Pre-Authorized Payment Plans
Discover the convenience of the Town of Midland's Pre-authorized Payment
Plan. This voluntary plan offers you an easy, timesaving way to have tax
payments automatically deducted from your bank account.
There are no service charges or fees for enrolling in the plan. All that's
required is completing and submitting the Authorization Agreement for the plan,
along with a void cheque.
Preauthorized Payment Form for Taxes
How does the plan work?
For those who choose this option, it is done in 10 installments, January to October. The first five payments will be an estimated equal monthly amount based on last year's taxes. Once your final bill amount is known, the last five payments are adjusted to reflect the current year's taxes, minus the amount already paid during the first five months. Payments are deducted on the last working day of each month and shown in your bank's statement records.
These payments will be deducted on the last working day of the month in which your regular installment is due - February, April, July and September. The amount that is owing on the installment due date will be the amount deducted from your bank account.
What if my banking information changes or I want to stop making pre-authorized payments?
The plan is entirely flexible, if your bank account information changes, or you want to cancel, simply notify the Tax Office of the change. Please provide sufficient notice before the next payment date.
If any payment does not clear your bank account, an administration fee will be imposed and a penalty of 1.25% will be added to your account on the first day of the following and each subsequent month there is an outstanding balance. If payment is not received before the next installment is due, your account will be removed from the Pre-authorized Tax Payment Program.
If my mortgage company is paying the property taxes, may I switch to the Pre-Authorized Payment Plan?
If a mortgage company is currently paying your taxes, you'll need to talk to your service representative if you want to start paying your property taxes directly using the Pre-Authorized Payment Plan.