Property Tax Deferment
Property Tax Deferment for Financial Hardship
The provincial government has announced that the Property Tax Deferment Program will be temporarily available to homeowners who are facing financial hardship due to recent global economic events.
Homeowners must have 15% equity in their homes and attest that they are experiencing financial hardship due to the economic crisis. More details on how to apply will be released by the provincial government before tax notices are issued in May 2009. This program will be available for 2009 and 2010.
For January 19, 2009 Provincial Government update, please click here.
Property Tax Deferment for Seniors
The Property Tax Deferment Program for home owners 55 years of age or older, and for people with disabilities, is available for residents of British Columbia. To be eligible, you must have at least 25% equity in your home, based on assessed values.
For more information about these programs, please follow this link to the BC Ministry of Small Business and Revenue.
The Town’s role is to help with the application and payment process, on behalf of the provincial government. Applications forms are available at Town Hall.