Powell River Property Tax Calculator 2021

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The City of Powell River is located in the Qathet Regional District of BC. The real estate prices in Powell River have decreased by 7% from February 2019 to February 2020 and the average price of a house in Powell River is $353K. Based on data from the Powell River Sunshine Cost Real Estate Board, real estate sales volume doubled from October 2019 to October 2020 and set a new high for the Powell River real estate market. Single-family detached houses are by far the most common property type sold on the Powell River real estate market, followed by condos, apartments, duplexes, and mobile houses. Although new listings have increased in October 2020, this was not enough to keep up with the pace of homes being sold, which resulted in decreased real estate inventory and increased prices of homes in Powell River. Powell River property tax rates are the 37th lowest property tax rates in BC for municipalities with a population greater than 10K.

Powell 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 Powell 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.

BC Assessment Value of the Property
2020 Property Tax Value
$4,9584.96k
2020 Residential Property Tax Rate
0.991600 %

2020 Tax rates for Cities Near powellriver

City Final Tax Rate
Courtenay0.622420 %
Campbell River0.772024 %
Parksville0.649580 %
Nanaimo0.711520 %
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Powell River Property Taxes

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 Powell River from 2018 to 2020
YearMunicipal RateEducational RateFinal Tax Rate
20200.555600%0.206800%0.991600%
20190.512200%0.205600%0.872600%
2018 0.520415%Not Available0.924920%
Based on city of Powell River official website: check source

Powell River Property Tax Department Information

For any questions or inquiries about your property tax rate or property tax bill, you can reach out to the city of Powell River's property tax department through the following methods:

Phone number
604-485-6291
Email
info@powellriver.ca
Powell River at a Glance
ProvinceBritish Columbia
Settled Year1908
Established Year1912
Incorporated Year 1955
Population 13157
City Area28.91 km 2 (11.16 sq mi)
Official WebsitePowell River Official Website

Property Taxes in B.C. for a $500K B.C. Assessed Value Home*

Property Taxes in B.C. for a $500K B.C. Assessed Value Home

Assessed Value of a Property

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.

This calculator is provided for general information purposes only. This calculation may not include any special charges, levies or fees. Results are approximations only. For official and the most up-to-date information, please see your porerty tax bill or contact the relevant taxation authority of your region.