- Notify the Municipality: Contact the municipal property tax department where the property is located as soon as possible after the ownership change. You can usually find their contact information on the municipality’s website or in your local phone directory.
- Provide Documentation: You will need to provide documentation that confirms the change in ownership. This typically includes a copy of the deed or land transfer document, which shows the new owner’s name. You may also need to provide identification, such as a driver’s license or passport.
- Complete Necessary Forms: The municipality may require you to fill out specific forms related to the change in ownership. These forms are typically available on the municipality’s website or at their office.
- Update Contact Information: Ensure that the municipality has your current contact information, including your mailing address and phone number. This is important to receive any correspondence related to property taxes.
- Verify Tax Payments: Check with the municipality to confirm that property taxes are up to date and that any outstanding balances are settled. The new owner should be aware of their tax responsibilities.
- Request a New Property Tax Bill: Once the municipality has processed the ownership change, request a new property tax bill in the name of the new owner.
- Consider Legal Advice: If the ownership change is part of a larger legal transaction, such as a sale or inheritance, you may want to consult with a real estate lawyer to ensure all legal requirements are met.
Remember that property tax processes can vary slightly from one municipality to another in Ontario, so it’s a good idea to check with your specific municipal tax department for their exact procedures and requirements. Timely notification of ownership changes helps ensure accurate property tax billing and compliance with local tax regulations.