Once you receive your property tax notice, you may be able to apply for a low interest loan to pay your current year property taxes on your principal residence. There are two programs you may qualify for:
- Regular Program
You may qualify for this program if you’re:
- 55 or older during the current year or
- a surviving spouse of any age or
- a person with disabilities
- Families with Children Program
You may qualify for this program if you're a parent, stepparent or financially supporting a child.
DO YOU QUALIFY? Use the eligibility calculator to find out if you're eligible to apply:
- Utilities and arrears cannot be deferred. They must be paid before enrollment in the deferment program.
- If you qualify for the home owner grant, you must apply for it separately every year.
- If your application is approved, the province pays your current year unpaid property taxes on your behalf.
- While you carry a property tax deferment balance, you'll have a restrictive lien registered against your property. Once the lien is registered, you can only change your property title to add your spouse.
- You will not get a response from the Province about your application until after the property tax due date. If your application is received before the property tax due date but is approved after the due date, you won’t be charged a late payment penalty.
- You will be charged a late payment penalty if:
- you apply after the property tax due date
- your application is not approved by the Province
- you fail to provide the required information
- you sell your home before the taxes are paid on your behalf
- you cancel or withdraw your application for any reason at any time before the taxes are paid on your behalf
For More information, please visit the Government of British Columbia tax deferment web page.
Last updated: 18/05/2017 11:14:46 AM