Relocation services for British Columbia, Canada

Property tax

In Canada you pay an annual property tax - much like council tax in the UK. It is assessed on the value of your property. The intention is that this is a fair market value and is based on the sale price of the house or a more recent assessment. So increasing property prices result in higher taxes.

The assessment is carried out each year in July. The property assessment is sent out to home owners in January.

The assessed value is made up of two elements. The land value and the improvements. Land value is usually the most significant element, so don’t be surprised if you see that. The improvements are the buildings on the land. This is your home.

The Vancouver skyline, seen from across the Burrard Inlet