Tax rates determine how much property tax you pay, based on the assessed value of your property. The tax rate applies to each $1,000 of assessed value. BC Assessment generates property assessments for all properties in B.C. every January.
District of Saanich General Tax Rate
Saanich Council sets the tax rates after it adopts the annual budget each year. The budget sets out how much total tax revenue needs to be raised.
BC Employer Health Tax Levy
New BC Employer Health Tax Levy
The Province of BC has implemented an Employer Health Tax to replace Medical Services Plan Premiums to fund provincial health services. This new tax resulted in a 1.5% increase to Saanich property taxes. You will see exactly how much this impacts your property taxes by referring to the “BC Employer Health Tax Levy” on your tax notice. To determine whether you will be paying more or less under this new provincial model to fund health services, use the chart below to guide you with the calculation.
Example of a family of four who pay their own premiums and have a house assessed at the average of $924,100. In this example, the family saved $900 in 2018, $861 in 2019 and a total of $1,760 by 2020.
Note: MSP Premiums were reduced by 50% in 2018 and will be eliminated completely in 2020.
Compare the amount you were paying in 2017 in MSP Premiums to the amount you are now paying for the EHT Levy as shown on your tax notice. The difference will be your total annual savings once the MSP premiums are eliminated. If you do not pay for your MSP Premiums, your property tax increase is a net new cost to you.
Other taxing authorities
In addition to municipal taxes, Saanich collects funds for:
- BC Government (School Districts)
- Capital Regional District
- Capital Regional Hospital District
- BC Assessment
- BC Transit
- Municipal Finance Authority
These tax rates are established by each agency. Saanich collects the funds and passes them on.
Different tax rates are set for each property class.