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Blog by Linda M Linfoot

How the Property Tax Rate Set

May 30th, 2014
HOW THE PROPERTY TAX RATE SET

(Don't forget to claim your grant even if your lender is collecting your property tax for you.)

When the annual budget is adopted by city council for the current year, City Council passes a rating bylaw.
This bylaw sets a levy rate for every taxable parcel of land, as defined on the BC Assessment roll. This levy must be sufficient to raise enough revenue to ...