Taxes Schmaxes

It's officially that time of year. If you're a home owner you have probably received your property tax assessments in the mail. Due dates to pay your taxes are usually the first week of July but double check with your municipality to avoid a 5% or even in some cases a 10% late fee!

If your mortgage is insured which typically means you provided a down payment of less than 20%, your lender most likely deducts your property taxes for you on a monthly basis. Please check with your financial institution for their procedures as your completed Home Owner Grant application form must be mailed, faxed or dropped off to the appropriate Municipal Hall and it must be received by the due date.

If your taxes are not automatically deducted each month, please visit your local City Hall or Municipal website to obtain more information on how to pay for your taxes. Please note that the City of Vancouver does not allow you to pay for your taxes on a credit card due to the cost of the processing fees the City would accrue.

For your assistance, please find the following links to some of the Lower Mainland Municipal websites:

District of West Vancouver
District of North Vancouver
City of North Vancouver
City of Vancouver
City of Burnaby
City of Port Moody
City of Coquitlam
City of Port Coquitlam
City of Surrey
City of Langley
The Corporation of Delta
City of New Westminster
District of Maple Ridge
City of Abbotsford
District of Squamish
Resort Municipality of Whistler
City of Victoria
City of Richmond

If you have any further questions please do not hesitate to contact me!

As always, I encourage you to contact me if you have any questions with your current mortgage or are looking for one. Please find me on facebook at facebook.com/jnmortgages and on twitter @jasonmortgages.

Jason Nesseth with TMG The Mortgage Group Canada Inc. If you have any questions or comments about this blog, please feel free to call Jason at 604.375.7375, email jason.n@mortgagegroup.com or visit his website at jasonnesseth.com