Property Taxes and Utilities
Property taxes are calculated based on the assessment value of a property (data provided by BC Assessment). Tax rates are set every year by City Council in terms of general municipal taxes, local improvement taxes, parcel taxes and Business Improvement Area levies. Provincial legislation requires the City to collect taxes for services provided by other taxing authorities including Province of BC (School), TransLink, Metro Vancouver, BC Assessment Authority & Municipal Finance Authority.
DUE DATE & PENALTIES
The due date for this year’s property taxes is July 2, 2024. A 5% penalty will be charged to current taxes remaining (including unclaimed Home Owner Grant) on July 3, 2024. A second penalty of 5% will be applied to any unpaid balance on September 3, 2024. These penalties are a requirement of the Community Charter. The City has no authority to either waive or modify these penalty amounts. A payment that is one day late is subject to the full amount of the penalty.
If you have not received your property tax notice, please contact the Revenue and Collections Division at City Hall at 604-527-4550. It is the responsibility of the property owner to pay property taxes, by the due date in order to avoid penalty, whether or not a bill is received. New owners who have not received a property tax notice are advised to contact the Revenue and Collections Division.
Property tax notices and reminder notices
Property tax notice - sent end of May - due date July 2, 2024. 5% penalty on July 3, 2024
1st reminder notice - sent late July - due as soon as possible. 5% second penalty on September 3, 2024
2nd reminder notice - sent late October - due as soon as possible. Any amount unpaid after December 31, 2024 will be transferred to next year's taxes in arrears and is subject to daily interest charges.
Unclaimed grants constitute as unpaid current taxes and are subject to penalties.