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.
How does the plan work?
For those who choose this option, it is done in 10 installments, 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.
10 Payments: Payments are deducted on the last working day of each month and shown in your bank's statement records.
4 Payments: These payments will be deducted on the last working day of the month in which your regular installment is due. The amount that is owing by 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, in writing. Please provide sufficient notice before the next payment date.
A $20.00 service charge will be charged if the bank returns funds. If two installments fail to be honored in the taxation year, removal from the plan may result. The unpaid balance of taxes shall be subject to penalties if overdue.
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. The Town of Midland will require written confirmation from the mortgage company that it is in agreement with this change.
Questions?
For further information on the Pre-authorized Payment program, please contact the Tax Office at (705) 526-4275 or treasury@town.midland.on.ca
Click here for the Preauthorized Payment Form
