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Wednesday, 4 January 2012

Property Tax: Defer Your Property Tax?

What is BC Property Tax Deferment Tax Program?

It is a loan program allowing you to defer your annual property taxes if:

1/ You are a Canadian Citizen or Permanent Resident in BC for at least 1 year.

2/ You or your spouse is 55 or over; or you are a surviving spouse; or you are a person with disability.

3/ You maintain minimum equity of 25% of the current BC Assessment value on your home.

4/  You have adequate fire insurance policy for an amount not less than the current BC Assessment value.

5/  You are living and conducting your daily activities at your house.

To Apply: Pick up FIN 51, an Application And Agreement For Deferment Of Property Taxes from your City Hall or Service BC Centre or go to this website: http://www.sbr.gov.bc.ca/individuals/Property_Taxes/Property_Tax_Deferment/forms.htm 

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I am a realtor specializing in the residential properties in the Greater Vancouver, British Columbia. I have been awarded with 15 years top achievement Medallion Award by the Greater Vancouver Real Estate Board.