Property Tax Information

Property taxes are levied each year around mid-May and billed for the calendar year. The money raised from the property taxes are critical to funding local programs and services, such as:

  • Police and fire protection
  • Emergency rescue services
  • Road construction and maintenance
  • Recreation and community centres
  • Parks
  • Libraries
  • Schools
  • Hospitals

The tax rates are based on the funds needed to provide services for the year and are set to determine how to share the cost of providing the services. 

Property tax payments are due on July 3, 2023. For ways to pay your property taxes, please visit the Payments page. 

Frequently Asked Questions

The Relationship Between Property Assessment and Property Tax

A significant increase in the assessment (property value) does not necessarily mean a significant increase in property tax. The important factor is how the assessed value changed relative to the average change in the property class.

For example:

The average increase in assessed value for a single-family residence in 2022 was 32.10% due to market change. The tax increase for 2022 is 6%.

  • If the property increased in value greater than the market change of 32.10%, you will likely see an increase in your municipal taxes of greater than 6%
  • If the property increased in value equal to the market change of 32.10%, your municipal taxes will likely increase at the average of 6%
  • If the property increased in value less than the market change of 32.10%, you will likely see a decrease in your municipal taxes of less than 6%

BC Assessment provides a great infographic on the relationship between the assessment and the property taxes.

*Please note that the tax increase of 6% relates to the City's tax rate only and does not take in consideration the rate change for other organizations the City collects on behalf of. 

Property Tax Notice

Property tax notices are mailed at the end of May. If you do not receive your property tax notice by the second week of June:

  • Visit MyCity to access a PDF copy online.
  • Contact the Finance Department at property.info@nanaimo.ca

The MyCity account allows you to access your City account information online and provides you with easy access to current and past notices, transaction history, property assessment and more. Register for MyCity.

Consequence of Unpaid Taxes

Current year outstanding taxes after the due date are subject to penalty(s). Any remaining balance outstanding at January 1 will accrue daily interest. 

Unpaid user rates at December 31 are transferred to property taxes on January 1 and are treated like outstanding taxes.

If taxes are unpaid for three (3) consecutive years, the property will be sold at the City's Annual Tax Sale held on the last Monday of September.

Home Owner Grants

The Home Owner Grant (HOG) reduces the amount of property tax you pay for your principal residence. This program is administered by the Province of BC.

To apply and to learn more, visit the Province's website.

Deferment

Tax deferment is a low interest loan program that helps qualified homeowners pay their annual property taxes on their principal residence. For more information and to apply, visit the Province's website

2022 Tax Rates

2023 Tax Rates will be available by early June 2023.

Property Tax Classes & Rates

Class 01 - Residential: 6.0087 (decreased by 1.1644 from 2021 rate of 7.1731)

Class 02 - Utilities: 53.4718 (decreased by 4.7015 from 2021 rate of 58.1733)

Class 03 - Supportive Housing: 4.7806  (decreased by 0.8497 from 2021 rate of 0.8496)

Class 04 - Major Industry: 18.4373 (decreased by 1.2329 from 2021 rate of 19.6702)

Class 05 - Light Industry: 20.1868 (decreased by 1.4400 from 2021 rate of 21.6268)

Class 06 - Business/Other: 19.45721 (decreased by 1.4679 from 2021 rate of 20.9251)

Class 07 - Managed Forest Land: 26.9731 (increased by 1.7025 from 2021 rate of 25.2706)

Class 08 - Recreational/Non-Profit: 12.9319 (decreased by 1.2329 from 2021 rate of 0.3945)

Class 09 - Farm (Land): 4.8335 (increased by 0.0532 from 2021 rate of 4.7803)

Contact Us

Property Information 250-755-4415
property.info@nanaimo.ca

Last updated: January 24, 2023

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