| Share | Rate | On $2,000,000 |
|---|---|---|
| Municipal | 0.23% | $4,666 |
| Regional | 0.04% | $818 |
| Education | 0.11% | $2,131 |
| Total | 0.38% | $7,615 |
| City | Rate | On $2,000,000 |
|---|---|---|
| Langley (Township) | 0.36% | $7,234 |
| Port Coquitlam | 0.38% | $7,551 |
| Langley (City) | 0.38% | $7,615 |
| Coquitlam | 0.39% | $7,704 |
| Metchosin | 0.39% | $7,776 |
In practice, in Langley (City) a building bought at $2,000,000 ends up taxed on that price, or $7,615 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.
Langley (City)'s rate is 0.38%. On a $2,000,000 plex that is $7,615 a year.
BC Assessment reassesses every property every year, at market value as of the previous July 1.