| Share | Rate | On $2,000,000 |
|---|---|---|
| Municipal | 0.18% | $3,685 |
| Regional | 0.04% | $900 |
| Education | 0.11% | $2,270 |
| Total | 0.34% | $6,855 |
| City | Rate | On $2,000,000 |
|---|---|---|
| Burnaby | 0.33% | $6,567 |
| Vancouver | 0.34% | $6,728 |
| Surrey | 0.34% | $6,855 |
| Richmond | 0.35% | $7,077 |
| Langley (Township) | 0.36% | $7,234 |
In practice, in Surrey a building bought at $2,000,000 ends up taxed on that price, or $6,855 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.
Surrey's rate is 0.34%. On a $2,000,000 plex that is $6,855 a year.
BC Assessment reassesses every property every year, at market value as of the previous July 1.