| Share | Rate | On $2,000,000 |
|---|---|---|
| Municipal | 0.33% | $6,549 |
| Regional | 0.08% | $1,509 |
| Education | 0.12% | $2,344 |
| Total | 0.52% | $10,402 |
| City | Rate | On $2,000,000 |
|---|---|---|
| Central Saanich | 0.50% | $9,999 |
| Comox | 0.50% | $10,043 |
| Saanich | 0.52% | $10,402 |
| Langford | 0.53% | $10,671 |
| Courtenay | 0.54% | $10,817 |
In practice, in Saanich a building bought at $2,000,000 ends up taxed on that price, or $10,402 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.
Saanich's rate is 0.52%. On a $2,000,000 plex that is $10,402 a year.
BC Assessment reassesses every property every year, at market value as of the previous July 1.