Town of Banff

Installment Payment Program (TIPP)

Who can use TIPP?

• Your tax accounts cannot be in arrears.
• You must have a bank account.  Line of Credit and Power LIne accounts cannot be used.

How do I sign up?

Step 1:  Fill out a TIPP application.  The application is available on-line (you will need to print the form before submitting) or can be picked up at Town Hall on weekdays between 8:30 and 4:30.

• TIPP Application ( PDF - 46 kb)

Step 2:  Submit the form along with an unsigned cheque marked "VOID":

By mail: Town of Banff, Attn: Taxes & Utilities, Box 1260, Banff, Alberta  T!L 1A1

In person:  Banff Town Hall, 110 Bear Street, Monday - Friday between 8:30 a.m. and 4:30 p.m.

By fax:  403.762.1260, attention Taxes & Utilities

NOTE:  if you are purchasing a home which is currently on TIPP, you may continue the program.  Call 403.762.1230 for details.

Is there a charge for TIPP?

• There is no charge if you sign up before January 15th of the new year.
• If you sign up after January 15, an initial payment of the missed instalments must be paid.
• Your bank may have service charges.

 TIPP payments are not refundable or transferable.

Once I have signed up, how do I make changes or cancel?

Thirty days written notification is required:

• To change banking information.  Please fill out a Banking Information Change form and provide a new "VOID" cheque.
• Banking Information Change Form ( PDF - 183 kb)
  
• To stop withdrawals if your property is sold.
• To cancel the program. NOTE:  if the program is cancelled, all unpaid taxes become due.

Do I need to renew TIPP yearly?

No. TIPP continues unless we receive written notification from you to stop withdrawals.

How do I change from Mortgage Company Payments to TIPP?

You must contact your mortgage company and have your tax account terminated in their system to stop their collection for your taxes.

Once your mortgage company informs us of this change, we can process your TIPP application.

What if I miss a TIPP payment?

if two payments are missed, the Town of Banff has the option to cancel the agreement and request payment of the total outstanding taxes.

Supplementary Taxes and TIPP

A supplementary tax bill is levied when a building or residence is built or redeveloped in the current tax year, resulting in an increase in the assessed value of the property.  This bills are issued in the late fall.

If you anticipate a supplementary bill, you may increase your TIPP payments above the original estimate to accumulate a credit to pay the supplementary bill.

When supplementary bills are issued, the accumulated credits (your TIPP payment to date) will be itemized on the bill.  If the balance owing is greater than the remaining TIPP payments in the calendar, an increase in payments will be necessary to avoid penalties starting January 1 of the new year.  An additional lump sum payment may be required to bring the account to a NIL balance by year-end.

Questions?  Contact 762.1230 or taxes.utilities@banff.ca, or drop by Town Hall at 110 Bear Street, Monday - Friday between 8:30 a.m. and 4:30 p.m.

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