HOUSEBOAT CAPITAL OF CANADA
The Finance Department is responsible for the overall financial administration of the District including payroll administration, accounts payable and receivable, purchasing and storekeeping, property taxes, utility billings and collection, property records and financial reporting, budgeting and forecasting.
Change in Ownership
New home owners should advise the Finance Department of changes in ownership. It may take three to six weeks before the District receives official notification of a change from the Land Titles Office and the B.C. Assessment Authority. This could mean a delay in the new owner receiving a tax/utility notices and consequently, being penalized 10% for late payment. District staff try to redirect billings but may not be aware that a bill was not received if it is not returned to them. Home Owners should be familiar with the municipal property charges and due dates. These amounts may be determined by contacting the Finance Department at Municipal Hall (836-2477) or from your Purchaser’s Statement of Adjustments.
Taxes and Utilities
Tax notices are usually mailed around the middle of May and are due by the first day after the Canada Day holiday in July. Some areas in the District are served with water and sewer and some areas, water only. Utility Notices are mailed in early January and are an annual invoice. Metered notices are billed twice annually in January and July.
Home Owner Grants may be claimed any time after the tax notices are sent and are on the tax notice. If your taxes are paid by a mortgage company, you still must apply for the Home Owner Grant on an annual basis. The Home Owner Grant may only be applied to current taxes and must be claimed before December 31st of the current year. Penalty additions also apply to late claims of Home Owner Grants and therefore, it is to your advantage to ensure your application is filed with the Collector before the tax due date. You do not have to make a payment in order to claim the grant.
Home Owner Grants
Prepayment of the current year taxes can be made by two methods. An installment plan is available to taxpayers which allows pre-authorized payments be automatically deducted from the taxpayer’s bank account monthly from July to May. This amount is approximately 1/12 of the annual tax amount, less any applicable Home Owner Grant. The amount due in July will be the difference between the estimated and actual taxes and the Home Owner Grant to be claimed. Interest will be provided as a discount against the taxes. This interest/discount is non-taxable for income tax purposes and compares vary favourably with most investment rates. If you would like an application for the plan or would like more information, please contact the Finance Department at Municipal Hall (836-2477).
Prepayment may also be made by way of a lump sum at any time. Payments made between July 3rd and May 15th will accrue interest from the date of prepayment to the due date for taxes. Post dated cheques in payment of taxes and utilities may also be used and will be accepted at any time.
The Finance Department is open from 8:30 a.m. to 4:30 p.m., Monday through Friday to answer any questions you may have about taxes, utilities, Home Owner Grant applications or other property related matters.
Property owners may defer their property taxes if they are age 55 or older, or a widow or widower or, a disabled person and are a Canadian citizen or landed immigrant and have lived in British Columbia for at least one year prior to applying for tax deferment, and they qualify as per the Land Tax Deferment Act.
Financial Hardship Tax Deferment Program - this is a temporary program that will allow eligible homeowners facing financial hardship, and have at least 15% equity in their homes to defer their 2009 and 2010 property taxes.
Families with Children Tax Deferment Program - this is a new program that will allow eligible homeowners supporting a dependent child under the age of 18 and have at least 15% equity in their homes to defer their 2010 and future property taxes.
Further information and application forms for both programs may be obtained from the Municipal Office.
Property assessment is not a municipal function. It is directly administered by the B.C. Assessment Authority. A link to their website is provided below.
Assessment Notices are mailed to all property owners during the first week of January and contain the legal description of your property and the assessed values of land and buildings (improvements). These notices should be kept from year to year as a record of increases or decreases in the assessed value of your property. Please note the date for appeals as no appeals can be made at tax time.
B.C. Assessment Authority
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