| Share | Rate | On $2,000,000 |
|---|---|---|
| Municipal | 0.22% | $4,353 |
| Regional | 0.11% | $2,194 |
| Education | 0.11% | $2,135 |
| Total | 0.43% | $8,682 |
| City | Rate | On $2,000,000 |
|---|---|---|
| Squamish | 0.41% | $8,295 |
| View Royal | 0.43% | $8,535 |
| Sidney | 0.43% | $8,682 |
| Mission | 0.44% | $8,874 |
| Kelowna | 0.44% | $8,898 |
In practice, in Sidney a building bought at $2,000,000 ends up taxed on that price, or $8,682 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.
Sidney's rate is 0.43%. On a $2,000,000 plex that is $8,682 a year.
BC Assessment reassesses every property every year, at market value as of the previous July 1.