A compilation of tax rates across BC, courtesy of zoocasa, gives us a look at how much BC residents are paying in property taxes. realestate realestatenews propertytax BC
By now, homeowners around British Columbia have likely already received their property assessments courtesy of BC Assessment, and although theyas many may think when it comes to a home’s market value, they do play a key role in determining the amount of property tax a homeowner has to pay.
Powell River, Kamloops, and Nanaimo led the province with the highest property tax rates, with rates of 0.671150%, 0.603820%, and 0.600870%, respectively. They’re also the only three municipalities in BC with a rate over 0.60%. Rounding out the top five were Campbell River and Central Saanich, with rates of 0.562082% and 0.452785%. Notably, a majority of the cities with the highest rates are those on Vancouver Island.
The City that has it the worst, however, is Saanich, where homeowners pay an average of $4,275.74 in property tax, as a result of both the tax rate and average home price being on the higher end. Third was Victoria, our province’s capital, where the average property tax amount was $4,071.40, also due to both the tax rate and average home price being on the higher side.Saanich, Coquitlam, and Victoria were the only three municipalities in BC to see an average property tax amount above $4,000. Most municipalities had an average amount between $3,000 and $4,000, with some municipalities in more rural regions under $3,000.
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