Tax Rates

Property taxes are calculated through a joint provincial/municipal process that involves the actual value of property and the municipal tax rate.

Market Value x Tax Rate = Property Tax

Actual Value - BC Assessment establishes and maintains uniform real property assessments throughout British Columbia in accordance with the Assessment Act. The Act requires that BC Assessment produce annual rolls with assessments at actual value.

Tax Rate - Tax authorities, such as provincial and municipal governments, school and hospital boards, and regional districts, develop an annual budget to determine how much money will be needed to meet expenses in their jurisdiction. Each authority then divides the revenue figure by the total assessed value of all properties in their jurisdiction to arrive at a tax rate.

The District of Kitimat collects and distributes revenue to the tax authorities noted above. The amount being collected on behalf of each organization is shown on your property tax statement.

Note: A rise in assessed value does not always translate to higher property tax.  An assessment increase will mean higher taxes only on those parcels whose increase in property value (%) exceeds the community average.  Property taxes will drop for any property that increased in value at a below-average rate.

Please see the current District of Kitimat 2010 tax rates [PDF - 32 KB] for more information.