Discounts for early payment

Are there any municipalities offering a discount to encourage early payment of property taxes this year? Thanks!

Comments

  • No for Parksville. I think it would cost far too much in lost taxes compared to the interest on temporary borrowing if you were short of cash to pay the RD bill in August.

  • I agree. To have any impact on behavior, the cost of the discount would need to be reasonable and that would make it more than the savings in interest cost from the cash flow deficit for a short period of time. Suggestions, in social media, that "many cities are offering discounts" has resulted in the need to find out which cities are. So far, I haven't been able to identify any.

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