When are property taxes due?
In Nakusp the Property Tax Due Date is July 4, 2023
Property Tax Notices are mailed out during the third week of May and are due each year on the first business day in July. While payment is made in the middle of the year, it covers the time period of January 1 to December 31 of the current year.
Any unpaid 2022 taxes will be subject to a ten percent penalty levied after July 4, 2022. Outstanding amounts that are not paid due to Home Owner Grants not being claimed are subject to the same penalties.
How are municipal property tax rates calculated?
In British Columbia, municipal property tax rates are calculated based on the budgeted property tax revenues established by council during the annual budget process and assessment information provided by BC Assessment.
These factors establish the amount of municipal taxes paid per $1,000 of assessed value for each class of property.
What is the municipal portion of the property tax bill?
The municipal portion of your property tax bill includes municipal property taxes and utility charges that are controlled and set by the municipality.
Taxes levied by other government agencies are also included on your tax notice and are not controlled by the municipality. These agencies include the Municipal Finance Authority, BC Assessment, Regional District of Central Kootenay, Hospitals, and the Provincial Government (School Tax).