The BC Property Tax Deferment program allows eligible homeowners to defer paying their current year’s property taxes. The Ministry of Finance pays the property tax on their behalf and secures repayment through a lien on the property.
Unfortunately, the time to process and provide property tax deferment loan payout statements has been significantly impacted by the BCGEU job action. What was previously a turnaround time of approximately three business days may now take several weeks.