Property tax deferment

Once you receive your property tax notice, you may be able to apply to the Province of BC for a low interest loan to pay the current year property taxes on your principal residence. There are two programs you may qualify for:

  • Regular Program - you may qualify for this program if you're:
    • 55 or older during the current year or
    • a surviving spouse of any age or
    • a person with disabilities
  • Families with Children Program - you may qualify for this program if you're a parent, stepparent or financially supporting a child.

You can apply to defer a portion or all of your residential (class 1) or residential and farm (class 1 and 9) property taxes after the home owner grant is deducted. If you qualify for the home owner grant, you must apply for it separately each year.

All penalties, interest, previous year property taxes, and local services taxes (or utility user fees) must be paid to the municipal tax collector as these are not eligible for deferment.

If your application is approved, the province pays the current year unpaid property taxes on your behalf.

You must apply to renew your agreement each year if you want the province to continue to pay your property taxes on your behalf. The renewal process is not automatic.

How to apply

Before you apply, it's important to make sure:

  • you qualify for tax deferment
  • all changes to your property title have been completed. If your application is approved, a restrictive lien will be registered against your property and will remain until you repay the loan in full.

All penalties, interest, previous year property taxes, and local services taxes (or utility user fees) must be paid to the municipal tax collector as these are not eligible for deferment.

Choose and fill out the application for the program that applies to you:

  1. Apply for regular Program   
  2. Apply for Families with Children Program

Return the completed application, applicable home owner grant and applicable local services tax payment by mail or in person to City Hall by the property tax due date. 

       City of Kelowna 
       Revenue Branch 
       1435 Water Street 
       Kelowna, BC  VIY 1J4

The City of Kelowna Revenue Branch will complete the collector portion and forward the application/agreement to the Tax Deferment Office in Victoria.

Attention:  Due to the large volume of applications, it may take several months for the Tax Deferment Office to confirm the application status.

How to renew

The province will send you a renewal notice along with a statement of your loan account before the end of May. Only these authorized forms will be accepted for renewal.

You must make sure you continue to qualify for the tax deferment program before you submit your renewal:

If you will be selling your home or refinancing, please contact the Province of British Columbia Property Tax Deferment office before you submit your renewal application.

Telephone: 250 356-8121 (Victoria)
Alternate Telephone: 1 888 355-2700 (Toll-free in B.C.)
Email: TaxDeferment@gov.bc.ca

Late payment penalty

You'll be charged a late payment penalty if:

  • you apply after the property tax due date
  • your application is declined and it's past the property tax due date
  • you sell your home before the taxes are paid on your behalf    
  • you cancel or withdraw your application for any reason after the tax due date and it's before the taxes are paid on your behalf​  
Adding a spouse to property tax deferment

If the home owner with an existing Property Tax Deferment Agreement wishes to add a spouse on title, the owner must complete the  FIN54 Application and Amending Agreement  to continue deferring property taxes.  This application must be mailed to the Ministry of Finance directly at:

PO Box 9446, Stn Prov Govt, Victoria, BC V7W 9V6.

Visit the Province of British Columbia's Tax Deferment website to view the current Deferment Interest Rates .