Rural Property Tax Rates
If you live in a rural area, you can estimate your property taxes using the tax rate tables. Tax rates are released every year in mid-May. The tax rate tables currently available are:
For your estimate to be accurate, you need to be familiar with the taxes that are charged where your property is located. To estimate your property taxes find all of the tax rates for your property's location and classification(s). The types of tax rates to look for are:
- Provincial rural (general)
- Provincial school
- Regional hospital
- Regional district
- Local government functions
- Local service fees (e.g. fire protection, library, street lighting)
Note: Local services are often identified by the name of your community. To check the local services that apply to your property, call your regional district treasurer or planning office.
Once you have located all of the tax rates, apply them to the assessed value of your property. To apply the tax rate, multiply your property's taxable value by the tax rate, and divide the amount by 1000.
Tax Rate Explanation
When you are looking at the tax rate tables, each tax rate listed describes its:
- Jurisdiction (Jur)
- Category (Cat)
- Region (Reg)
- Category Item (Item)
- Taxed Value (VAC)
- Property Classification (OIC)
- Item Name
A three digit number beginning with a 7 (e.g. Penticton Rural is 716) that identifies the jurisdiction the property is located in.
What tax jurisdiction the tax rate applies to.
|AA||Provincial rural (general) tax|
|AB||Provincial school tax|
|AC||Regional hospital districts and BC Assessment and Municipal Finance Authority taxes|
|BC||Regional district local community area tax|
|BD||Regional district defined service area tax|
|BE||Regional district electoral area tax|
|BS||Regional district specified service area tax|
|BV||Regional district extended or local service area tax|
|BI||Improvement district tax (fire protection and street lighting tax only)|
|BU||Metro Vancouver Transportation Authority|
A number for the regional district, regional hospital district or school district the tax rate is for.
What area within a taxing jurisdiction the tax rate applies to.
What the assessed value the tax rate is calculated using.
|A||Provincial Rural Tax (General) - land and improvements|
|S||Provincial School - land and improvements|
|D||School / hospital - land and improvements|
|F||School / hospital - land only|
|G||School / hospital - improvements only|
What type of property (classification) the tax rate applies to.
|7||Managed Forest Land|
|8||Recreational Property, Non-profit Organization|
A short description of the tax rate.
The rate of the tax.