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Introduction Done at the end of the year after the final billing, this wizard steps you through calculation of Pre-Authorized Payment Plan payments. Rolls signed up for the Monthly PAPP need their taxes recalculated each year. This is done at the beginning of the year, and the percent increase is estimated at then. While Arrears PAPP have payments removed monthly, they are a special case and are not recalculated each month. Note: Currently, you must have Microsoft Word installed on a system that can access the data created by this wizard.
This rate is determined at the discretion of the Treasurer and Council. If there is a Bylaw on
the books freezing the tax rates, this percentage would have to be zero. If the actual taxes do not increase as much as was used for this estimate, then the taxpayers' last payment would go
down. Conversely, if this estimate is too low, then their last payment will be larger than the other monthly payments.
This step prints a
register which simply indicates what the levied amount was, and what the new
payment will be. The system settings for number of months is used in the payment calculation.
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[Preparation] [Request] [Recalculation] |
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