Cost of Buying | Ongoing
Property Tax and the Home Owner Grant
An annual cost that follows the assessed value rather than what you paid, which is why the figure on a listing is often not the figure you will pay.
The short answer
Your bill is the assessed value multiplied by the municipal rate plus regional levies. It follows BC Assessment's valuation, not your purchase price. The home owner grant reduces the bill on a principal residence, subject to an assessed value threshold, and it must be claimed each year.
Every newly built townhouse, half duplex, and row house on the market
1,322 active listings
- Median list price
- $1,358,000
- Median price per sq ft
- $812
- Median size
- 1,607 sq ft
- Median strata fee
- $373
- Median annual property tax
- $4,186
typical range $845,210 to $2,197,200
typical range $482 to $1,252
typical range 1,208 sq ft to 2,697 sq ft
typical range $225 to $642
609 of 1322 listings state one
typical range $1,888 to $7,463
418 of 1322 listings state one
Measured across 1,322 active listings on .
Where these homes are
Click a pin for the photo, the price, and a Street View link.
300 of 1,322 homes plotted. 943 more have coordinates but were left off to keep the map readable. The ones shown are spread evenly across the price range rather than taken from one end. 79 listings have no coordinates in the feed and cannot be placed. Click a pin for the photo, the price, and a Street View link. Zoom with the plus and minus buttons or by pinching.
Homes behind these numbers
$399,900133 601 HARRISON AVENUE
Coquitlam West · 1 bed · 431 sq ft
$449,900SL 1 320 N NANAIMO STREET
Hastings Sunrise · 1 bed · 572 sq ft
$555,000111 7161 17TH AVENUE
Edmonds · 1 bed · 626 sq ft
$569,000C 7533 WREN STREET
Mission · 2 bed · 941 sq ft
$579,900151 2451 N GRANDVIEW HIGHWAY
Renfrew Heights · 1 bed · 490 sq ft
$584,9009 7300 COPPERWOOD STREET
Lower Landing · 3 bed · 1,560 sq ft
$599,0001726 TEMPLETON DRIVE
Grandview-Woodland · 1 bed · 559 sq ft
$609,90062 8430 NOTTMAN STREET
Mission · 3 bed · 1,420 sq ft
$619,9002 595 E 49TH AVENUE
Fraser Street · 2 bed · 645 sq ft
$624,90023 33525 KINGSTON AVENUE
Poplar · 3 bed · 1,272 sq ft
$629,9003 2886 MONTROSE AVENUE
Central Abbotsford · 2 bed · 1,275 sq ft
$629,9008 7300 COPPERWOOD STREET
Lower Landing · 3 bed · 1,611 sq ft
1,307 more active listings are not shown here. Search every active listing . Prices are the list price. Most new homes have GST added on top.
How the bill is built
BC Assessment values every property annually. The municipality sets a rate, and levies for the region, transit, and schools are added. The bill is the product of those.
Buying does not reset the assessment to your purchase price. Two neighbours who paid very different amounts in different years can have near-identical bills.
Why a new home's stated tax can mislead
A home finished in the last year or two may not have been assessed as a completed building yet. The figure on the listing can reflect bare land, or the house that stood there before.
That pushes the stated amount down in a way that has nothing to do with what you will pay once the finished home is assessed. Treat listing figures as indicative and get the real number from BC Assessment and the municipality.
The home owner grant
A provincial reduction on the bill for a principal residence, subject to an assessed value threshold above which it phases out. In a region with high assessed values, plenty of homes sit above it.
It is not automatic. It has to be claimed each year, and people do forget.
Read next
Common questions
Does my property tax change when I buy?
Not because of the purchase. The bill follows BC Assessment's valuation and the municipal rate, and buying does not reset the assessment to your purchase price. A newly completed home usually does see its assessment rise once the finished building is assessed rather than just the land.
Why is the tax figure on the listing so low?
On a newly built home it may reflect the land before the home existed, or the house that was there before, because a full year of assessment has not yet happened. Get the real figure from BC Assessment and the municipality.
What is the home owner grant?
A provincial reduction on property tax for a principal residence, subject to an assessed value threshold above which it phases out. It must be claimed each year and it is not applied automatically.
Where these figures come from
- BC Assessment
Assessed values, which drive the municipal property tax bill.
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- Government of BC, home owner grant
Reduces annual property tax on a principal residence, subject to an assessed value threshold.
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Work the numbers on a real home
Every figure here comes from government sources and from listings you can open. Search the market and check the costs against a specific price rather than a hypothetical one.