Important dates for 2023
BC Assessment sent your Property Assessment Notice by mail in January.
Property tax notices are mailed May 30, 2023.
|July 4 at 4:30 pm
|Your property tax payment is due. Your home owner grant application is due. Your Property Tax Deferment application or renewal is due (BIM no longer processes deferral applications). If your taxes are paid through your mortgage, your bank will remit the payment on your behalf. If you are eligible for a Home Owner Grant, please be sure to claim it by this date.
|A 10% penalty is applied to any outstanding 2023 taxes, including any unclaimed home owner grants.
|Tax sale date (applies to properties with three years of outstanding taxes).
How to avoid paying penalties, interest, or fees
Late tax payments are subject to penalties and interest. To avoid these, be sure that, by the due date, you:
- Pay your taxes
- Claim your home owner grant (if eligible)
- Submit your completed new or renewal tax deferment application to the Province (ensure that you have no outstanding arrears payments first as this will cause an approval delay)
Types of penalties, interest, and fees
Penalties on unpaid taxes
If you miss the payment deadline, a 10% penalty is applied to the current year’s unpaid taxes after the first working day in July.
Current year property taxes that remain unpaid at December 31 become arrears on January 1, and will be charged daily interest until paid.
Any taxes in arrears that remain unpaid on December 31 in the year following the year in which they became taxes in arrears are delinquent on that date, and charged daily interest until paid.
Properties with three years of outstanding taxes are subject to the Annual Tax Sale on the last Monday in September (September 25, 2023).
Fees for returned cheques
Cheques rejected by your financial institution for any reason are considered non-payment of taxes and are subject to applicable penalties and interest charges. In addition, Bowen Island Municipality will charge an administrative fee of $25 for each rejected payment.