The City of Campbell River is located on the east coast of northern Vancouver Island and is home to over 36K residents. The population of Campbell River increased by 7.6% from 2016 to 2021. The real estate market in Campbell River consists of a mix of vacant land, single-family homes, older homes, starter homes, and condos. The average price of a home in Campbell River in August 2023 was $693,925. Based on data from the Vancouver Island Real Estate Board, the benchmark price of a single-family home in Campbell River in August 2023 was $674K, an increase of 0.4% from August 2022. Meanwhile, the benchmark price of apartments in the same month was $347K, up by 3.1% from the previous year.
Campbell River property tax is based on the assessed value of your home. Every year, the BC Assessment conducts an evaluation of properties all over British Columbia. This assessed value can differ significantly from the market value of your property.Your final property tax amount is calculated by multiplying the Campbell River final property tax rate for the year by the BC Assessment value.
You can calculate your property tax using either your home's assessed value or your home's most recent market price. Just enter the price and type of your property, and we will give you an instant property tax estimate.
I know my home’s BC Assessment value
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City | Final Tax Rate |
---|---|
Courtenay | 0.493650 % |
Port Alberni | 0.678035 % |
Parksville | 0.560370 % |
Sechelt | 0.542099 % |
If you own or lease property or mobile homes in BC, you will be subject to paying property tax annually. The tax, paid to the municipality with rates varying based on the municipality you are in, is responsible for funding services such as police and fire protection, garbage collection, schools, and hospitals.
At the beginning of the year, you will receive a property assessment notice informing you of the property value as of July 1st of last year. You will then receive a tax notice that calculates how much tax you owe based on the assessed value, and it will then be your responsibility to pay the amount to the municipal office before the deadline.
The amount of property tax and its rates are based on how much funding is needed to provide services for the year; for example, if your community decides to start a new service, the higher cost may be reflected in your taxes. The amount also depends on other factors such as property classification and location.
Generally, your tax will consist of a Municipal Tax as determined by your municipality and a School Tax determined by the number of residences and their values in your district.
Residential Property Tax Rate for Campbell River from 2018 to 2024 | |||
---|---|---|---|
Year | Municipal Rate | Educational Rate | Final Tax Rate |
2024 | 0.319730% | 0.133910% | 0.573307% |
2023 | 0.322258% | 0.133910% | 0.558529% |
2022 | 0.310926% | 0.132612% | 0.562082% |
2021 | 0.394646% | 0.174490% | 0.725107% |
2020 | 0.407786% | 0.182120% | 0.772024% |
2019 | 0.429452% | Not Available | Not Available |
2018 | 0.483450% | Not Available | 0.998410% |
For any questions or inquiries about your property tax rate or property tax bill, you can reach out to the city of Campbell River's property tax department through the following methods:
Phone number | 250-286-5715 |
---|---|
taxes@campbellriver.ca |
For any questions or inquiries about your property tax rate or property tax bill, you can reach out to the city of Campbell River's property tax department through the following methods:
Phone number |
---|
250-286-5715 |
taxes@campbellriver.ca |
Campbell River at a Glance | |
---|---|
Province | British Columbia |
Settled Year | 1792 |
Established Year | 1855 |
Incorporated Year | 1947 |
Population | 35,519 |
City Area | 144.36 km 2 (55.74 sq mi) |
Official Website | Campbell River Official Website |
Every year, your property will be assessed by BC Assessment to determine its value, classification, and any exemptions it may be applicable for. The aspects used for the assessment include location, size, shape, usage, and age. Each year, the value of your property may increase or decrease depending on factors such as changes to its classification, market fluctuations, and renovations. If there are issues with the assessment, you may contact BC Assessment or have an independent appeal to the Property Assessment Review Panel (PARP).
Homeowners may find that the assessed value of their property differs significantly from its market price. There is also no way to retrieve and compare the assessed value of other properties.
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