divided by 12 = January to June Monthly Withdrawal. The January adjustment is NOT a tax rate increase.
July to December TIPP payments pay off the remaining current year taxes and are calculated by taking the Current year taxes less January to June’s pre-payments then divided by 6 = July to December Monthly Withdrawal
The monthly payment is calculated by dividing your annual property tax by 12. You will still receive a tax notice in June that shows your current taxes but it will also show a credit amount that is equal to the payments made to date.
Annual Tax Levy = January to June payments + July to December payments.
Notes About The TIPP Program
- The Provincial Government has a property tax assistance program for seniors. Visit their website or call 1 (877) 644-9992 to learn more.
- Some properties are exempt from taxes (including some non-profits and community groups). Find out more here.Â
- When application occurs during August to December and penalties have been applied, they will be held in abeyance for 12 subsequent successful monthly payments. Once the 12 months are complete the penalties applied will be waived. \
- The monthly payment amount will be automatically adjusted annually on July 15th and January 15th. New amounts are shown on the annual tax notice mailed in June.
- Defaulted payments will have a fee applied and a letter will be mailed out.
- In the event that two consecutive payments are defaulted, this agreement will become null and void.
- New amounts are shown on the annual tax notice mailed in June.