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2021 Tax Rates 2021 Property Tax Insert Access to online tax accounts
The Town of Ladysmith is only responsible for determining a portion of your overall property taxes. Altogether, 43.15 per cent of your bill is set by other agencies to pay for services like Schools, the Vancouver Island Regional Library, the Cowichan Valley Regional District and the Cowichan Regional Hospital fund. Sewer and water parcel taxes make up 20.31 per cent of taxes we collect and help to ensure the Town’s infrastructure is properly maintained.
*Click on pie chart to expand.
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 7% for 2021, with the average single-family home assessed at $476,000. 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.
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.
Starting January 1, 2021 municipalities will no longer accept retroactive or current year Home Owner Grant applications. For more information please visit www.gov.bc.ca/homeownergrant
2020 Property Taxes are due July 2, 2020 and the penalty date for late payments is October 1, 2020.
Property Tax Payment Options:
If you have any questions regarding your Tax Notice, please contact City Hall at 250.245.6400.
If you are moving please update your information with BC Assessment: https://info.bcassessment.ca/Services-products/update-your-property-information