West Kelowna & Kelowna Property Taxes | What You’ll Owe The City This Year

If you’re a property owner in the City of Kelowna or West Kelowna, BC, you’ll need to pay your annual property tax bill before July 2, 2022.

Your property tax payment amount is based on this year’s municipal tax rate and your most recent assessment value. Property tax notices are sent by City Hall municipal services towards the end of May or beginning of June, 2022.

Once you get your property tax notice from municipal services, you can then make your payment online, by phone/mail, or in person at Kelowna City Hall.

To make a property tax payment, register a property account at the Kelowna Property tax payments and utility billing page.

If you live across Okanagan Lake on the Westside, check the property tax payment options page for West Kelowna.

How Your Assessed Value Impacts Your Kelowna Property Tax Bill

Property tax rates for 2021 in the City of Kelowna were calculated as 0.531 percent of your home’s assessed value.

Your assessed value is determined by BC assessment, a provincial authority who estimates the market value of your residential property. BC Assessment looks at a number of factors to determine your assessed value, including your home’s age, location, size, and view.

You’ll get your property assessment value  from BC Assessment within the first few weeks of January 2022.

How the 2022 Tax Increase Affects Your Payment

For 2022, The City of Kelowna has proposed a tax increase of 3.64 per cent, which amounts to an average increase of $80 for most homeowners in Kelowna.

Here’s the math in 2022: Kelowna City Council has approved a 3.64% increase in the 2021 tax rate. That means the 2022 property tax rate is 0.551% of your assessed value (up from 0.531% in 2021).

If you own a single-family home in Kelowna assessed at $700,000, you can expect to pay around $3,857 in property taxes this year.

West Kelowna is expected to announce a similar property tax increase of 3 percent.

The BC Home Owner Grant

If your assessed property value is less than $1,625,000, you can reduce your annual property tax payment by up to $770 through the BC Home Owner Grant.

As of January 1, 2021, home owner grants are claimed via BC’s provincial program. To check if you qualify, head to the BC Home Owner Grants website.

Multiple Home Owner Grant

For property owners with more than one home, look into the Multiple Home Owner Grant.

How Canadian Municipalities Spend Your Property Tax Payments

Depending where you live in the Okanagan, your property taxes go to Kelowna City Hall, the City of West Kelowna, or the Central Okanagan Regional District.

City council uses property tax revenue from Kelowna residents to fund a wide range of municipal services.

Kelowna Municipal Services:

• Kelowna schools and libraries

• Healthcare facilities like Kelowna General Hospital (Interior Health Authority)

• Emergency services (police, fire departments, and search & rescue)

• Road maintenance and new roads

• Garbage and recycling service

• Regional Parks and playgrounds like Knox Mountain, Kalamoir, and the Mission Creek Greenway

• Recreation facilities like the Parkinson Rec Centre, Johnson Bentley Aquatic Centre, and Rutland Activity Centre.

Property Tax Estimator

To help you plan your finances for the year ahead, check out Kelowna's property tax estimator. To figure out what you’ll pay next year, you need your most recent assessment notices, and the latest tax rates from your municipality.

For more details on property tax calculations and payments, visit the City of Kelowna website or the City of West Kelowna website.

If you’d like a little help planning out your household budget, contact us and we’d be happy to recommend a great financial advisor.