Property Tax Information
The due date for all classes is July 2nd. However, for 2020 only, there is a change to the way the 10% late payment penalties will be applied.
Council agreed with the province’s recommendation of keeping the penalty application date at July 2nd for residential classes 1 and 2. The province has mandated an extension of the penalty deadline for commercial classes 4, 5, 6, 7 and 8 to October 2nd regardless of municipal or regional jurisdiction even though tax invoices show a due date of July 2nd. The reason for the split penalty dates is that residential property owners are eligible, upon application and approval by the province, to defer their taxes, if they qualify, while businesses cannot.
A penalty of 10 percent is applied to outstanding current year residential class 1 and 2 taxes at the close of business on July 2, 2020.
A penalty of 10 percent is applied to outstanding current year commercial class 4, 5, 6, 7 and 8 taxes at the close of business on October 2nd, 2020.
Customers who believe they did not receive their invoice by mail or email will have their address verified by a staff member. For Village purposes, once an invoice has been sent to its billing address it is considered to be received by the recipient.
Please note that the Village Office is located at 423 Davies Avenue and payments are accepted by debit card, cash, cheque or through Kootenay Savings Credit Union.
***When paying at the bank or through online banking please be aware that it can take 3 to 10 business days for your payment to be received at the Village Office. Payment must be received at the Village Office prior to the due date of July 2, 2020 for residential classes 1 and 2 or October 2, 2020 for commercial classes.***
Important Information about the Homeowner Grant
If you are eligible for the Provincial Home Owner Grant, please ensure that the Application on the bottom of your tax notice is completed, signed and returned to the Village Office by the close of business on July 2, 2020 to avoid a penalty of 10% on the grant portion. Please note that the Home Owner Grant application form must be completed each and every year in which you are eligible for the grant.
A penalty will be applied on the amount of the Home Owner Grant for any unclaimed, unsigned or incomplete applications, as this will be considered equivalent to unpaid taxes. To avoid the penalty on the Grant portion of your taxes, the Home Owner Grant must be claimed even if a payment on outstanding taxes is not made.
Collection of Taxes for Other Taxing Authorities
The Village is required to include on property tax statements amounts levied by other taxing authorities over whom the Village has no control. The Village’s percentage of your total tax payable was only 36% in 2016. School taxes collected on behalf of the Provincial government by the Village account for 27% of the tax bill. The remainder of the charges were levied by Regional District of Central Kootenay, Police Levy, Central Kootenay Regional Hospital District, West Kootenay Boundary Regional Hospital, the B.C. Assessment Authority (BC Assessment) and the Municipal Finance Authority (MFA-BC).
2020 Municipal Tax Breakdown (Residential)
For information and inquiries regarding amounts levied by other taxing authorities, please contact them directly at:
- School Taxes (250) 356-0907 (Victoria)
- Regional District of Central Kootenay (250) 352-6665
- B.C. Assessment Authority (604) 241-1361
- Municipal Finance Authority (250) 383-1181 (Victoria)