Property Tax Deferment is a property tax assistance program offered by the Province of B.C.
Property Tax Deferment is a low-interest loan program that assists qualifying homeowners in British Columbia to pay the annual property taxes on their homes. The program is administered by the Province.
There are two different deferment programs:
- 55 and Older, Surviving Spouse, Persons with a Disability
- Families with Children under 18
Property Tax Deferment allows you to defer your current property taxes less any available Home Owner Grant and Municipal User Fees. You can submit an application to defer your unpaid property taxes at any time during the current taxation year. However, it is recommended applying after you receive your property tax notice and before your property taxes are due. Penalties will apply after the property tax due date if your user fees are not paid and your Home Owner Grant and deferment application have not been received.
Several properties in Whistler do not qualify for property tax deferral, these include:
- Properties that are second residences
- Properties with lower than a minimum equity of 25%
- Properties with land leases
Applications are now completed and processed by the Tax Deferment office and only available online, paper applications are no longer available at Municipal Hall. For more information and to apply please visit the Province's website Tax Deferment.
New for owners of resident-restricted housing
Previously the tax deferment programs were not available for owners of resident-restricted properties that are subject to a Right of First Refusal/Option to Purchase Agreement registered on title. The RMOW and the Ministry of Finance have entered into an agreement that will allow qualifying owners of these properties to participate in the deferment programs. The new agreement does not apply to all resident-restricted properties in Whistler, those subject to a land lease agreement will continue to be ineligible for tax deferment.