Pre-Authorized Debit (PAD) Plan
What is PAD?
PAD is a pre-authorized payment program that provides taxpayers with the option of making monthly payments towards the following year’s taxes and future utility bills. The payment plan assists our residents with budgeting by reducing the once a year larger payment of property taxes and twice a year utility bills to 10 smaller monthly contributions.
Interest is paid on the amounts held at the Village at prime minus 3%. Please note, if prime is 3% or less no interest is paid.
All current and prior year property taxes and utilities must be paid in full prior to enrolling in the Pre-Authorized Debit Plan.
To leave the program at any time, 10 days written notice is required.
How does PAD work?
The program begins with a single authorization:
STEP 1: Complete the Pre-Authorized Debit Plan Application Form 2017
STEP 2: Attach a VOID personalized cheque
STEP 3: Send the completed form with the VOID personalized cheque to Village Hall (by mail or in person):
Attn: Finance Department
2697 Sunnyside Road
Anmore BC V3H 5G9
STEP 4: On or before the due date of the taxation year, complete the Home Owner’s Grant (HOG) if eligible, and remit any outstanding property tax owing to Village Hall. On or before utility bill due dates, ensure any outstanding utility amounts owing are paid in full. Penalties will be applied to unpaid balances after due dates.
Automatic withdrawals of the monthly payment will be drawn on the 15th of the month from August to May and continue annually. No automatic payments will be processed in June or July.
Credit balances on account will be applied to the following year’s property taxes or next utility bill. It is the participant’s responsibility to re-assess the monthly payment amount annually and to make appropriate changes to the amount in subsequent years. The Village does not refund credit balances.
FOR RESIDENTS CURRENTLY ON THE PAD PLAN, PLEASE COMPLETE AND SUBMIT YOUR HOME OWNER GRANT (if applicable) AND PAY ANY OUTSTANDING BALANCE BY THE DUE DATE.
If you are on PAD and wish to continue with the same monthly payment, nothing further is required of you.
Should you have any questions regarding the PAD Plan, please contact Village Hall.