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Tax Deferments

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Eligible homeowners may apply to have the Provincial Government pay the current year's residential property taxes for their principal residence. If you defer, the taxes paid on your behalf become a debt registered against your property's title and interest accrues annually.

How it Works

You must apply each year you wish to defer your property taxes. There are two options: the Regular Program, and the Families with Children Program. For new applications to the Regular Program there is a one-time fee of $60, and a $10 annual renewal fee. For the Families with Children Program, there is no fee for applying or renewing.

When you defer your annual property taxes, the Province charges interest on your tax deferment loan.

Tax deferment program interest rates for 2023:

Regular Program - 4.45%
Families with Children Program - 6.45%

When to apply

If you qualify for the program, you can submit an application to defer your unpaid property taxes between early May and December 31 of the current taxation year. However, we recommend applying after you receive your property tax notice and before your property taxes are due.

For further information about the tax deferment programs, visit us at the Municipal Office, telephone the Province's Tax Department at 1-888-355-2700, or visit the Provincial Government website at Apply for or renew a property tax deferment program application - Province of British Columbia (gov.bc.ca).