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Purchasing in a New Subdivision in Municipality of Strathroy-Caradoc

Posted on April 4, 2018

 
Part 30, in our series of Purchasing in a New Subdivision in Municipality of Strathroy-Caradoc
 
What are supplementary and/or omitted tax bills and when are they issued?
 
Owners of newly constructed homes may initially be assessed and taxed for the value of land only. Owners are responsible for all taxes (land and building) upon possession of the property although it can take up to two years to have your home assessed for tax purposes. Municipal Property Assessment Corporation (MPAC) will issue a supplementary assessment notice, and in turn, the Municipality will issue your tax bill, which is retroactive to the possession date. For more information, please call the Municipality’s Tax Department 519-245-1105 ext. 227.

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