| Share | Rate | On $2,000,000 |
|---|---|---|
| Municipal | 0.38% | $7,577 |
| Regional | 0.05% | $1,078 |
| Education | 0.15% | $2,940 |
| Total | 0.58% | $11,596 |
| City | Rate | On $2,000,000 |
|---|---|---|
| Qualicum Beach | 0.55% | $11,070 |
| Victoria | 0.57% | $11,312 |
| Penticton | 0.58% | $11,596 |
| Peachland | 0.59% | $11,856 |
| Esquimalt | 0.63% | $12,542 |
In practice, in Penticton a building bought at $2,000,000 ends up taxed on that price, or $11,596 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.
Penticton's rate is 0.58%. On a $2,000,000 plex that is $11,596 a year.
BC Assessment reassesses every property every year, at market value as of the previous July 1.