| Share | Rate | On $2,000,000 |
|---|---|---|
| Municipal | 0.39% | $7,885 |
| Regional | 0.12% | $2,313 |
| Education | 0.12% | $2,344 |
| Total | 0.63% | $12,542 |
| City | Rate | On $2,000,000 |
|---|---|---|
| Penticton | 0.58% | $11,596 |
| Peachland | 0.59% | $11,856 |
| Esquimalt | 0.63% | $12,542 |
| Duncan | 0.70% | $13,942 |
| Nanaimo | 0.73% | $14,624 |
In practice, in Esquimalt a building bought at $2,000,000 ends up taxed on that price, or $12,542 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.
Esquimalt's rate is 0.63%. On a $2,000,000 plex that is $12,542 a year.
BC Assessment reassesses every property every year, at market value as of the previous July 1.