Good morning, 

It's that time of year again, so we wanted to share some important dates and links you might find handy this property tax season! Most municipalities will be sending out property taxes notices in mid-May to early June, and advise that you reach out to your municipality if you haven't received your property tax notice by mid-June. If you are eligible for the Home Owner Grant, you can apply to claim it anytime throughout the tax year through the Province of B.C., though it is recommended to apply between when you receive your property tax notice in the mail and the July 4th deadline.

If your lender has been collecting for your property taxes each month:

You will still need to apply to claim the Home Owner Grant and inform your lender, if you have not already, that you live in the property and are claiming the grant. On the July 4th due date, your lender will remit your collected property taxes to your municipality on your behalf. After your property taxes have been paid, your lender will let you know how much they are budgeting for you for next year, taking into consideration estimated increases in taxes due, increased property values, and if you were short in your contributions for the year past.

Important Dates:

- Mid-May to Early June: Property tax notices sent out

- Mid-June: If you haven't yet received your property tax notice, reach out to your municipality, or if you live in a rural area, reach out to the Province of B.C. at 1-888-355-2700

- July 4: Deadline to pay property taxes, to apply for Home Owner Grant (without late penalties), and to apply to defer your property taxes (without late penalties)

Helpful Links & Resources:

Not sure if you're eligible to claim the Home Owner Grant? Find out HERE

Wondering how to apply to claim the Home Owner Grant? Start HERE

Want to learn about deferring your property taxes? Learn more HERE

You may also want to check out:

The Province of B.C.'s FAQs HERE

City of Nanaimo's FAQs HERE, or your own municipality's website for more info.

If you have any questions or want to chat about this topic more, please feel free to reach out!