Understanding Property Taxes
The District of Tofino provides residents with many services which include building and development, parks, recreation, childcare, and protective services including bylaw, fire protection, and emergency planning.
Property taxes are one the District’s main sources of revenue to pay for the services provided. District Council determines the budget required to provide the services and a municipal tax rate is set to collect the necessary taxes.
On your Property Tax Bill there are levies from the Province of BC for school taxes and for other regional bodies including the Alberni-Clayoquot Regional District, Regional Hospital District, BC Assessment Authority, Regional Library, Municipal Finance Authority, and Police. These taxing authorities determine the amounts payable and the District collects on their behalf, remitting 100% of what is collected.
Property tax rates are applied to each $1,000 of taxable assessed value. To calculate your property taxes, take the assessed value of your property, divide by 1000 and multiply by the tax rate for the appropriate class.
Municipal Property Tax Rates
District Council determines the budget it needs to provide services to residents and businesses. Each year in May, a Property Tax Rate is set to collect the necessary taxes to pay for the many important services provided.
- Click here for 2019 Tax Rates
- Click here for 2018 Tax Rates
- Click here for 2017 Tax Rates
- Click here for 2016 Tax Rates
For historic tax rates please contact the District office.
How does my Property Assessment impact my Tax Bill?
Source: BC Assessment
If the value of my property increases, does the District get extra revenue?
Changes in property values do not change the overall tax levy.
The overall tax levy is set annually by Council by determining the revenue required from property taxes to cover the annual budget. The rates are then developed based on applying the overall budget amount proportionately; there is a different tax rate for each of the nine property classes.
Tax Deferment programs are administered by the Province of British Columbia. For further information about the programs, please contact the Province of BC - Property Tax Deferment Programs.
To help you answer your questions and provide a fulsome picture of Tofino's Five Year Financial Plan, we've created the "2019 Tofino Tax Guide" with information about our priorities, challenges, and plans for the next five years. This guide will be mailed with all Property Tax Notices.