< Back to News

Qualified Seniors Can Now Defer Paying Property Taxes

In 2013, the Alberta Government introduced a Seniors Property Tax Deferral Program (SPTDP) which will provide eligible seniors with financial support to pay their property tax bill.

This voluntary program will allow seniors to defer their residential property taxes through a low-interest home equity loan with the Alberta Government.

The Provincial Government will pay the senior's taxes directly to the municipality and the loan (with interest) will be due when the senior sells his/her home, is no longer eligible for the loan, or earlier if the senior chooses.

You can apply for the SPTDP at any time. However, to allow enough time for your application to be processed and payment forwarded to your municipality (and avoid penalties), you should apply at least 30 days before the property tax deadline.

Applications for the program are available by calling the Alberta Supports Contact Centre toll-free at 1-877-644-9992 or you can visit, http://www.seniors-housing.alberta.ca/seniors/property-tax-deferral.html.

 

Leave a comment: