CITY GIVES MORE TIME TO PAY PROPERTY TAXES
The City of Castlegar is delaying property tax penalties for three months.
Delaying property taxes gives those who need more time until October 1, 2020 to pay and provides important and timely relief to the community during the COVID-19 pandemic when many are struggling financially.
This opportunity is available to all residential and commercial taxpayers who are unable to make their property tax payments on the July 2 due date, giving them a three-month grace period before penalties are applied.
“Residents who can pay their property taxes on time are being encouraged to do so,” said Director of Finance, Ola Oladele. “These taxes make up the bulk of the City’s revenue and we want to balance supporting the community while maintaining a solid financial position so we do not have to borrow to maintain the City’s essential services.”
Delaying property taxes is in addition to the other measures announced earlier this month, including relief on utility bills, support for community groups providing on-the-ground and critical services to seniors, the homeless and vulnerable populations, reducing non-essential costs, transferring all savings into a Revenue Stabilization Reserve, reducing tax rates in 2021 with any remaining funds from the Revenue Stabilization Reserve, and participating in the Castlegar & District Chamber of Commerce’s Economic Recovery Task Force.
The City is also developing an online payment solution so residents can pay their taxes online.
For more information on the City’s response to COVID-19 visit castlegar.ca/covid19.
The City of Castlegar is a service centre in the West Kootenay. The diversified and growing economy is focused on the forestry, energy and mining sectors in the valley, and commercial services in the City. Quality of life features backcountry adventure and an increasingly dynamic urban culture, including the Millennium Park & Ponds and Sculpture Walk.
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