West Kelowna offers a property tax Pre-Authorized PrePayment (PAPP) plan, which enables taxpayers to prepay next year's property taxes in monthly instalments. Current year's taxes must be paid before the municipality can accept prepayments on the next year's taxes.
The plan pays monthly interest based on the prescribed rate of interest as determined by the Lieutenant Governor in Council in accordance with Section 239(2) of The Community Charter. This interest is considered a tax discount by Canada Revenue Agency and is not subject to income tax.
How the Plan Works
The plan calls for deductions from your bank account on the 10th of the month, for every month except June and July. The months of June and July are used as a catch-up month where the taxpayer applies for the Provincial Home Owner Grant (where eligible) and pays the remaining tax amount still outstanding. Please note it is the responsibility of the property owner to ensure the home owner grant is claimed before the tax deadline date.
The minimum monthly instalment is $20. The maximum is dependent on the prior year's levy for that property.
The taxpayer may, in writing, cancel this arrangement at any time but there will be no refund of any payments made prior to the cancellation and the City of West Kelowna will continue to pay interest on any amounts paid. This notification must be received at least five business days before the next debit/payment. If the subject property is sold, it is up to the discretion of the Collector to determine if a refund is permitted.
To sign up, please print and complete the Pre-Authorized Prepayment (PAPP) Application Form, attach a void cheque and return to the City at the address indicated below. Please note that the Terms and Conditions of the Property Tax Prepayment Plan are also contained in this form.