The overall property tax revenue requirement for 2022 - meaning how much the District will need to raise from property taxes - increased 6.7% increase over 2021. This is offset by taxes that will be collected from new development.
The 2022 financial plan results, therefore, in an overall increase in the property tax revenue requirement of 3.76% from 2021 levels, to be shared among existing taxpayers.
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.
Municipal taxes: | |
Other Agencies*: | |
Total: |
Land Use Planning | |
Economic Development | |
Bylaw and Animal Control | |
Transit | |
Community Grants and Library | |
Capital Projects Funding | |
Fire Rescue and Emergency Program | |
Debt and Fiscal Services | |
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 2021, single family homes had an average assessed value of $1,390,700. 2022 property taxes are: