Richmond property owners are reminded that property taxes are due Thursday, July 2, 2026.

Property tax notices have been mailed. Those who have not received their notice should do one of the following:

Contact the City Tax Department immediately at 604-276-4145

Visit City Hall in person with photo identification to request a copy

Access their account online at richmond.ca/MyRichmond

Property taxes must be paid, the home owner grant claimed and property tax deferment applications or renewals completed by the due date to avoid penalty.

The Government of BC administers the home owner grant and property tax deferment programs. Eligible property owners must apply for the home owner grant each year.

People using the property tax deferment program should be aware of a change to how interest is calculated. 

• For property taxes deferred for 2025 and previous tax years, simple interest was charged on the deferred amount at the interest rate of prime minus two per cent. 
• For property taxes deferred for 2026 and subsequent tax years, compound interest is charged and the interest rate is set at prime plus two per cent. Interest begins from the property tax due date or the date of deferment application, whichever is later.
• Property owners may suspend their deferment by paying the current year's property taxes while leaving any previously deferred balance in place. They are encouraged to contact the Province and cancel their deferment auto-renewal if they plan to continue paying their property taxes going forward.

A five per cent penalty will be applied to unpaid 2026 property taxes after Thursday, July 2, 2026. A further five per cent penalty will be applied to any outstanding balance after Tuesday, September 1.