Residential Property Taxes

Residential property tax is calculated through a joint provincial/municipal process that involves the market value of property and the municipal tax rate.

Market Value x Tax Rate = Property Tax

Market 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 market 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 each will need to meet expenses in their jurisdiction. They then divide the revenue figure by the total assessed value of all properties in their jurisdiction to arrive at a tax rate.

Note - An increase in property assessment does not always translate into an increase in taxes. An assessment increase will only increase taxes if the specific assessment increased at a higher rate than the average increase in the community.

Questions or concerns regarding residential property tax in Kitimat can be forwarded to the Finance Department at 250-632-8900.

2010 Property Taxes

Info Bulletin and more information about current year's taxes is provided on the Municipal Hall/Public Notices page.