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About Rural Property Tax - Yearly Cycle of Critical Dates
The annual assessment and taxation of rural property is a complex process guided by critical dates. |
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| December 31 |
Annual Assessment Notice - BC Assessment mails Property Assessment Notices to property owners.
Application Deadline - final deadline for applying for current year benefits for Home Owner Grant and Property Tax Deferment Programs. |
| January 31 |
Assessment Review deadline - Deadline for requesting a formal review of your property assessment by the Property Assessment Review Panels (opens a new window) if you disagree with your assessment. |
| May 31 |
Rural Tax Notice - Rural Property Tax notices are mailed to rural property owners. |
| July 2 |
Rural Property Tax Due Date - Rural Property Taxes are due with the exception of farmers who have qualified for the Farm Extension Program. A 5% penalty is applied to late payments.
Application Deadline - initial deadline for applying for Home Owner Grant and Property Tax Deferment Programs to avoid penalty on the grant or deferred portion of the property taxes. |
| September 15 |
Notice of Overdue Taxes - Notices are mailed to property owners with unpaid account balances. |
| October 31 |
Second Property Tax Penalty Due Date - A further 5% penalty is charged on unpaid taxes as of this date.
Farm Extension Due Date - Property taxes are due from farmers on the Farm Extension Program. A 10% penalty applies to late payments. |
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| January 1 |
Notice of Delinquent Taxes - Unpaid tax accounts from the previous year become delinquent and are charged interest at a rate of prime plus 3%. Collection action is started.
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| January 20 |
First Collection Letter - owners with delinquent taxes are sent a letter requesting they contact the Receivable Management Office to resolve the tax debt. |
| March 15 |
Second Collection Letter - A second collection letter is issued. |
| May 31 |
Tax Notice for Year 2
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| September 15 |
Notice of Overdue Taxes - Notices are mailed to property owners with unpaid account balances. |
| October 12 |
Notice of Forfeiture - A preliminary notice is issued advising of pending forfeiture action against the property.
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| January |
Final Delinquent Notice |
| May 31 |
Tax Notice for Year 2 |
| October 12 |
Final Notice of Forfeiture |
| December 1 |
Critical Date for Forfeiture - in the third year in which property taxes remain unpaid, the property forfeits to the Crown on December 1 unless all outstanding taxes are paid. See Forfeiture for more information. |
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