B.C. cities have Canada's lowest property tax rates (INFOGRAPHIC)

But we all know what a smaller percentage of a much-larger assessed value means…

In a province that is home to some of the country's most expensive real estate markets, British Columbians need to take wins where they can find them.

Good news comes in the form of a new study by real estate website Zoocasa, which surveyed 25 major Canadian cities and found that residents of major B.C. cities pay the lowest property tax rates in the country.

article continues below

Vancouver property taxes were found to be the lowest in the country, at 0.24683 per cent of assessed value. This is less than half that of the second-lowest city, Abbotsford, which has a rate of 0.51300 per cent.

Zoocasa found the four cities with the lowest property tax rates were all in B.C., with Victoria at 0.52035 per cent and Kelowna at 0.52605 per cent. No other B.C. municipalities were included in the study.

However, as Zoocasa pointed out, “Living in a region with a low tax rate doesn’t necessarily translate to less tax paid, if average home prices are higher.”

zoocasa property tax infographic
Source: Zoocasa





Read Related Topics


NOTE: To post a comment you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Google+ You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The Prince George Citizen welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. Comments that contain external links will not be permitted. For further information, please contact the editor or publisher, or see our Terms and Conditions.

comments powered by Disqus

Popular Real Estate

Popular Citizen