Property Tax Rates

Each year, the City sets property tax rates based on local property assessment information provided by the BC Assessment Authority. The City bases the ‘mill rate’ (the multiplier used to calculate property taxes) on the average increase or decrease in property assessment values, as well as the projected financial needs of the following year.

Property Tax Payment Methods:

  • Interac at City Hall
  • Cash in Person
  • Cheque in Person / By Mail (delivered to City Hall on or before the due date)
  • Online Payment via Financial Institution (contact your financial institution for more information) - it may take up to 1 week to process payments. Taxes must be received in City Hall by the deadline or a penalty will be assessed
  • Payments at banks are not accepted
  • All payments must be received before 4:30pm on July 2nd, 2025

2025 Property Tax Rates:

Dollar of Tax per $1000 of Taxable Value

Classification Residential Utility Supportive Housing Heavy Industry Old Port Tax Cap New Port Tax Cap Light Industry Business Recreation /Non-Profit
Class No. 1 2 3 4 4A 4B 5 6 8
General Levy 5.12121 53.98513 21.59405 63.94157 26.71519 21.85788 18.62392 21.59405 4.04187
Library 0.15044 1.58591 0.63437 1.87840 0.78481 0.64212 0.54711 0.63437 0.11874
Total Municipal Levy 5.27165 55.57104 22.22842 65.81997 27.50000 22.50000 19.17103 22.22842 4.16061
NC Regional District 0.13833 1.45800 0.58375 1.72774 1.72774 1.72774 0.50352 0.58375 0.10928
NW Regional Hospital 0.54029 1.89102 0.54029 1.83699 1.83699 1.83699 1.83699 1.32371 0.54029
School Tax Rate 2.04600 11.74000 0.10000 3.56000 3.56000 3.56000 3.56000 3.56000 2.13000
Municipal Finance Authority 0.00020 0.00070 0.00020 0.00070 0.00070 0.00070 0.00070 0.00050 0.00020
BC Assessment 0.03570 0.42140 0.00000 0.42710 0.42710 0.42710 0.10040 0.10090 0.03540
Rate Total 8.03217 71.08216 23.45266 73.37250 35.05253 30.05253 25.17264 27.79728 6.97578