July 4 is the final day for residents in Nanaimo to pay their property tax bill without any penalties. (NNN File photo)

By NanaimoNewsNOW Staff

TAX TIME

Final day to pay penalty-free property taxes

Jul 4, 2022 | 7:47 AM

NANAIMO — It’s deadline day to pay your 2022 property taxes.

Municipal property taxes for all properties across B.C. are due Monday, July 4, including those within City limits and in rural areas.

City property owners can pay taxes at the City’s Service and Resource Building on Dunsmuir St. via a cheque, pay online through their bank or set up a monthly withdrawal plan with the City.

Penalties will begin to be applied to outstanding bills beginning Tuesday, July 5 with the City of Nanaimo applying a two per cent penalty. Another eight per cent penalty will be added if the balance is not paid by the end of day on Aug. 31.

Similar penalties apply for residents in the City of Parksville and rural properties.

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Nanaimo passed a six per cent increase for 2022, made up of a five per cent property tax bump and one per cent for asset management.

Parksville passed a 3.5 per cent bump for 2022.

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