Kelowna homeowners, mark your calendars! Property tax notices are arriving in mailboxes and email inboxes this week, with payments due by Tuesday, July 2nd, 2024. Missing this deadline results in a 10% late penalty, so let's ensure a smooth payment process.
What You Need to Know
- Due Date: July 2nd, 2024
- Late Penalty: 10% applied to payments received after July 2nd.
- Bill Breakdown: Your bill reflects a 4.72% increase in the municipal portion, translating to an average of $9.33 more per month for most residential properties. It will also include levies from the province, regional district, library, and BC Assessment Authority.
Payment Options
- Drop Box: Located at the main doors of City Hall.
- Mail Cheque: Allow ample mailing time for receipt by July 2nd.
- Online or Telephone Banking: Initiate payment well in advance (at least 3 business days) to ensure it reaches the City by the due date.
- In-person at a Bank: Visit your local branch.
- Credit Card Online: Available at https://www.kelowna.ca/city-hall/property-taxes/property-tax-info-and-payments (2.3% transaction fee applies).
Understanding Your Bill
This year's property tax bill reflects a 4.72% increase in the municipal portion, translating to an average of $9.33 more per month for most residential properties. It's important to remember that the City's portion is just one component of your overall property tax bill. The bill will also include levies collected on behalf of the Province of BC, the Regional District of Central Okanagan, Okanagan Library, and BC Assessment Authority.
Homeowner Grant (HOG)
Eligible homeowners can significantly reduce their property tax burden by applying for the provincial Homeowner Grant (HOG). Applications can be submitted online at https://www2.gov.bc.ca/gov/content/taxes/property-taxes/annual-property-tax/home-owner-grant/apply or by calling 1-888-355-2700. The deadline to apply is also July 2nd, 2024.
Stay informed
For more information on property taxes, payment options, or the Homeowner Grant program, you can visit the City of Kelowna's website at https://www.kelowna.ca/city-hall/property-taxes/property-tax-info-and-payments or contact the City directly.
The content of this article is for informational purposes only and should not be considered as financial, legal, or professional advice. Coldwell Banker Horizon Realty makes no representations as to the accuracy, completeness, or suitability of the information provided. Readers are encouraged to consult with qualified professionals regarding their specific real estate, financial, and legal circumstances. The views expressed in this article may not necessarily reflect the views of Coldwell Banker Horizon Realty or its agents. Real estate market conditions and government policies may change, and readers should verify the latest updates with appropriate professionals.
