Please note that the numbers are for illustrative purpose only and this example is not reflective

of all accounts. The example below features an

account that did not receive a PTP credit. For an example of an account with a PTP credit and the impact see the next page.

January through June TIPP contributions $227 [estimated] x 6 = $1362

July through December TIPP = $2598 [2019 tax levy] - $1362 [Jan-Jun contributions] / 6 months = $206

2019
Scenario Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Example: TIPP
payment is
recalculated for July 227 227 227 227 227 227 206 206 206 206 206 206 $ 2,598
to reflect full year tax
levy billed in May

2020
Scenario Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total

Jul - Dec Jul - Dec Jul - Dec Jul - Dec Jul - Dec Jul - Dec
Example: January to payments payments payments payments payments payments
June TIPP payments will be will be will be will be will be will be
are adjusted to recalculated recalculated recalculated recalculated recalculated recalculated
217 217 217 217 217 217 TBD
reflect total taxes for when annual when annual when annual when annual when annual when annual
prior year (i.e., levy for 2020 levy for 2020 levy for 2020 levy for 2020 levy for 2020 levy for 2020
$2,598/12 = 217) is known in is known in is known in is known in is known in is known in
May May May May May May
As referenced in the answer to question four, below is an illustrative example of a non-residential owner with an assessed value of $5 million and
municipal taxes of $88,875 who received a PTP credit of $16,214. The total tax bill and fluctuation will be higher with the provincial tax portion added.