As the property tax deadline approaches in British Columbia, now is the time for homeowners and investors to ensure their accounts are in order. Missing the payment deadline can lead to unnecessary penalties and interest—costs that are easy to avoid with a bit of planning.
When Is the Property Tax Due in BC?
Property taxes in British Columbia are due by the first business day after July 1st. In 2025, the deadline falls on Tuesday, July 2nd. If you’re a homeowner, strata owner, or landlord, marking this date on your calendar is critical.
Why This Matters for Homeowners
Paying your property tax on time is more than a formality—it affects your finances, eligibility for grants, and your credit with the municipality. A missed payment can trigger a 5% penalty and interest charges, which add up quickly.
What Real Estate Owners Should Keep in Mind
Whether you’re a first-time buyer or seasoned investor, here are a few reminders:
- Claim Your Home Owner Grant if eligible—especially important for primary residences.
- Set Up a MyProperty Account with your city for easier access to tax notices and reminders.
- Confirm Your Mailing Address is up to date if you’ve recently moved or bought a property.
- Check if Your Taxes Are Paid Through Your Mortgage—many lenders collect and pay on your behalf, but not always.
For Real Estate Investors
Investors managing multiple properties should plan ahead. Organizing payments for each property before the deadline can prevent clerical errors and help with annual budgeting. Keep digital records and receipts in case of future audits or resale disclosures.
Pro Tip for Buyers & Sellers
If you’re buying or selling a home around the July deadline, work closely with your lawyer or notary. Property tax adjustments are part of closing, and mistakes can result in overpayments or missed reimbursements.
Final Thoughts
Property taxes may not be the most exciting part of owning real estate—but staying ahead of this deadline can save you money and headaches. If you’re unsure about how the payment process works or have questions related to your property, reach out to your municipality or real estate advisor.