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Property Taxes

Tax rates, together with assessed value and property use, determine the taxation amount for each property.  Municipal tax rates are set annually based on funds required to support local services.  Included on your property tax notice are levies for Regional Hospital District, RCMP Contract, School Tax, BC Assessment and Municipal Finance Authority.  The City collects these levies on behalf of these agencies and has no control or input in establishing these rates. 

Residential property tax notices also include annual utility charges (water, garbage & sewer) while Commercial property notices include only sewer charges and receive a separate annual billing for water.

The due date each year for taxes is July 4, or the first working day thereafter.  A 10% penalty will be applied to current taxes if not paid before or on the due date.  

Property Tax Payment Options

Payment of property taxes can be made by cash, cheque or debit card.  Credit cards are not accepted for property tax payments. 

The City offers a Tax Prepayment plan that provides for payment of property taxes and utility charges billed on the tax notice, through monthly preauthorized withdrawals from your bank account.  For further information contact the Finance Department.

Property Tax Deferment

The Property Tax Deferment Program is a loan program that allows you to defer your annual property taxes on your home if you meet certain criteria.

To qualify, you must be a Canadian citizen or permanent resident who has lived in British Columbia for at least one year immediately prior to applying for tax deferment benefits and be:

  • 55 years or older during the calendar year;
    •  a surviving spouse; or
      • a disabled person as defined by regulation

      Property taxes can only be deferred on the home where you live and conduct your daily activites.  Second residences, such as summer cottages and rental properties do not qualify.

      You must have and maintain a minimum equity of 25% of the current assessed value of your home and have a current fire insurance policy.

      For further information on this program contact the Financial Services Department or visit the Provincial Government Website.

Home Owner Grant

The Home Owner Grant is a grant to help home owners reduce their property taxes.  There are two categories of grants:

The regular grant may reduce your taxes up to $770 
The additional grant may reduce your taxes up to $1045 

A home owner may qualify for either the regular grant or the additional grant, but not both.  To receive the grant, both the owner and the property must meet the qualification requirements.

For more information visit the Provincial Government website

2016 Tax Rate Summary with Graphs
Permissive Tax Exemptions
Annual Tax Rates Bylaw 2426, 2015
Five Year Financial Plan
Monthly Preauthorized Tax Payment Plan Bylaw 1804
Tax Prepayment Form
Sewer Collector System Bylaw 2428, 2015
Sewage Treatment & Disposal Bylaw 2427, 2015

 

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