Calculating Property Tax
Understanding property tax calculations
Once the 6.1% growth in the overall tax revenue increase is factored in, the 2021 financial plan results in an overall increase in the property tax revenue requirement of 0.4% from 2020 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 2021 Municipal Budget and Property Tax Impact Snapshot.
Residential Property Tax* Calculator
Please enter your Assessed Value: $
| Municipal taxes: | |
| Other Agencies*: | |
| Total: |
How your municipal tax breaks down:
| 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 $1,030,200. Property taxes would have been:
- $1,030,200/1000 = 1,030.20 x 2.8601 = $2,946 in property taxes (municipal and library only).
