Find out how property tax rates are calculated and which portion of the bill is municipal.
How are municipal property tax rates calculated?
In British Columbia, municipal property tax rates are calculated based on the budgeted property tax revenues established by Council during the annual budget process and assessment information provided by BC Assessment.
These factors establish the amount of municipal taxes paid per $1,000 of assessed value for each class of property.
What is the municipal portion of the property tax bill?
The municipal portion of your property tax bill includes municipal property taxes and utility charges that are controlled and set by the municipality.
Taxes levied by other government agencies are also included on your tax notice and are not controlled by the municipality. These agencies include the Municipal Finance Authority, BC Assessment, Squamish-Lillooet Regional District, Hospitals, and the Provincial Government (school tax).
Learn more about tax basics. Download the Tax Guide – an informational brochure mailed to taxpayers each year with their tax notice.