{"id":6818,"date":"2022-06-22T14:24:00","date_gmt":"2022-06-22T18:24:00","guid":{"rendered":"https:\/\/financierevictoria.ctx-dev.fr\/?p=6818"},"modified":"2022-03-30T14:28:33","modified_gmt":"2022-03-30T18:28:33","slug":"unpaid-municipal-taxes","status":"publish","type":"post","link":"https:\/\/financierevictoria.ctx-dev.fr\/en\/unpaid-municipal-taxes\/","title":{"rendered":"Unpaid municipal taxes"},"content":{"rendered":"\t\t
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Unpaid municipal taxes: Their consequences and how to keep your property<\/h1>

Is your municipal tax bill overdue? That\u2019s definitely not an ideal situation, but rest assured that there are solutions available to you.<\/h4>

We all know the old adage, “In this world, nothing is certain except death and taxes.\u201d And for homeowners, that includes the municipal property tax. A missed payment can happen to anyone, especially in these economically turbulent times when inflation squeezes every aspect of our budgets. But while skipping a cellphone payment won\u2019t have too many adverse consequences, paying a municipal tax bill late is a whole other matter.<\/p>

Fortunately, there are solutions available if you are going through a financially precarious period and facing unexpected events.\u00a0<\/p>

Each municipality manages this type of situation differently, but let\u2019s take Montr\u00e9al as an example and look at the outcomes of failing to pay a municipal tax bill.<\/p>

Contesting municipal taxes that are too high: Action to consider cautiously\u00a0<\/em><\/h3>

It is possible to request a reduction of your municipal tax payments, however, you should know success isn\u2019t guaranteed. The request must be made during a specific time window and your home must be evaluated by a certified appraiser, which isn\u2019t free. An article in the Journal de Montr\u00e9al<\/em><\/a> (French only) reports that only about half of such requests are accepted.<\/p>

Even in successful cases, the reduction obtained may not be substantial enough to meet your needs.\u00a0<\/p>

Unpaid municipal taxes: Year 1<\/h3>

No reason to panic. Remember that municipal property tax is the greatest source of revenue for municipalities. So, they have no interest in taking overly drastic legal measures at this stage.<\/p>

If your tax bill for the current year is in arrears (either partially or in full), you\u2019ll get two account statements, which will naturally include penalties and interest fees.\u00a0<\/p>

It\u2019s not the end of the world, but it\u2019s better to act now. If your financial problems are ongoing and you don\u2019t have enough liquid funds to pay the city what you owe, then getting financing is critical so you stop hemorrhaging money.<\/p>

Getting a loan to pay your municipal tax bill<\/h3>

You can contact your bank or credit union to get a loan, but it might be easier and more advantageous to use a private lender. Private lenders don\u2019t have the same constraints as conventional financial institutions, so they can offer financing with terms that are better suited to your situation.<\/p>

At Financi\u00e8re Victoria, our personalized service lets you get financing that sees beyond a financially tight period. Here are the main criteria to qualify:\u00a0<\/p>