Property Taxes & Financial Information

PROPERTY TAXES & FINANCIAL INFORMATION

Hard Copies of all Public Documents are available from the Municipal Office. To receive copies of a document please print off and complete the Town of Petrolia Request for Information form. Completed forms should then be submitted to the Municipal Office.

Water and Sewer

Municipal Performance Measurement Plan & Financial Information Returns

Financial Statements

Budget

Council Approved Budget 2024

Municipal Rates

2024 Municipal Fee Schedule
(all schedules included)

2024 Municipal Fee Schedule by Department

Property Tax Rates

Taxes

The Town of Petrolia issues tax notices to all property owners, these notices are based on the current tax rate for the property class. The tax rate includes the Town of Petrolia portion along with the County of Lambton & Board of Education portion. The tax notices are issued twice per year in February & August; each notice has two installment due dates.

Tax payments are due the last business day of the month in February, May, August & October. The first two (interim) installments are estimated taxes based on 50% of last years total taxes and the remaining two (final) installments reflect the current year assessment and approved budget.

Please see the Automatic-Withdrawal-Tax-Payment-Registration for more details about paying your taxes.

MPAC Property Assessment

Individual Property Taxes are based on the assessed value of your property. This value is determined by the Municipal Property Assessment Corporation or more commonly referred to as MPAC. These values are determined by factoring in property values, recent property sales etc. to establish a “Market Value” of your property. Property owners will receive a notice from MPAC as to what the assessed value of a property is, if you disagree with the property assessment the notice contains information on how to question the value or appeal the assessment.

For more information about how MPAC assesses your property please visit: https://www.mpac.ca/HowAssessmentWorks.

How does my Property Assessment Impact my Taxes? Watch the video!

How to Change Your School Support

School Support Designation

Property owners in Ontario are required to support a school board, even if they do not have children or their children are not currently attending school. In the case of a residential property occupied by tenants, the tenants can direct the school support for that property. By default, school support is directed to your municipality’s English Public School Board. The Municipal Property Assessment Corporation (MPAC) is legislatively required to collect school support information and provide it in the assessment roll to every municipality and school board. By ensuring that you are supporting the school board of your choosing, you will be able to vote in the next municipal and school board election for trustees in that school board. Property owners, occupants, and tenants can update their school support designation online at mpac.ca/schoolsupport.