Across
- 4. The Taxes are Paid to Date is to be set up as XX0531 if the Realty Tax Form says the customer is paying the ____ bill.
- 6. Spreading tax deficits across ____ tax collection years is subject to approval by the Escrow Department.
- 7. If a client is approved to pay their own taxes and their tax account has a ____ balance, the ____ must be cleared before the tax account can be closed
- 9. The tax department sends out ____ reminder letters each year.
- 10. Clients in New Brunswick have thirty days to send an ____ bill otherwise the original tax bill will be paid in full.
- 11. Province which has two tax relief programs called Residential Property Tax Credit & Property Tax Allowance.
- 13. The tax account earns an interest rate of .10% on balances and charges ____ plus 2.00% on deficits.
- 15. When a client is paying out their mortgage the tax account balance will be applied as a ____ to the mortgage balance.
- 17. If the customer is responsible for taxes and has not paid for 1 to 3 years, the city will inform First National that a ____ may be placed on the property.
- 20. If a client lives in British Columbia and they change their mailing address, the grant options, ____ status on the account and tax component must be reviewed and possibly adjusted.
- 21. a signed agreement between the client and First National outlining that First National will administer the property taxes on the customer’s behalf.
- 22. Tax components are calculated based on a collection year that runs from the current final bill date to the next ____ bill date.
- 25. Clients in BC can _____ apply for the previous years homeowners grant up until December 31 of the current year.
- 26. Customers who pay property taxes directly to the city are to provide proof of payment each year to First National. Follow up letters are sent to customers with a LTV of ____ percent and above only.
- 28. Depending on the municipality, the cities can send anywhere from one to ____ bills annually.
- 29. Upon closing the tax account this will be refunded by direct deposit, unless the client sends in a request to have the balance applied towards their mortgage principal or next mortgage payment(s)
- 30. When the city or municipality does not offer PAP/TIPPS, the client must be with First National for ____ year(s) with good payment history in order to close the tax account
Down
- 1. Province that does NOT offer a tax payment plan.
- 2. If the client lives in British Columbia, the tax account is set up with a ____ Grant if the client is under the age of 65 and lives in the property.
- 3. Another name for a supplementary bill.
- 4. Clients with ____ mortgages and a LTV ratio above 80% must pay taxes through First National unless on payment plan through the city.
- 5. First National does not pay ____ Taxes in Quebec
- 8. If the client lives in British Columbia an ____ Grant if the client is over the age of 65 and lives in the property.
- 12. When a customer receives a _____ bill, they must forward a copy to First National for payment.
- 14. If the bill is due within two months from the date of _____, First National will not have enough time to collect all the funds required to pay this bill.
- 16. Clients with a ____ loan or a LTV ratio below 80% can pay taxes to the municipality directly
- 18. If First National is paying the customer's taxes, and the municipality splits a bill into installments the total of the bill will be paid on the ____ due date.
- 19. If a homeowner fails to pay their ____ bills, the city will transfer the outstanding balance to their property tax account.
- 23. If the city refuses to send copies of the bill to First National, the administrator will send Bill ____ Letters directly to the homeowners.
- 24. There are no ____ of tax account funds on Not Yet Assessed accounts unless approved by management
- 27. It is estimated that taxes increase by ____ percent each year due to standard inflation.