Discover the convenience of the City of Welland’s pre-authorized payment plan. This voluntary plan offers you an easy, timesaving way to have your tax payments automatically deducted from your bank account. It means eliminating the chore of ensuring your payment reaches City Hall by the due date. There are no service charges or fees for enrolling in the plan. All that is required is completing and submitting the Tax pre-authorized payment form, along with a VOID cheque or pre-authorized debit form from your financial institution.
How does the plan work?
Payments are deducted on the last business banking day of each month or on the installment due date, depending on the option you choose. All accounts are eligible, provided they are up to date at your desired start date. The application form must be received by the 15th day of the month you want the plan to start.
- Option 1 for taxes: The installment amount due will be deducted on the installment due dates as set out on the tax bill.
- Option 2 for taxes: This option allows ratepayers to pay their taxes in 11 monthly installments. The first five months (January to May) will be an estimated amount based on the previous year’s tax levy, plus an estimated percentage increase for the current year. Once the current year’s tax rates are established, the last six payments (June to November) 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 business day of each month beginning in January and ending in November.
What if my banking information changes, or I want to cancel the pre-authorized payment plan?
The plan is entirely flexible. If your banking information changes, or you want to cancel your pre-authorized payment plan, you must notify the finance department, in writing, at least 15 days before the effective date.
If my mortgage company pays the property taxes, can I switch to the pre-authorized payment plan?
If your taxes are currently being paid by a mortgage company and you wish to start on the pre-authorized payment plan, you will need to contact a service representative at your financial institution and request that written notification from the mortgage company be forwarded to the City of Welland finance division confirming this request. Any applications received for accounts currently being paid by a mortgage company will be returned to the applicant and can be resubmitted once the mortgage company has advised the finance division that they will no longer be responsible for the taxes.
Questions?
For further information on the pre-authorized payment plan, please contact the finance division.