Property owners can make prepayments towards their 2023 property taxes in January or February. This will result in a discount when 2023 tax bills are issued in May.
The discount will be equivalent to earning interest at two per cent per year from the date of payment starting in 2023 to June 30, 2023. Prepayment amounts cannot exceed the total property tax bill for the preceding year.
Property owners on the Tax Installment Prepayment Plan (TIPP) program already receive a monthly discount on their credit balance.
Residents can make payments online, at their financial institution, in person at City Hall, by mail or using the secured drop box at City Hall. Credit cards are not accepted.
Please note that City Hall will be closed from December 26 to January 2, re-opening on January 3. Payments made online, at your bank, or sent in the mail will be honoured as of the online payment date and the stamp date.
The earlier prepayments are received, the greater the credit applied to the property owner's 2023 tax account. The City is still accepting enrollment into the monthly TIPP as well.
For more information about payment options for property taxes, visit www.lethbridge.ca/taxes.