Property Taxes

Houses in a neighbourhood with a tree line in the background.

Home Owner Grants

The Provincial Home Owner Grant program helps reduce the amount of residential property taxes homeowners pay on their primary residences. Please note applications must be made through the BC Provincial Government.

General tax information

Are our property taxes higher compared to other BC communities?

One of the more widespread claims floating around on social media is that Prince George residents more in property taxes compared to other BC municipalities on houses of comparable value. 

But that's not true.

The plain facts

The size, location, and type of home purchasable in Prince George is different from what that same amount of money can buy in Kamloops, Kelowna, and Nanaimo. The best way to compare property tax rates in our city to those in other cities is to first find out what the average home price is in each community and then compare taxes on those homes.

For example, if you take a $500,000 home in Prince George and set it down in Kelowna, the value of that home would likely be reassessed immediately to $1,000,000. However, the 2021 residential tax rate in Kelowna is exactly half that of Prince George. As a result, this home would pay the same amount of tax in either city using the assessed values.

The reverse is true as well. In 2020, the cheapest houses were in Cache Creek where they averaged $150,000. Property owners still paid $2,061 in taxes, which is comparable to the provincial average.

Here's the bottom line

The tax rate per $1,000 of assessed value is just as important as the individual property value. Comparing tax rates between cities is not a fair comparison without also considering the average home price.