Property Tax Rates
Property tax rates are the rate used to determine how much property tax you pay, based on the assessed value of your property. The tax rate applies to each $1,000 of net taxable value.
The property tax rate is different depending on the class of property you own.
2018 General Municipal Tax Rates for Property Classes
|3 Supportive Housing||3.9255|
|4 Major Industry||6.5551|
|5 Light Industry||6.5551|
|6 Business & Other||6.5324|
|7 Managed Forest Land||6.5324|
See the full 2018 Tax Rate table here [PDF - 18 KB]
See the 2018 Tax Rates bylaw here [PDF - 2.4 MB]
How Property Tax Rates are Set
Property tax rates are set by:
- A general levy from the City
- Levies from other taxing authorities
City of Penticton General Levy
The general levy is:
- Based on a rate that applies to each $1,000 of net taxable value by property class
- Set for every taxable parcel of land, as defined on the BC Assessment roll, in a general purpose taxes rating bylaw
See the City of Penticton Property Taxation Distribution policy here [PDF - 164 KB]
Levies from Other Taxing Authorities
To reduce the overall administrative cost of billing and collecting these other property taxes, we include these levies on the main tax notice sent to property owners each year.
Property tax rates from previous years
View historical tax rates for residential, utilities, supportive housing, major industry, light industry, business, recreational and non-profit, and farm properties: