Tonight, City Council unanimously approved an additional economic relief measure to help mitigate impacts on Londoners and local businesses during COVID-19.
Recognizing the challenges property owners may face as a result of COVID-19, Council voted to defer the due date for final 2020 property tax installments by 60 days.
“We know that many Londoners are facing uncertainty and financial challenges as a result of COVID-19,” says Mayor Ed Holder. “Deferring the payment of property taxes provides immediate financial relief to residents while we continue to face economic and health concerns brought on by the pandemic. We continue to work with other levels of government on further tools and supports for residents and businesses impacted by COVID-19.”
For property owners paying property taxes through installments, the revised remaining payment due dates for 2020 are now the end of August, end of October, and December 15.
For property owners on preauthorized payments, the final billings for the 2020 taxation year are being spread over five payments with the new due dates being the end of August, end of September, end of October, end of November and December 15.
Payments received on or before these revised due dates will not be subject to interest or penalties.
The property tax deferral is in addition to previously announced financial measures including the waiving of interest and penalties for 60 days for unpaid Interim 2020 Property Tax installments that were due on March 31, 2020, waiving of interest and penalties for 60 days for unpaid water and wastewater billings and deferring on an interest-free basis for a minimum period of 60 days all Community Improvement Plan loan repayments.
These measures complement other Federal and Provincial financial aid programs and are an additional step in economic support for Londoners.
For questions about property taxes, please contact the Tax Office at 519-661-4540 or taxoffice@london.ca.