What property qualifies for a tax credit under the
Property in Class 4 - major industry qualifies for a credit equal to 60% of the property taxes imposed under the
Land in Class 9 - farm qualifies for a credit equal to 50% of the property taxes imposed under the
For more information on properties in these classes, see Classification of Property.
What is a tax credit?
A tax credit does not affect the value of property for the purposes of assessment, but it operates to reduce the amount of property tax that is payable.
For more information on school tax credits, visit the Ministry of Finance website.
What should I do if my property seems to be classified incorrectly?
- BC Assessment will be pleased to discuss any aspects of classification or valuation with interested customers. Please contact BC Assessment
- To estimate the impact that a classification change will have on your property taxes, prior year’s tax rates can be found at:
Current tax rates can be obtained by contacting your municipality or taxing authority.
Disclaimer: Where information presented is different from legislation, legislation shall prevail.