Property tax breakdown
Total Property Taxes
Like all municipalities, Creston is required to collect taxes for other levels of government in addition to our Municipal Property Taxes.
Roughly half of the taxes collected are for Town of Creston services and operations. The remainder of the total taxes collected by the Town are for the RDCK, School Tax, Hospital District Taxes, BC Assessment, and Municipal Finance Authority.
Municipal Property Taxes
Municipal property taxes, which account for roughly one third of municipal funding, are combined with the Town's other funding sources and are allocated to:
- Public Works, Water, and Sewer
- General Government
- Capital Projects
- Police Services
- Fire Protection
- Debt Repayment
- Development & Planning
- Bylaw Compliance
Other funding sources include:
- Utility Rates & Fees
- Previous Years Reserves & Surplus
- Fees / Sales of Services
- Utility Frontage Tax
- Provincial Grants
- Federal Grants
- Other Grants and Funding Sources
Property taxes are a main funding source the Town uses to be able to provide the many services that are provided to the public. Taxes to be collected are determined in the. Tax rates are determined by the property value assessed by the BC Assessment Authority and guidelines in the Tax and Revenue Policy contained in the Financial Plan.
The BC Assessment Authority is a provincial Crown corporation that determines the market value of all real properties in British Columbia. The assessed value determines what the taxation will be for a property. If you disagree with your assessed value, you have a limited time to appeal to the BC Assessment Authority. Details on how to appeal are included on your assessment notice. Curious how your property assessment compares to neighbouring properties? You can search and compare property assessment information across the province at e-valueBC.
Access Your Account
To access your account, please use the roll account number and the access code noted on the top right-hand corner of your Property Tax Notice. NOTE: You will need to "Login" before you can access your account information. View your Property Tax and Utility Account details online.
2020 Property Tax Inserts:
- Business - Includes payment methods, and deadlines for businesses
- Residential - Includes payment methods, and home owner’s grant application information
Property taxes are due by 4:30 p.m. on the first working day in July, after the July 1st holiday. Acceptable methods of payments are: Electronic Funds Transfer (EFT) via online or telephone banking, debit, cash, cheque, money order, or Credit Card (additional fees apply). Payment can be made by mail, online using a credit card (additional fees apply), or through most financial institutions by telephone or online banking. If taxes are paid through your mortgage or financial institution, the Home Owner Grant claim must still be completed and returned to Town Hall, or applied for online before the due date to avoid penalty.
Due to COVID-19 Town Hall is currently closed to the public, but we are still available to take your calls, and can accept payment by EFT, online/telephone banking, credit card, or mail. Thank you for you understanding.
Cheques post-dated to the due date will be accepted at Town Hall. Your cancelled cheque is your receipt. Please note that postmarks on mailed remittances will not be considered as date of payment.
To pay your account by telephone or online banking, you must have previously signed up with your financial institution. To add us as a payee – search for “Creston” and review available options. Unfortunately, this may not be an option for Scotiabank, HSBC and some out-of-province Credit Unions. Questions and concerns regarding the setup need to be directed to your banking institution.
2020 Property Tax Inserts:
Home Owner Grant
If the property is your principal residence, you may qualify for the Home Owner Grant, which reduces the amount of property tax that you pay. If eligible, be sure to fill out the application form on the remittance portion of your tax notice and submit to the Town Office, or apply for the Home Owner Grant online. The Home Owner Grant application must be filled out each year and submitted to the Town Office, or be applied for online, in order to receive the grant. Unclaimed Home Owner Grants and balances owing after the due date are subject to a 10% penalty, which is added to current taxes unpaid.
More information on the Home Owner Grant, including eligibility criteria, can be found on the Province of British Columbia website.
Property Tax Deferment
Property Tax Deferment for Seniors, People with Disabilities, and Surviving Spouse of any age
This Property Tax Deferment Program is available for residents of British Columbia who are:
- home owners 55 years of age or older;
- person with disabilities;
- or a surviving spouse of any age.
Property Tax Deferment for Families with ChildrenThis Property Tax Deferment Program is available for residents of British Columbia who are financially supporting a child under certain circumstances. To be eligible, you must have at least 15% equity in your home, based on assessed values.
Both Property Tax Deferment programs are a low interest loan program that allows you to defer paying all or part of your property taxes on your principal residence if you qualify for the programs.
Changes have been made to the application and inquiry process and as of April 2020 municipalities are no longer able to provide forms or guidance to applicants. For more information about these programs and how to apply, please follow this link to the Province of British Columbia.
- Email: TaxDeferment@gov.bc.ca
- Phone: 1-888-355-2700
- Website: https://www2.gov.bc.ca/gov/content/taxes/property-taxes/annual-property-tax/defer-taxes
|Access Point Information Canada Ltd.||Credit Card||1. Go to www.apicanada.com
2. Register and log onto TCOL
3. Enter the PID and place order
|Land Titles and Survey Authority||myLTSA Deposit Account||1. Go to https://ltsa.ca
2. Log into your myLTSA account
3. Select TCOL and order
|BC Online||Online Deposit Account||1. Go to https://www.bconline.gov.bc.ca/
2. Log into BC Online Account
3. Select TCOL and order