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Frequently Asked Questions

What is the property tax deferment program in BC?

Available to residents of British Columbia, this program can allow your clients to pay their property tax bill over time, rather than right away. Who’s Eligible? To participate in the B.C. property tax deferment, your clients usually must be over the age of 55. But if they are disabled or a widow or widower, they can apply regardless of their age.

What is deferment and how does it work?

Deferment helps seniors stay in their homes longer and allows families to focus on providing for their children. Eligible homeowners are then able to use some of the appreciation in the value of their home to pay their property taxes at a later date.

What is a property tax deferment loan?

Overview Tax deferment is a low interest loan program that helps qualified B.C. homeowners pay their annual property taxes on their principal residence. You must meet all eligibility qualifications above to apply. Important: Applying for property tax deferment does not include the home owner grant.

What is the cost of the tax deferment program?

This means you are limited to the types of changes you can make to your property’s title while you are in the tax deferment program. If you applied for the Regular tax deferment program, a $60 fee will be added to your account. There are no fees for the Families with Children program.


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