Cranbrook, BC (May 29, 2023) – Property tax notices for all residents and businesses in the City of Cranbrook are now in the mail and enroute to you. If your notice has not arrived by the second week of June, please call us at 250-489-0233 so we can ensure a copy is forwarded to you.
2023 HOMEOWNER GRANT
Homeowner Grant applications must be submitted online through the Provincial website (www.gov.bc.ca/homeownergrant), or by phone (1-888-355-2700). Homeowner grants can also be applied for in-person at the Service BC office located at 100 Cranbrook St. North.
TAX DUE DATE
Taxes and homeowner grants are due on Tuesday, July 4, 2023, for all properties. 2023 taxes and provincial homeowner grants must be received by July 4, after which time any 2023 amount owing will receive a 10% penalty.
PAYMENT OPTIONS
If you are making payment in person at City Hall, non-cash payments are preferred. We do accept post-dated cheques, debit card, and credit card payments. Please note a 2.4% convenience fee applies to all credit card payments. Make cheques payable to: City of Cranbrook
Payment may also be made by telephone/online banking and through most financial institutions. You must still apply for the Homeowner Grant online through the Provincial website (www.gov.bc.ca/homeownergrant), or by phone (1-888-355-2700).
The City of Cranbrook now offers an online payment portal where you can register to receive notifications when bills are ready for viewing. You can view account balances and make payments using your credit card. To register for this service, visit here. You will need your ‘Access Code’ found on the top-left hand side of your Tax Notice underneath the address portion.
Please note a 2.4% convenience fee applies to all credit card payments.
PREPAYMENT OF 2024 PROPERTY TAXES
If you are currently participating in the pre-authorized payment program, please note that the prepayment amount on your tax notice includes the June 15th payment. As your prepayment amounts were based on an estimate there may still be a balance owing. To avoid a penalty, please review your Tax Notice carefully and make sure you pay any outstanding balance prior to July 4, 2023.
Any overpayment on the 2023 property taxes will be applied to the first payment(s) for 2024.
If you are interested in enrolling in the monthly pre-authorized payment plan, please contact the Finance Department at 250-489-0233 to obtain an application form.
Monthly tax payments are withdrawn from a chequing or savings account by preauthorized debits on the 15th of each month, starting in July 2023 for the 2024 taxation year.
2023 TAX DEFERMENT PROGRAMS
Homeowners can apply to have the province pay their property taxes on their principal residence through their low interest loan program. There are two tax deferment programs you may qualify for:
Regular Deferment Program
• 55 years or older, or widow/widower, or a person with a disability as defined by Regulation; and
• 25% equity position in your home (based on the 2023 BC Assessment property value)
Families with Children Deferment Program
• Sign a declaration that you are financially supporting a child under the age of 18 at any time during the calendar year; and
• 15% equity position in your home (based on the 2023 BC Assessment property value)
Before applying for any of these tax deferment programs, you must pay all penalties, interest, previous years’ property taxes, and utility charges, as these charges cannot be deferred.
For more information about Property Tax Deferment from the Province of BC, visit https://www.gov.bc.ca/propertytaxdeferment, or call 1-888-355-2700. Note: Applications and renewals for property tax deferment can only be submitted online through eTaxBC.