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PROPERTY TAX - DEFERMENT INFORMATION

Deferring Your Property Taxes

 

You may qualify for a low-interest loan from the Province to pay your current year property taxes for your principle residence. Applications for the Tax Deferment Programs will be available from the Provincial Tax Deferment Office in mid-May.

When you defer your annual property taxes, the Province charges interest on your tax deferment loan; the deferred taxes and interest are then paid when your home is sold or transferred.

Residents who apply to defer their property taxes are still responsible to pay their annual utility bill, claim their home owner grant and pay any user fees showing on their tax notice.

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There are 2 programs you may qualify for:

 

1. Regular Program

You may qualify for a deferment program if you are a homeowner who is:

  • over 55 years or older during the current tax year;

  • a surviving spouse of any age; or

  • a person with a disability.

 

Review full details and how to qualify for the Regular Deferment Program.

2. Families with Children Program

If you are a homeowner who is financially supporting a dependent child under the age of 18, you may defer your taxes if you certify that the child:

  • lives full time with you, on your eligible property;

  • lives part time with you, under a shared custody arrangement; or

  • does not live with you, but you pay support for the child or are responsible for fees and/or living costs if that child is attending school.

Review full details and how to qualify for the Families With Children (FC) Deferment Program.

 

Renewing your Property Tax Deferment

The Province has implemented a process for Deferment Renewals through their website only. It is NOT to be turned into the Village Office. The Village Office will have a self-serve kiosk available for those who do not have computer access to complete their deferment renewals.

If you have not set up automatic renewal, you must apply to renew your tax deferment agreement after May 1st of each year, or pay the next year's taxes to your property tax office.

If you have set up automatic renewal, no further action is required. You can check the status of your renewal through your eTaxBC account

You can apply to renew your agreement once you’ve received your property tax notice. You have until December 31 of the current year to apply; however, we suggest you apply before the property tax due date to avoid late payment penalties.

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