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Feb 8, 2010

Property Tax Information

The value of your property, as assessed by the B.C. Assessment Authority, is multiplied by the tax rates as set out by each of the taxing jurisdictions to determine your property taxes. Questions relating to your property assessment should be referred to the Assessment Authority office in Nanaimo (#301 - 495 Dunsmuir Street, Nanaimo, BC V9R 6B9) at 1-800-977-2775.

In Parksville, for 2008, the average assessed value increased by 10.7% for residential property and 8.7% for commercial properties. Changes in actual property taxes payable will depend upon how the actual assessed value for a property changed in relation to the average. Property taxes in 2008 for the average single-family residential property increased 2.66% or $60.46.

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