| Share | Rate | On $2,000,000 |
|---|---|---|
| Municipal | 0.27% | $5,322 |
| Regional | 0.13% | $2,542 |
| Education | 0.11% | $2,135 |
| Total | 0.50% | $9,999 |
| City | Rate | On $2,000,000 |
|---|---|---|
| Chilliwack | 0.47% | $9,335 |
| New Westminster | 0.48% | $9,586 |
| Central Saanich | 0.50% | $9,999 |
| Comox | 0.50% | $10,043 |
| Saanich | 0.52% | $10,402 |
In practice, in Central Saanich a building bought at $2,000,000 ends up taxed on that price, or $9,999 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.
Central Saanich's rate is 0.50%. On a $2,000,000 plex that is $9,999 a year.
BC Assessment reassesses every property every year, at market value as of the previous July 1.