Property Assessment is the process of establishing a dollar value for property tax purposes.The Municipal Assessment Agency completes property assessments for the Town of Paradise. The Agency is a provincial crown agency that is arm's-length from all municipalities, including the Town of Paradise. All municipalities in the province, with the exception of the City of St. John's, use the services of the Municipal Assessment Agency. The Town is not involved in any way with the property assessment process.
Provincial law requires a new valuation of property every three years. The current assessments are based on the market value of a property as of January 1, 2014 and have been calculated based a property's physical characteristics and property sales in the area.
Due Date - Taxes are due, in full, by February 28, 2017. Tax balances owing after February 28, 2017 will be charged interest for the full month of February.
Payment Methods - Taxes can be paid through: preauthorized debit, eservices, post-dated cheques, online banking, mortgagor (through your mortgage), cheque, debit or cash. Payments are not accepted through credit cards.
Preauhtorized Debit - Taxes paid through preauthorized debit are charged through 10 monthly equal payments, which begin March 15, 2017 and end December 15, 2017. A void cheque and a one-time authorization form are required. No interest will be charged. If you had preauthorized debit in 2016 the debit amount will be adjusted for 2017, unless you cancel, which must be done in writing.
Post-dated Cheques - Using post-dated cheques enables equal payments to cover the entire balance of the account. The first cheque must be dated on or before February 28, 2017 and all cheques must be received in the office on or before February 28, 2017. No interest will be charged if the cheques to cover the full amount equally distributed throughout the year are received by the Town by February 28,2017. If you have more than one property, please issue a separate set of cheques for each property.
Online Banking - Payments are accepted through online banking by adding the Town of Paradise as a payee on the bank website and quoting the account number which is found on the front of the municipal tax bill (Ex: ABCDE001). Please note this is not an interest free form of payment.
Mortgagor Payment - If you have set-up to have your property taxed paid as part of your mortgage through a financial institution, the top left corner of your bill should read "Copy Sent to Mortgagor".
SENIORS DISCOUNT - Seniors, 60 years of age or older, who OWN and RESIDE at the property, are eligible for a 10 percent discount on the property tax portion only if taxes are paid according to Town's payment terms. If you had a seniors discount in 2016, this discount will be automatically reflected in your 2017 invoice.