Defer your property taxes

The Property Tax Deferment Program is a low-interest provincial loan program designed to help qualified BC home owners pay their annual property taxes.

You may apply to defer your current year's taxes from late May until December 31 of that year. However, to avoid a 5% penalty, your application must be received by the tax office on or by the July due date.

Note If you have paid your current year taxes in full, do not submit a deferment application until May of the following year.

Types of property tax deferment

There are two variations of the Property Tax Deferment Program. You can learn more about them, including eligibility criteria, on the Province of British Columbia’s website:

You will have two tax deferment options if you are new to the program

  1. Pay the February taxes and defer only the July taxes to avoid paying any penalties.
  2. Defer the full year's taxes. You will incur a 5% penalty on the advance amount. Send your penalty payment, home owner grant application, and deferment application to the City by the July due date.

You still need to claim your home owner grant

It's easy to forget to claim your home owner grant when you defer your taxes. Remember that even when you defer your taxes, you still need to claim your home owner grant each year. You also need to renew your deferral each year.

Sending your forms directly to the City can help you avoid unnecessary penalties

While the Tax Deferment Program is provincial, the City collects the applications between mid-May and December 31 each year. If you send your application to the province, they will mail it to us. This delay in the mail may result in late penalties being applied to your property taxes.

Find property tax deferment forms

Managing your deferral

Applying for deferral

Check the eligibility criteria for the Tax Deferment Program, download the application forms, and learn how to send them to the City.

Renewing your deferral

Your tax deferral must be renewed each year if you need to continue deferring your taxes. Learn how to send your renewal forms to the City.

Cancelling your deferral

Learn how to stop deferring your property taxes (and optionally keep your tax deferal account open with the Province of BC).

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Last modified: Tue, 26 Jan 2016 11:00:56

Applying for deferralRenewing your deferralCancelling your deferral