Prepayment Program

Application for the program can be made at any time. Due to payment processing in progress, applications submitted between the 10th and 15th of the month, or between June 27th and July 15th, will not be processed until the following period.

1. Download the application form and fill it out.
2. Attach a “VOID” cheque
3. Send to covdata@vernon.ca

In selling your property, you or your lawyer MUST terminate the Property Tax Pre-authorized Payment Plan by providing written authorization to the City Finance Department before the 10th of the month, in order to stop the withdrawal on the 15th.

1. Open the prepayment plan change/cancelation form
2. Send to covdata@vernon.ca

Your payment amount will depend on: prior year tax levy, homeowner grant eligibility, current account balance, and the number of payments remaining in the cycle. Monthly prepayment amounts are calculated well before tax rates are determined, the final July payment will capture any increases or decreases in tax levy.

The due date payment may differ from your monthly payment amount. The due date withdrawal is equal to the total outstanding balance on the tax account and is listed on the tax notice issued in May. Account activity that occurs after the May payment, such as a returned payment, or an extra payment made, will change the July 2 withdrawal amount.

If eligible, claim your homeowner grant directly with the province as soon as you receive your tax notice.
Ensure sufficient funds are in the account for the July 2 withdrawal.

Prepayment to tax accounts earn interest that is applied to the tax account as a credit towards net tax payable.
Refund requests of prepayments will not be approved, overpayments after the due date are automatically returned to your bank account by direct deposit mid-July.