Click here for 2017 Tax Rates.
My Property Assessment Went Up. How Does This Affect My Property Taxes?
The value of your property is assessed by the B.C. Assessment Authority yearly.
Each January, BC Assessment Authority mails property assessment notices to the owners of 2+ million properties in the province. The notice contains your assessed value, which is the estimated market value of your property as of July 1st of the previous year, the property classification, and tax exemption status.
In Ladysmith, residential property assessments rose by 16.66 per cent for 2018, while assessments for business/other classes went up by 9.61 per cent. However, this does not mean that your property tax will automatically increase. Here is how to tell if you property taxes will go up: if your assessment has increased more than the average assessment increase in your property class, then it is likely you will see a higher tax increase. The diagram below is taken from the BC Assessment website.
**The diagram above assumes that there are no changes in the budgetary requirements of your taxing authority and/or any other taxing agency (from BC Assessment).
If you disagree with your property tax assessment, you must file an appeal with BC Assessment by January 31.
You can call 1-866-825-8322, or complete the form at the following link, which also gives full information about the appeal process:
Ladysmith's preliminary budget was set by Council in December, before the property assessment notices were published. The budget of $7,961,111 is just less than three per cent higher than in 2017. The total amount of property taxes to be raised includes our contributions to the Cowichan Valley Regional District, School District 68 and the Vancouver Island Regional Library. Once that figure is known, before May 15, Council will be able to calculate the amount of property taxes to be collected in each property class to meet the budgeted expenditures. To learn more about how your property assessment will impact your property taxes visit:
Questions relating to your property assessment should be referred to the B.C. Assessment Authority in Nanaimo (#300 - 125 Wallace Street, Nanaimo, BC V9R 5B2) at 1.800.977.2775 or 250.753.6621. For more information on the B.C. Assessment Authority, visit the BC Assessment website.
The 2018 Property Tax bills will be mailed by mid May.
If you missed claiming the 2017 Home Owner Grant, you can apply for it by filling out the Retro-Active Home Owner Grant and bringing it to City Hall before December 31, 2018.
2017 Home Owner Grants not claimed by July 4, 2017 were levied a 10% penalty on the outstanding balance.
Property Tax Payment Options:
electronically at participating financial institutions;
in person at City Hall (cash, cheque or Interac);
at most financial institutions in Canada or;
by mail. Please Note: Postmarks are NOT accepted as date of payment.
If you have any questions regarding your Tax Notice, or have not received it by mid June, please contact Camelia at firstname.lastname@example.org or 250.245.6414 ext. 6206.
Property Tax Prepayment Plan
Property owners may prepay their property taxes for the following year by making monthly payments, in accordance with the provisions of Town of Ladysmith Property Tax Prepayment Plan Bylaw 2014, No. 1851. For more information and/or to sign up, download the Property Tax Prepayment Plan Agreement. If your banking information changes or you would like to change the amount of your monthly payments please fill out the Pre-Authorized Debit- Change of Information.
The British Columbia Home Owner Grant Program is designed to reduce the residential property tax burden for registered owners who live on their property. To find out more about the home owner grant program, visit the Ministry of Finance website.
Ladysmith property owners can choose to apply for their Home Owner Grant online for the current year. This service is available from approximately the middle of May until December 31, any time of day and from anywhere there is internet access, even if you are on vacation. You will need two numerical pieces of information in order to access your account and apply for the grant: a roll number and personal access code.
You can find both these numbers on the top right portion of your annual tax notice. If you do not have your tax notice please contact the Financial Services department at 250.245.6414 ext. 6206 or email email@example.com
If you missed claiming the 2016 Home Owner Grant, you can apply for it retroactively, by filling out a Retro-Active Home Owner Grant, and bringing in two of the documents asked for at the bottom of the form to City Hall.
Accessing your Property Information
You can access your property information by following the link, and using your Roll and Access Code found on the top right corner of your tax notice. If you need help or cannot find these numbers, you can call City Hall at 250.245.6400.