Property Tax

To balance the operating budget Council must raise revenue from property taxes. The amount required is converted to a rate, which is applied to the taxable assessment of each property and determines the amount of the property taxes payable.

Property tax rates (often called “mill rates”) are used to determine how much property tax you pay, based on the assessed value of your property. The tax rate applies to each $1,000 of net taxable value and the rate is different depending on the class of property you own.

Property tax calculation

This amount of municipal tax payable by a property owner is calculated as: (mill rate X assessed value)/1,000 .

Several public agencies (e.g. CRD, BC Transit and Provincial of BC) affect the property tax rate and the amount of property tax collected by the township each year.  While the township collects taxes on behalf of these agencies, it does not have control over the applicable tax rates. 

Payment

See the several payment options available to you on our payment page. More 

Home owner grant

Property owners who occupy a property as their principal residence may be eligible for a Provincial home owner grant. Learn more on the Government of B.C. website. You must claim your home owner grant every year you are eligible.

Property tax notices

Property tax notices for the current year are mailed to property owners during the third week of May. Property taxes are due and payable on the first business day in July each year.  You are responsible for the taxes on your property, even if you have not received a tax notice.

Outstanding taxes and penalties

A penalty of 10% is applied to outstanding current year taxes at the close of business on the due date. Ensure that you claim your home owner grant each year to avoid a 10% penalty on this outstanding amount. More

Property assessment

Property assessment in British Columbia is the responsibility of the British Columbia Assessment Authority. Any questions about the assessment of property in Esquimalt should be directed to BC Assessment. More