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Municipality of Markstay-Warren > Municipal Services > Finance Services > Property Tax
Finance Services
* Asset Management
* Land Sales by Public Tender
* Property Tax
* Water and Sewer
# Property Tax
## **Understanding Your Municipal Tax Bill**
Municipal taxes are issued **twice per year**, and **each billing includes two installments**, giving residents four payment dates annually.
Property taxes in the Municipality of Markstay-Warren are calculated using **MPAC property assessments**, which determine the assessed value of each property.
Each year, Council approves a **Budget By-Law**, which sets the municipal tax rates for that year. These rates are then applied to MPAC assessments to determine the municipal portion of your property taxes.
Visit MPAC website for more details: MPAC Property Assessment
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## **Billing**
**Billing Cycle:** Four (4) installments per year.
**Interim Billing:** Issued in **February** and **March** (dates may vary slightly). **Interim Amount:** Calculated at **50% of the previous year's annualized taxes** for your property.
**Final Billing:** Issued in **July** and **August** (dates may vary slightly). **Final Amount:** Reflects any **increase or decrease in your property assessment** for the current taxation year, as well as the approved municipal tax rates.
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## **Method of Payment**
Residents can pay their taxes using any of the following methods:
* **Pre-Authorized Payment Plan (PAP)** Payments are withdrawn automatically on the **10th** or the **20th** of each month. To enroll, complete the **Pre-Authorized Payment Plan Form**.
* **Cash** Accepted in person at the municipal office.
* **Cheque** Payable to the Municipality of Markstay-Warren. Can be dropped off in person or placed in the after-hours drop box.
* **Debit** Available at the municipal office.
* **Online Banking** Add the Municipality of Markstay-Warren as a payee through your financial institution.
* **TelPay** Payments can be made through the TelPay system.
If you have any questions about your tax bill or payment options, please contact our office.
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## **Tax Calculation**
Property taxes are calculated using two components:
* **Municipal Residential Tax Rate**
* **Education Tax Rate**
The **municipal residential rate** is the *only* portion that municipalities control. However, it is applied to **MPAC property assessments**, which municipalities **do not** control.
For the example shown below, the **municipal** and **education** tax rates have been combined to show the total amount used in the calculation.
TotalPropertyTaxes=(ResidentialTaxRate+EducationTaxRate)×MPACAssessedValueTotal
Property
Taxes
=
(Residential Tax Rate + Education Tax Rate)
×
MPAC Assessed Value
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## 2026 Property Tax Rates
| | | |
| --- | --- | --- |
| **Property Class** | **Municipal Tax Rate** | **Education Tax Rate** |
| Residential | 0.01604607 | 0.00153000 |
| Multi-Residential | 0.03176557 | 0.00153000 |
| Commercial Occupied | 0.03088480 | 0.00880000 |
| Commercial Excess Land | 0.03088480 | 0.00880000 |
| Commercial Vacant Land | 0.03088480 | 0.00880000 |
| Industrial Occupied | 0.02708078 | 0.00772281 |
| Industrial Excess Land | 0.02708078 | 0.00772281 |
| Industrial Vacant Land | 0.02708078 | 0.00772281 |
| Aggregate Extraction | 0.02203580 | 0.00772281 |
| Landfills | 0.04307577 | 0.00511000 |
| Pipelines | 0.10646304 | 0.00880000 |
| Farm | 0.00401152 | 0.00038250 |
| Managed Forest | 0.00401152 | 0.00038250 |
The 2026 Budget was presented to Council on June 1 2026. To see more information: 2026 Budget Presentation