Jun 12, 2024

Property Tax Information

The value of your property as assessed by the BC Assessment Authority, is multiplied by the tax rates as set out by each of the taxing jurisdictions to determine your property taxes. Questions related to your property assessment should be referred to the BC Assessment Authority office in Nanaimo (900-5800 Turner Rd, Nanaimo, V9T 6J4) at 1 866 825-8322.

PROPERTY TAXES 2024
Property taxes are due July 2, 2024. If you do not receive your 2024 tax notice by June 10, call 250 248-6144. A 5% penalty will be applied to all outstanding current year property taxes, including the portion related to any unclaimed home owner grant, after July 2, 2024. An additional 5% penalty will be applied after September 16, 2024.

HOME OWNER GRANT
To qualify for the home owner grant, you must be a Canadian citizen or permanent resident of Canada, live in BC, and currently occupy the residence as your principal residence. Home owner grants must be claimed each year you are eligible with the Province of BC or use the Online Services tab link. Apply by July 2, 2024, to avoid a penalty. The deadline to claim a retroactive home owner grant for 2023 (subject to qualifications) is December 31, 2024.


PROPERTY TAX RATES SCHEDULES


PROVINCE OF BC PROPERTY TAX DEFERMENT PROGRAM
The Property Tax Deferment Program is a low interest loan program that helps qualified BC homeowners pay their annual property taxes on their principal residence. You may qualify if you are 55 or older during the current year, a person with disabilities, or a family supporting children in certain circumstances. All deferment applications and renewals are administered by the Province of BC using the Tax Deferment Program website. Unpaid taxes, utilities, penalties, and interest from prior years must be paid to the City to be eligible to defer current year taxes. Residents must still apply for their home owner grant each year. The deadline to defer 2024 property taxes is December 31, 2024. Questions should be directed to 1 888 355-2700 or refer to the deferment program website.

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