Lethbridge residents who own property have been granted a three-month reprieve on their 2020 property taxes if they need it.
On Monday, city council approved changes to its 2020 tax penalty dates to help property owners impacted financially by the COVID-19 pandemic.
This year’s taxes will still be mailed out with their normal due date of June 30, but the city said penalties will not be applied to unpaid tax balances until Oct. 1.
“We understand the devastating impact that COVID-19 has had on our community, and property tax bills are coming at a time when some businesses are just beginning to reopen and residents may be returning to work,” Mayor Chris Spearman said in a news release Monday afternoon.
[ Sign up for our Health IQ newsletter for the latest coronavirus updates ]
“By extending penalty dates, we believe this will give businesses and individuals more time to get back on their feet and make payments toward their bill without being penalized.”
The penalty for any outstanding tax balances after Oct. 1 will be three per cent. It will increase to four per cent on Nov. 1, and to five per cent on Dec. 1.
Property owners who can pay all or part of their taxes by the June 30 deadline are still encouraged to submit those payments on time.
“We understand that COVID-19 has had a significant financial impact on many residents,” Larry Laverty, the city’s tax and assessment general manager, said in a news release.
“If you find yourself in a situation where you don’t know how you are going to pay your taxes, please contact us to talk about what payment options are available.”
2020 property tax notices will be mailed out at the end of May.
Source: Read Full Article