Yes. An interest rate 2 percent below the prime lending rate will be earned on all prepayments until May 31. Interest rates paid will vary annually with market fluctuations.
Remember:
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All outstanding property taxes must be paid in full prior to joining the PAWS program.
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Between August and May, 10 equal monthly installments will be made by automatic deduction from the pre-authorized account.
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The difference between the prepaid amount, plus the interest earned and the actual taxes levied will be payable (and automatically withdrawn) on the tax due date in July of the current year.
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The taxpayer is responsible for claiming the Home Owner Grant (if eligible) by the tax due date.
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The Collector reserves the right to cancel the privilege of participation in the program due to multiple dishonoured payments with written notice.
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A taxpayer participating in the program may withdraw from the program at any time. The amount paid to date will remain in the tax account.
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There are no refunds for tax prepayments.
For more information, visit campbellriver.ca/property-taxes. Questions? Call 250-286-5715, email taxes@campbellriver.ca, or visit us in person at 301 St. Ann’s Road.