How taxes are calculated
The amount of money the District of Sechelt needs to collect to provide services is divided between all the properties in Sechelt. The value of the properties is determined by BC Assessment. To get the tax rate we divide the total amount needed to operate the town by the total valuation for all properties in Sechelt. Different rates, called multipliers, are applied for the different property classes. Council decides the multipliers for all property classes. The amount of tax each property equals the property value x tax rate x multiplier. BC Assessment created this video to explain the process.
- A 1% tax increase equals approximately $16.20 for each residential property
- A 1% tax increase adds about $96,000 to the budget
What happened last year?
For residential properties, the rate of 2.416% was required to create the operational budget. So the typical residential property would have seen a tax increase of approximately $39.14 last year. (2.416% x $16.20)
But wait - did your taxes seem higher than this? This is the Sechelt portion of taxes for 2020. The District of Sechelt also collects taxes on behalf of other jurisdictions.
All amounts collected by the District of Sechelt:
The cumulative increase for residential properties in the District of Sechelt was 5.86% for 2020. Only $0.39 of each tax dollar goes to the District of Sechelt.