Property Tax Rates
The value of a property for taxation purposes is determined by BC Assessment, an organization that is independent from the municipality. Provincial and local governments use property assessments to determine what tax rates may be required to ensure the revenue needed to pay for public services. View this information from BC Assessment designed to provide an explanation, or visit BC Assessment on YouTube for additional videos.
The tax rate together with the assessed value of a property determines the amount of property tax payable each year. Tax rates are expressed in dollars per thousand dollars of assessed value. For example, a tax rate of $5 per 1,000 means the property owner would pay $5 for every $1,000 of assessed value.
Property tax rates are set each year by Council following adoption of the Township of Langley’s Financial Plan. Property value taxes are based on the assessed value of land and improvements. Separate rates are established for each class of property. View the tax rates by year: