| Share | Rate | On $2,000,000 |
|---|---|---|
| Municipal | 0.30% | $5,903 |
| Regional | 0.02% | $485 |
| Education | 0.13% | $2,653 |
| Total | 0.45% | $9,041 |
| City | Rate | On $2,000,000 |
|---|---|---|
| Mission | 0.44% | $8,874 |
| Kelowna | 0.44% | $8,898 |
| Abbotsford | 0.45% | $9,041 |
| Maple Ridge | 0.45% | $9,072 |
| Pitt Meadows | 0.46% | $9,244 |
In practice, in Abbotsford a building bought at $2,000,000 ends up taxed on that price, or $9,041 a year. There is no hidden liability to watch for as in Ontario, and no bargain either: the gap between your assessment and your price closes within one roll. Plexmeter starts from your actual tax bill.
Abbotsford's rate is 0.45%. On a $2,000,000 plex that is $9,041 a year.
BC Assessment reassesses every property every year, at market value as of the previous July 1.