The City of Penticton is considering a two-month property tax deferral, to assist residents and business owners during COVID-19. (File photo)

COVID-19: City of Penticton considering two-month property tax deferral

City looking at what they can do to assist home and business owners during COVID-19

The City of Penticton is considering deferring the deadline for property taxes until the end of September.

Normally, tax notices would be issued to property owners in June with the deadline for tax payment July 31. Council requested staff to evaluate what a tw0-month delay would mean for City finances, including how it would affect cash flow.

READ MORE: COVID-19: City of Penticton waives parking meter fees

“Property tax is one of the City’s primary sources of revenue,” said Penticton mayor John Vassilaki. “We need to ensure we fully understand the impacts before making this decision.”

Vassilaki explained they are looking at what they can do at the municipal level to assist residents, businesses and not-for-profits during the COVID-19 public health emergency.

“We recognize that the timing of property taxes may add to the financial burden so adjusting the deadline is worth considering,” he said.

Staff will report their findings and provide recommendations at a future Council meeting when regular proceedings resume.

READ MORE: COVID-19: City of Penticton facilities close, meetings cancelled

@PentictonNews
editor@pentictonwesternnews.com

Like us on Facebook and follow us on Twitter.

Coronavirus

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

QUIZ: How much do you know about the Kelowna Rockets?

This quiz challenges the knowledge of those who claim to be the biggest Rockets fans

12-year-old Kelowna resident celebrates birthday with help of community

The community greeted Kate Pauling with ballons, banners and gifts along her paper route on Friday

COVID-19: More infected passengers on planes flying to and from Okanagan and Kamloops airports

The BC Centre of Disease Control has identified numerous flights with COVID-19 cases

Land once belonged to Grand Chief Nicola

Summerland was once known as Nicola Prairie

‘Better days will return’: Queen Elizabeth delivers message amid COVID-19 pandemic

The Queen said crisis reminds her of her first address during World War II in 1940

Emergency aid portal opens Monday, cash could be in bank accounts by end of week: Trudeau

Emergency benefit will provide $2,000 a month for those who have lost their income due to COVID-19

Education, not enforcement: B.C. bylaw officers keeping a watch on physical distancing

A kind word, it turns out, has usually been all people need to hear

COVID-19: Hospitals remain safe for childbirth, say Vancouver Island care providers

North Island Hospital has been asked to share its perinatal COVID-19 response plan

Canadian cadets to mark 103rd anniversary of Vimy Ridge April 9 virtually

Idea of Captain Billie Sheridan in Williams Lake, B.C. who wondered what to do in times of COVID-19

Okanagan nordic centre loses out on 2021 nationals

Sovereign Lake near Vernon was to host 2020 Canadian championships, canceled due to COVID-19

COVID-19: North Okanagan spring leagues wiped out

Ladies softball, indoor and beach volleyball leagues shut down over pandemic

Most Read