The Province is taking significant steps to support B.C. businesses, non-profits and other organizations through the COVID-19 pandemic by further reducing the school property tax rate for commercial properties to achieve an average 25% reduction in the total property tax bill for most businesses, providing up to $700 million in relief. This enhances the 50% reduction to the provincial school property tax rate for classes 4, 5 and 6 announced as part of the COVID-19 Action Plan.
School tax is one of the services you are charged for on your annual property tax notice. The tax isn't based on whether you or your family use the public or private school system. The education system benefits all B.C. residents including people without children in school. You pay school tax to share in the cost of providing education in B.C.
School tax is charged on every property in B.C. unless the property qualifies for an exemption.
Each year the province sets the residential school tax rate for each school district and is based equally on:
- The total number of residences in the district
- The total residential assessed value in the district
Generally, these rates decrease so that average provincial revenue per home only increases by B.C.'s Consumer Price Index rate of inflation.
Each year the Province sets the school tax rate for each non-residential property class. Generally, these rates decrease each year as average values within a property class rise faster than inflation.
Additional School Tax Rate
If you own a high value residential property, you may also have to pay the additional school tax rate.
BC Assessment determines if the additional school tax rate applies to your property. If you believe your property should be exempt from the additional school tax rate, contact BC Assessment to discuss your concerns.