Vancouver breaks up property tax into two payments a year. The first payment being due on the second business day in February and the second payment being due on the second business day in July. This year landing on Friday July 3rd!
Property taxes are one of the cities most lucrative income streams for the province. Although as a home owner we cringe when it comes time to pay property tax this money does go to help build our communities and maintain our city.
Don’t forget to apply for the home owners grant if applicable. These grants are applicable for homes under $1,214,000 for the basic grant and $1,269,000 for the advanced grant. For more information on your home owner grant see City of Vancouver website : http://vancouver.ca/home-property-development/home-owner-grant.aspx