Calculating Property Tax

Understanding property tax calculations

Once growth in the overall tax base is factored in, the 2020 financial plan results in an overall decrease in property tax rates of 0.5% from 2019 levels. The impact to existing taxpayers varies depending on the extent of each property’s assessment change in relation to other properties and property classes.

To achieve the revenue required, the Residential Tax Rate has been set by the District of Squamish at 2.9735 (down from 2.9891 in 2019).


Residential Property Tax* Calculator

Please enter your Assessed Value: $

Municipal taxes:
Other Agencies*:
Total:


How your municipal tax breaks down:

Land Use Planning
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

*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 2020, single family homes had an average assessed value of $941,200. Property taxes would have been:

  • $941,200/1000 = 941.20 x 2.9735 = $2,798 in property taxes (municipal and library only).

 


Learn more about property taxes: