New Construction-Supplementary Tax Bill
Owners of newly constructed residential or commercial buildings will receive a supplementary tax bill after The Municipal Property Assessment Corporation (MPAC) has provided the City with a revised assessment. The supplementary and or omitted tax bill is in addition to what may have been previously billed on the property.
Supplementary tax billings can occur anytime during the year and could represent up to three years of taxes (current plus the previous two years) that could be billed all within the same year. These taxes will be payable in two installments only, for this reason you are strongly encouraged to budget accordingly to make allowance for any supplementary tax billings as a result of new construction.