The City of Colwood calculates and prepares all property tax notices each year. Tax notices are issued near the end of May and tax payments are due on the first business day after July 1st.
2021 Property Taxes are due on July 2, 2021.
Claim your Home Owner Grant.
Find Ways to Pay Taxes.
Comparing Colwood's Tax Rate to Other Municipalities
How does Colwood stack up against other municipalities when it comes to tax rates? The national average residential property taxes per $1,000 of assessment for 2020 was $8.98 while the City of Colwood's rate was $5.35. The total taxes and fees levied in 2020 on a representative house in Colwood was $3,833, compared to the southern Vancouver Island average of $4,329.83. Get all the details in the Colwood Tax + Expense Benchmarks Report.
Calculating Property Tax Rates
Property taxation provides for city services and improvement projects. The property tax rate is set by Council each year. The tax rate, together with the assessed property value, determines the amount of property tax payable each year.
Where your tax dollars go
Less than half of the revenue from property taxes is controlled by the City of Colwood. Funds collected for other government agencies are simply passed on to them. This makes the system more efficient – residents receive a single tax notice rather than having each organization bill separately. Read more in the Property Tax Newsletter that will be attached to your tax notice.
The City collects approximately $30 million in property tax annually. Approximately $15 million is collected on behalf of other government agencies, including:
- 25.79% Province of BC and School Districts (Education)
- 9.85% Capital Regional District (Recycling, Sewage Treatment, Drinking Water)
- 4.03% West Shore Parks & Recreation Society (Sport, Culture and Recreation)
- 3.43% Capital Regional Hospital District (Health Care)
- 3.73% BC Transit (Transportation)
- 3.26% Greater Victoria Public Library (Juan de Fuca Branch)
- 0.76% BC Assessment Authority and Municipal Finance Authority.
The nearly $15 million that is retained by the City funds city services such as police and fire protection, street lighting, road and drainage maintenance, operating parks and recreational facilities, and planning and managing city developments and enhancements.
Colwood Financial Plan, Official Community Plan and Strategic Plan
The Colwood Financial Plan (2021-2025) outlines the City's goal of delivering a high level of service that strikes a balance between affordability for citizens and community building initiatives that will improve quality of life while expanding our tax base.
Colwood's overall direction for the future is detailed in the Official Community Plan. The new draft Colwood Official Community Plan which reflects input from more than 1400 direct interactions with residents and stakeholders. Read the draft now and learn more about the process at: www.colwood.ca/OCP
Council has set out the City's priorities for the next four years in the 2019-2023 Strategic Plan. They focus on four goal areas: Mobility, Prosperity, Governance and Vibrancy .
Need more information?
Please contact the Colwood Finance Department at email@example.com or 250-294-8150