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CITY OF KAMLOOPS
BYLAW NO. 63-1
A BYLAW TO ADVANCE PROPERTY TAX PAYMENT
The Municipal Council of the City of Kamloops, in open meeting assembled, enacts as
follows:
1.
This bylaw may be cited as "Advance Property Tax Payment Bylaw No. 63-1, 2025".
2.
Monthly Preauthorized Tax Payment Plan Bylaw No. 22-1-78, 1994, as amended,
and Advance Taxes By-law No. 22-1-79, 1994, as amended, are hereby repealed.
3.
Council hereby establishes a mechanism for advance property tax payments through
intermittent payments or through a tax installment plan for the taxpayers of the City
of Kamloops.
4.
The Collector is hereby authorized to receive on behalf of a taxpayer in each year
any time between July 15 of the year preceding to May 15 of the year in which
current taxes are due, not more than one payment per month per property folio, to be
applied to all forecasted property taxes and special charges.
5.
The taxpayers of the City of Kamloops shall have the right to make intermittent
advance property tax payments or enter into a monthly tax installment payment plan,
that will provide for the advance payment of forecasted property taxes and special
charges between July 15 of the year preceding to May 15 of the year in which
current taxes are due.
6.
The Collector is authorized to accept payment amounts of not less than $10.00 and
not more than an amount which in total would exceed the sum of forecasted net
taxes for the following year as calculated by the Collector.
7.
Where property of a taxpayer is recorded on more than one parcel in the taxation
roll, a separate deposit may be made during a month under Section 4 of this bylaw in
respect of each parcel.
8.
Advance payments and installment plans shall commence no earlier than July 15
each year provided that all property taxes and special charges for the current year
are fully paid prior to the payment date.
9.
Installment plans starting after July 15 will have the calculated equal monthly
payments prorated over the remaining months until May 15 of the year in which
current taxes are due.
10.
A payment rejected and returned for any reason from any financial institution, shall
be charged back to the taxpayer's tax account and a returned cheque fee will also be
added to the tax account.
11.
The Collector may cancel the privilege of advance payments or continuing in a tax
installment plan if two consecutive payments are rejected.
12.
The Collector will credit the appropriate folio account, or accounts with the payments.
BYLAW NO. 63-1
PAGE 2
13.
Simple interest will be paid pursuant to Section 12 of this bylaw and will be applied to
the tax account as a discount against the taxes due in each year, as follows:
(a)
Interest will be calculated at the rate of four full percentage points (4%) below
the prime interest rate as set from time to time by the Bank of Canada to a
maximum of 1.5% and calculated on a daily basis from the date of payment
to the following April 30;
(b)
Interest will not be calculated if the Bank of Canada's prime rate is four
percent (4%) or less.
14.
The difference between the property taxes and special charges for the current year
and the total of the payments authorized and paid and any accumulated interest will
be due July 2 in the current year.
15.
Any balance remaining unpaid after July 2 in current year will be subject to the
penalty provisions of the Community Charter's Municipal Tax Regulation.
16.
The taxpayers participating in a tax installment payment plan will provide the City
with the authority to debit their bank account each month by the amount calculated
pursuant to Section 5 of this bylaw.
17.
A taxpayer participating in the program may withdraw from the program at any time.
18.
Intermittent advance tax payments and tax installment payment plan payments are
non-refundable:
(a)
If a taxpayer's property is sold, the Collector will provide a Tax Certificate that
will indicate the total of the payments to date, including any interest earned
under Sections 12 and 13 of this bylaw; and
(b)
This information may be considered by the Solicitor or Notary when making
the final adjustments to the sales transaction.
19.
Any interpretation of the Advance Property Tax Payment bylaw is the responsibility
of the Collector or the City's Finance Officer.
BYLAW NO. 63-1
PAGE 3
READ A FIRST TIME the
28th
day of
January,
2025.
READ A SECOND TIME the
28th
day of
January,
2025.
READ A THIRD TIME the
28th
day of
January,
2025.
ADOPTED this
4th
day of
February,
2025.
ORIGINAL SIGNED BY:
MAYOR
R. HAMER-JACKSON
ORIGINAL SIGNED BY:
CORPORATE OFFICER
M. MAZZOTTA