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Quick answer:
The City asks you to allow 3 to 5 business days for a bank payment, and suggests searching for Nanaimo only and picking the right account type; property taxes are due on the first business day in July after Canada Day. The math on this page uses $200/month as an example property tax; your own amount will differ, and the cash back scales with it.
Format: 8-digit folio number entered without the period. The folio/roll number on the property tax notice is also your tax account number, and the access code on the notice registers the account in MyCity.
Verified against www.nanaimo.ca, October 2026.
Yes, and it's the whole point. Most billers don't reward you for how you pay. Through Neobanc, your card earns its normal rewards and Neobanc adds 1% cash back on top. On a $200/month City of Nanaimo property tax, that's roughly $72 back per year between a 2% cash-back card and Neobanc, for the exact same property tax.
On a $200/month property tax, a 2% cash-back card returns about $4.00/month, and Neobanc adds $2.00 on top, roughly $72 per year for switching how you pay, not what you pay.
Change how you pay before what you pay. Paying by bank transfer or Pre-Authorized Withdrawals (PAWS) earns nothing; the same property tax through Neobanc with a cash-back card returns about $72 a year. A 2% penalty is applied at the end of the day on the tax due date and an additional 8% at the end of the last business day of August, and penalties cannot be reduced or waived. A recurring Neobanc payment a few business days before the due date earns on every cycle and never runs late.