Property Tax Information

2024 Property Tax Rates Property Tax Estimator
Home Owner Grant Application Home Owner Grant Eligibility
2024 Property Tax Insert
 CVRD 2024 Ladysmith Tax Brochure
Tax Certificates
 Access to Online Tax Accounts

Did you Know?

The Town of Ladysmith is only responsible for determining a portion of your overall property taxes. Altogether, 51 per cent of your bill is set by other agencies like Nanaimo-Ladysmith Public Schools, Vancouver Island Regional Library, and Cowichan Valley Regional District. Sewer and water parcel taxes make up 16 per cent of taxes we collect and help to ensure the Town’s infrastructure is properly maintained.

pie graph 2024

 


My Property Assessment Went Up.  How Does This Affect My Property Taxes?

The value of your property is assessed by the B.C. Assessment Authority yearly.  

Each January, BC Assessment Authority mails property assessment notices to the owners of 2+ million properties in the province. The notice contains your assessed value, which is the estimated market value of your property as of July 1st of the previous year, the property classification, and tax exemption status. 

In Ladysmith, residential property assessments decreased in average by 2.9% for 2024, with the average single-family home assessed at $718,400. Here is how to tell if you property taxes will go up:  if your assessment has increased more than the average assessment increase in your property class, then it is likely you will see a higher tax increase.  The diagram below is taken from the BC Assessment website. 


**The diagram above assumes that there are no changes in the budgetary requirements of your taxing authority and/or any other taxing agency (from BC Assessment).

If you disagree with your property tax assessment, you must file an appeal with BC Assessment by January 31.  You can call 1-866-825-8322, or complete the form at the following link, which also gives full information about the appeal process:

https://info.bcassessment.ca/Services-products/appeals

Questions relating to your property assessment should be referred to the B.C. Assessment Authority in Nanaimo (#300 - 125 Wallace Street, Nanaimo, BC V9R 5B2) at 1.800.977.2775 or 250.753.6621.  For more information on the B.C. Assessment Authority, visit the BC Assessment  website.

Retroactive Homeowner Grant

Starting January 1, 2021 municipalities will no longer accept retroactive or current year Home Owner Grant applications. For more information please visit www.gov.bc.ca/homeownergrant

2023 Property Taxes were due July 4, 2023 and the penalty date for late payments was September 15, 2023.

Property Tax Payment Options:

  • electronically at participating financial institutions;
  • in person at City Hall (cash, cheque or Interac);
  • at most financial institutions in Canada or;
  • by mail.  Please Note: Postmarks are NOT accepted as date of payment.

If you have any questions regarding your Tax Notice, please contact City Hall at 250.245.6400.

MOVING?

If you are moving please update your information with LTSA:
https://apps.ltsa.ca/public-filing/forms/change-address-on-title/online/how-to-submit