property tax

[[j]nBk]

how can i calculate my property tax? i live in richmond.

[nabs]

im not sure if u can calculate it. however if you go to city hall they can tell you how much the property tax was the last time it was payed.

[wouwou]

It's called TAX for reason, it's not up to you.

[cdizzle_996]

wow..

[mpr]

Property Tax is based on the following criterias. Base on a formula the goverment will derive the amount you will pay for property tax.

Municipal tax – is set by council and staff in the local government’s annual budget process and is based on revenue needs for infrastructure and services.

Regional district tax – is set by the regional districts for key services such as regional water and sewage treatment. For example, Metro Vancouver tells their local governments what their revenue needs are, and the local governments collect on their behalf. In rural areas, the province (Surveyor of Taxes) collects for regional districts.

School tax – is set by the BC Government to fund schools and varies by local government. It’s paid by residential and non-residential property owners.

Hospital tax – is set by the regional hospital districts to help partially fund local health facilities. For example, in Metro Vancouver hospitals are funded by the province, not by property taxes. Outside Metro Vancouver, hospital taxes are still levied.

Other taxes – are set by local taxing authorities and collected by the local government to fund BC Assessment, the Municipal Finance Authority and TransLink.

[tiger_handheld]

how much did you pay last year?
do you think your house went up in value? if it did, you will pay more tax.

if you want to budget, take amount from last year + $2-300 for this year.

if you recently bought the house, and don't know what you paid last year -- call the your real estate agent, and get them to look it up for u ( they have this on MLS under "property tax" )

or if you want exact - take a stroll to rmd city hall -- the weather is nice..

[[j]nBk]

cool. but basically it's dependent on how much the property was assessed at. thanks.

[Wanton0]

http://www.richmond.ca/services/property/property.htm

Property taxes are based on the assessed property values as per the City of Richmond's property assessment. You multiply this value by the applicable tax rates.