Property tax rates

Property tax rates are the rate used to determine how much property tax you pay, based on the assessed value of your property. The tax rate applies to each $1,000 of net taxable value.

The property tax rate is different depending on the class of property you own.

Tax rates for property classes

2018 property tax due dates

Advance taxes:  February 2, 2018

Main taxes: July 4, 2018

Home owner grant: July 4, 2018

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How property tax rates are set

Property tax rates are set by:

  • A general levy from the City
  • Levies from other taxing authorities

The general levy is:

  • Based on a rate that applies to each $1,000 of net taxable value by property class
  • Set for every taxable parcel of land, as defined on the BC Assessment roll, in a general purpose taxes rating bylaw

Every year the bylaw is passed by Council when they adopt our annual budget for the year.

This levy must raise enough revenue to pay all of our debts and obligations that are due that year.

Five other institutions get a portion of their annual revenue from property taxes:

  1. BC Government, for schools
  2. Metro Vancouver Regional District
  3. Municipal Finance Authority (MFA)
  4. BC Assessment (BCA)
  5. TransLink

Council has no control over the levies from other taxing authorities. We also don't control the way they are distributed to properties in the city.

However, to reduce the administrative cost of billing and collecting these other property taxes, we include these levies on the main tax notice sent to property owners each year.

Property tax rates from previous years

View historical tax rates for residential, utilities, supportive housing, major industry, light industry, business, recreational and non-profit, and farm properties (PDF document, 2 pages each):

201420132012 - 2011 - 2010 - 2009 - 2008 - 2007 - 2006 - 2005 - 2004 - 2003 - 2002 - 2001 - 2000

ResidentialUtilitiesSupportive housing Major industryLight industryBusiness and otherRecreational and non-profitFarm