The Tax Deferment program is a low interest loan program available to eligible B.C. homeowners. It allows you to defer your current year property taxes. This program is often aimed at assisting homeowners who may be facing financial hardship, typically due to age, disability, or low income.

In a property tax deferral program, the property owner may still owe the taxes, but they are allowed to delay payment without incurring penalties or facing foreclosure on their property. Instead, the deferred taxes typically accrue interest over time, which must eventually be paid along with the original tax amount.

Eligibility criteria and the specifics of property tax deferral programs vary by location, so property owners interested in such programs should contact their local tax assessor's office or government revenue agency for more information.

Contact The Courtney & Anglin Real Estate Group if you would like further information.