Brampton is continuing with its property tax deferral program for another year. Applications will soon open for residents and businesses who want to defer their 2022 property taxes because of financial hardship due to the COVID-19 pandemic.
To qualify for the program, applications must be submitted by Friday, April 8, 2022. Participants who choose this option will also have their Final Tax Bill automatically deferred. To be eligible for the Property Tax Payment Deferral Program, property tax accounts must not have tax arrears prior to March 2020. Tax arrears from prior years will continue to accrue penalty and interest charges. Residents and businesses must also pay property taxes directly to the City of Brampton and not through a mortgage company. Applications must be submitted by the property owner and cannot be submitted by a financial institution on their behalf.
Residents and businesses who qualify for the Property Tax Payment Deferral Program and are currently enrolled in the City’s Pre-Authorized Tax Payment (PTP) Plan, will be removed from the PTP Plan and will have to submit a new application to re-enroll before the 2023 Interim Tax Bill deadline. All taxes must be paid before re-enrolling for the PTP Plan.
For those whose taxes are paid as part of their mortgage, they must contact their mortgage provider and determine whether they can cancel the tax payment. The mortgage provider must advise the City to remove the resident/business from their listing.
Tax deferral does not mean tax cancellation, clarified officials. All deferred amounts must be received before December 15, 2022 to avoid penalties and interest from accruing on any overdue balance at that time.