Financials & Taxation

Financials & Taxation

Town of Petawawa financial reports and documents are available here for viewing and download.

In accordance with Section 295(1) of the Municipal Act, 2001, audited Financial Statements for the Town of Petawawa are available to view.  Copies are available below under “Reports” or at the Town Office free of charge.  For further information, please contact the Treasurer.

Property Tax Bills

The Town issues an interim tax bill for all property tax classes with one installment due at the end of March.  The interim tax bill is calculated at 50% of the previous year’s total taxes levied (special charges such as garbage, water and sewer are not included).

The Town issues a final tax bill for the residential, farmland and managed forest tax classes with two installments – one due at the end of July and one due at the end of October.  Final tax bills for commercial, industrial and multi-residential tax classes are also issued with two installments – one due at the end of August and one due at the end of November.  The final tax bill includes any special charges such as garbage, water and/or sewer.

Property Tax Payment Options

The Town of Petawawa offers several payment options to remit property taxes including: 

  • Internet & Telephone Banking – This payment option is available with most major banks. Use your 19 digit roll number as your account number and search “Petawawa” to locate account name e.g. “Petawawa, Town of – Tax Acct.”
  • By Mail – Send your payment to the Town of Petawawa, 1111 Victoria Street, Petawawa ON  K8H 2E6. Include either the stub from your tax bill or a note with payment information.
  • At a Bank or Financial Institution – Contact your financial institution for further information. Bank service charges may apply.
  • In Person – The Town Office is located at 1111 Victoria Street, Petawawa and is open from 8:30 a.m. to 4:30 p.m., Monday to Friday except statutory holidays.  We accept payment by cash, cheque (made payable to the Town of Petawawa) or Interac.
  • Night Deposit Box – A night deposit box is located at the Council Chamber entrance of the Town Office.  Please ensure that your cheque and payment information are placed in a sealed envelope.  Please do not place cash in this box.
  • Post-Dated Cheques – Post-dated cheques can be dropped off at the Town Office in person, mailed or deposited in the night deposit box.

Late Payment Penalty and Application of Payments

A late payment penalty of 1.25% per month is added to any outstanding amount on the 1st day of each month until paid. Payments made on your account are applied first to any outstanding interest and penalty and then to the oldest outstanding taxes.

Please ensure that the Town has your current mailing address on file. Failure to receive a tax bill does not relieve you from the responsibility of payment of taxes or penalty. A Change of Address form can be downloaded below.

Home Values

Keep Your Mailing Address Up to Date

Please ensure we have your current mailing address on file. If you’ve moved, click the Change of Address icon to update your information.  Completed forms can be emailed or dropped off to Town Hall.  To email, see link button below. 

Note: Not receiving a tax bill does not exempt you from the responsibility of payment or any penalties.

Property Assessment

The Municipal Property Assessment Corporation (MPAC) is responsible for the calculation of assessed values and classification of each of the over four million properties in Ontario. This data is used by municipalities and the province to calculate property and education taxes.

To find out more visit the Municipal Property Assessment Corporation website. 

Please note that as part of Ontario’s Action Plan: Responding to COVID-19, the Ontario Government’s March 2021 budget was the announcement that the Province would again postpone a province-wide property assessment update.  All property assessments for the 2022 and 2023 taxation years will remain at the value they were assessed at for the 2020 and 2021 taxation years unless there has been changes made to the property such as new construction.

Visit the MPAC website for further information on this matter. 

Property Tax Rebates for Vacant Commercial and Industrial Buildings

Changes to the Vacancy Tax Rebate and Reduction Programs for Commercial and Industrial Properties

As of January 1, 2017, the Province of Ontario provided municipalities with the ability to tailor their vacant rebate and reduction programs to reflect community needs and to encourage the use of vacant properties in support of economic growth and sustainable communities.

The vacant unit rebate and subclass reduction programs have provided tax rebates or reductions to property owners who had eligible vacancies in commercial and industrial buildings or land.  Eligible properties have received a rebate or reduction of 30 percent for vacant commercial space or land or 35 percent for vacant industrial space or land.

In 2017, a recommendation was made to County Council to eliminate these programs at the end of the 2018 year.  Some of the considerations for this recommendation included that it was a business benefit being subsidized by all property classes in Renfrew County, it was a benefit not available to other types of property (e.g. multi-residential) and the Municipal Property Assessment Corporation (MPAC) already does factor a vacancy allowance/reduced income within the initial assessment.

In December 2018, these changes were approved as per Ontario Regulation 490/18 (vacant and excess land subclasses) and Ontario Regulation 491/18 (vacant unit rebate) and effective January 1, 2019 the vacancy tax rebate and reduction programs for commercial and industrial properties were eliminated.

Vacant Commercial Property