| Share | Rate | On $2,000,000 |
|---|---|---|
| Municipal | 0.43% | $8,590 |
| Regional | 0.16% | $3,222 |
| Education | 0.14% | $2,812 |
| Total | 0.73% | $14,624 |
| City | Rate | On $2,000,000 |
|---|---|---|
| Esquimalt | 0.63% | $12,542 |
| Duncan | 0.70% | $13,942 |
| Nanaimo | 0.73% | $14,624 |
| Prince Rupert | 0.81% | $16,214 |
| Quesnel | 0.86% | $17,215 |
In practice, in Nanaimo a building bought at $2,000,000 ends up taxed on that price, or $14,624 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.
Nanaimo's rate is 0.73%. On a $2,000,000 plex that is $14,624 a year.
BC Assessment reassesses every property every year, at market value as of the previous July 1.