Calculating Property Tax
Understanding property tax calculations
Key Amounts
- The total 2023 budget is $167.7M, and is comprised of the General Operating Fund, a Capital Plan, three Utilities (Water, Waste Water and Solid Waste), and Reserve contributions.
- Once the planning and budgeting is complete, the revenue required to raise from property taxes is $37.2M.
- This property tax revenue requirement is 8.9% higher than 2022, with just over half of this being offset by community growth (additional taxpayers).
- The difference shared among existing taxpayers is a 4.2% increase over 2022.
The impact to each taxpayer varies. This depends on how much your property assessment changed in relation to other properties and property classes in your neighbourhood.
View the Property Tax Impact/Financial Plan Snapshot.
Residential Property Tax* Calculator
Please enter your Assessed Value: $
| Municipal taxes: | |
| Other Agencies*: | |
| Total: |
How your municipal tax breaks down:
| Economic Development | |
| Bylaw and Animal Control | |
| Transit | |
| Community Grants and Library | |
| Debt and Fiscal Services | |
| Fire Rescue and Emergency Program | |
| Capital Projects Funding | |
| Roads, Maintenance and Flood Protection | |
| Recreation and Parks | |
| Policing | |
| General Government |
*Other Agencies includes School District, Municipal Finance Authority, Squamish Lillooet Regional District, Hospital or BC Assessment Authority.
A $770 Homeowner Grant (or greater in some specific cases) may be applied against taxes on your primary residence. For details and qualification requirements, click here.
Property taxes (municipal) are calculated by dividing your property’s assessment by 1,000, and then multiplying it by the tax rate.
Example:
In 2022, single family homes had an average assessed value of $1,507,400. 2022 property taxes are:
- $1,507,400/1000 = 1,507.4 x 2.1246 = $3,202.62 in property taxes (municipal and library only).
