Calculating Property Tax
Understanding property tax calculations
The District of Squamish 2018-2022 Financial Plan results in a 6.3% increase in the amount of revenue required from property taxes in 2018 (over 2017).
To achieve the revenue required, the Residential Tax Rate has been set by the District of Squamish at 3.1789 (down from 3.3924 in 2017).
Property Tax* Calculator
Please enter your Assessed Value: $
Municipal portion of your taxes: |
How your tax bill breaks down:
| Land use planning, environmental planning, building inspection | |
| Bylaw and Animal Control | |
| Economic Development | |
| Transit | |
| Community Grants and Library | |
| Fire Rescue and Emergency Program | |
| Debt and Fiscal Services | |
| Roads, Maintenance and Flood Protection | |
| Capital Projects Funding | |
| General Government | |
| Recreation and Parks | |
| Policing |
*Refers to Municipal taxes only, and does not include 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 2018, single family homes have an average assessed value of $822,603. Property taxes will be:
- $822,603/1000 = 822.60 x 3.1789 = $2,614.97 in property taxes (municipal only).
In 2017, single family homes had an average assessed value of $798,347. Property taxes would have been:
- $798,347/1000 = 798.35 x 3.3924 = $2,708.31 in property taxes (municipal and library only).
In this particular example, this home's property taxes would decrease $93.34 in 2018.
