Property Taxes & Assessments
PROPERTY TAXES ARE DUE the first business day after July 1st every year.
** A 10% penalty will be added to current property taxes outstanding after the annual due date. **
It is a requirement of the Local Government Act that these penalties be added. The District has no authority to either waive or modify these penalty amounts.
If you wish to defer your tax payment, please click HERE for information about eligibility and how to apply.
To view Property Tax Payment Methods, please click HERE
If Your Property Taxes Are Paid by a Mortgage Company/Financial Institution
- It is the sole responsibility of the property owner to complete the Homeowner Grant application every year (if eligible).
- To access the grant application, please click HERE
- To view information about the new method for claiming your homeowner grant please click HERE
- Your mortgage company is advised of property taxes payable only.
Why have my property taxes increased?
The following factors may affect the amount of your tax bill:
- Increase in the Tax Rate
- Change in Assessment Values
- Increase in Taxable Value
- New or increased Utility charges
- New Local Improvement charges
- Changes in Home Owner Grant status
The Relationship Between Property Assessment and Municipal Property Taxes
Municipal governments use property assessments to determine what tax rate they must set to raise the revenue needed to pay for public services, such as police and fire protection, parks and recreation, road improvements and new infrastructure. Property assessment and taxation is a two-part process:
- First, BC Assessment determines the market value of properties and sends property owners a Property Assessment Notice. If you are a property owner, you will receive this notice in January of each year.
- Secondly, tax authorities like municipal government, set tax rates that are applied to the assessed value and send property owners a Tax Notice.
Given the relationship between property assessment and municipal property taxes, many property owners believe that a high property assessment increase means high increases in property taxes. This is not necessarily the case. If the District's operating budget is $1.5million, for example, it will be $1.5 million whether the average residential property is worth $100,000 or $200,000. The value of the properties does not determine the costs of the District's programs and services.
Being a resident of the District of Stewart has its privileges. Some of the services that are offered to residential and commercial property owners include: garbage collection, street sweeping, snow plowing, parks and recreation.
Property Taxes
General property taxation is the single most important source of revenue for Local Governments. Each year, Council must project the net amount of funds required through property taxes to support local services. General municipal tax rates are set during the budget process. Property tax notices are mailed in mid-May for the calendar year of January 1 through to December 31. The general municipal tax rate, together with the assessed value and classification (property use - i.e. residential, commercial, industry, farm, etc.) of the taxable property, determines the taxation for each property.
Property taxes cannot be appealed. Only property assessments, on which taxes are based, are subject to appeal through the BC Assessment Authority (BCAA). Therefore, it is important to review your annual assessment notice when you receive it and report any concerns to them by January 31st of each year. Annual assessment notices are mailed by BCAA on December 31st for the subsequent year. In British Columbia, property assessments reflect market values effective July 1st of the preceding year.
The average Property tax per household in the District of Stewart: is $1522. This total Includes:
- the Municipal portion,
- Regional District,
- NW Regional Hospital,
- Regional Hospital District
- BC Assessment Authority,
- Municipal Finance Authority,
- Police and
- School Tax
- Sewer, water and road frontage
Contact information for BC Assessment is as follows:
BC Assessment - Northwest Region
100 - 4545 Lazelle Avenue
Terrace, BC V8G 4E1
Toll Free: 1-866-825-8322
To access BC Assessment's Contact Information, click HERE
If your mailing address has recently changed and you'd like to update it with BC Assessment, click HERE
To find assessed values on properties using street addresses or roll numbers, please click HERE