Learn how you or your legal professional can repay all or part of your deferred property taxes.
Contact us with your questions about deferring your property taxes.
If you call from Vancouver or toll-free, ask to be transferred to 250-356-8121.
You may be able to apply for a low interest loan to pay your current year property taxes on your principal residence if you are:
Once you receive your property tax notice, you can apply to defer your property taxes. If your application is approved, the province pays your current year unpaid property taxes on your behalf. You can only defer the portion of your residential (class 1) or residential and farm (class 1 and 9) property taxes after the home owner grant is deducted. If you qualify for the home owner grant, you must apply for it separately every year.
Some deferment loan applications can take several months to process because of the need to gather all the necessary information. If your application is received before the property tax due date but is approved after the due date, you won’t be charged late payment penalties.
You will be charged late payment penalties if:
While you carry a property tax deferment loan balance, you can add a spouse to your property. You must repay the loan in full before you:
You will be charged simple interest on the amount of deferred taxes outstanding starting from the date the province pays your property taxes on your behalf. Interest rates are set every six months. Interest doesn’t apply to application or renewal fees.
You can make a payment or repay the loan at any time without penalty.