City of Richmond to reduce property taxes and delay tax deadline to September
15 April 2020
The City of Richmond will ask the Provincial Government to delay the due date of property taxes to September 2, 2020 in order to help those facing challenges due to the COVID-19 pandemic.
Should the government not amend legislation to shift the property tax due date from July 2, Richmond Council will exercise its right under the Community Charter to change the date itself.
“This is a difficult time for many people in our community and it is essential we do as much as we can to reduce the stress and pressure they are facing due to this unprecedented situation,” said Mayor Malcolm Brodie. “We also recognize those challenges go beyond Richmond which is why we want the Provincial Government to action its ability to provide the same option to everyone, regardless of where they live.”
Along with the change in the property tax due date, Council also approved budget amendments that will result in a two percent decrease in the previously approved property tax amount. This includes cancelling plans under Council’s Long-term Financial Management Strategy to increase the annual transfer to reserve of one percent to support capital improvements and funding for new or replacement facilities.
A further one percent will come through placing the hiring of 12 RCMP Officers and five RCMP support positions on hold, delaying phased funding for the City Centre Community Centre North, and deferring the operating budget impact of projects previously approved in the 2020 Capital Budget. Combined, the proposed changes will reduce 2020 property taxes by $4.6 million.