| Share | Rate | On $2,000,000 |
|---|---|---|
| Municipal | 0.31% | $6,208 |
| Regional | 0.05% | $909 |
| Education | 0.12% | $2,470 |
| Total | 0.48% | $9,586 |
| City | Rate | On $2,000,000 |
|---|---|---|
| Lake Country | 0.46% | $9,271 |
| Chilliwack | 0.47% | $9,335 |
| New Westminster | 0.48% | $9,586 |
| Central Saanich | 0.50% | $9,999 |
| Comox | 0.50% | $10,043 |
In practice, in New Westminster a building bought at $2,000,000 ends up taxed on that price, or $9,586 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.
New Westminster's rate is 0.48%. On a $2,000,000 plex that is $9,586 a year.
BC Assessment reassesses every property every year, at market value as of the previous July 1.