Annual property tax
When you own or lease a property or manufactured home in B.C., property taxes must be paid yearly for each property.
Important information about property taxes during the COVID-19 pandemic:
- Rural property tax due dates have not changed
- Learn about reduced school tax rates for businesses
- Learn about postponed late payment penalties for businesses
- Find out if you are eligible to defer your property taxes (program eligibility has not changed)
The money raised from the property taxes you pay are critical to funding local programs and services, such as:
- Police and fire protection
- Emergency rescue services
- Road construction and maintenance
- Garbage services
- Recreation and community centers
- Parks
- Libraries
- Schools
- Hospitals
When a community starts a new service they are responsible for the costs. In some cases, the cost for the new service may be shared with other nearby communities. A recreation facility is a good example of when the cost to provide a new service may be shared.
How much property tax do I have to pay?
The amount you pay is based on the funds needed to provide services for the year. Tax rates are set to determine how to share the cost of providing the services.
Tax rates and your property assessment determine how much property tax you pay.
