Understand Your Property Taxes
When you own or lease a property or manufactured home in B.C., property taxes must be paid yearly for each property. The money raised from the property taxes you pay is used to fund local programs and services, such as:
- Police and fire protection
- Emergency rescue services
- Road construction and maintenance
- Garbage services
- Recreation and community centres
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.