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TAX RATES
Legislation
Section 165 of the Community Charter requires Council to adopt a
Financial Plan Bylaw that sets the municipal tax levy and identifies all
funding sources, including property value taxes.
Section 197 requires Council to adopt a Tax Rates Bylaw that converts
that municipal tax levy into class rates using BC Assessment values; the
bylaw must be passed in an open Council meeting. Requisitions
(hospital, RDCK, etc.) are shown separately.
How Tax Rates are Set
1. Council develops a financial plan that sets the total tax revenue required.
2. RDCK, Police, School, BCAA, MFA, and Hospital determine their requisitions.
3. The Province / BC Assessment determines property assessments for nine
property classes.
4. Council decides the ratios for how the required revenue will be allocated across
the nine property classes.
5. Staff calculate the tax rates based on the ratios and assessed values. Council
then sets the rates in the Tax Rates Bylaw.
1. Tax Revenue Required
The Village collected $846,915 in municipal property taxes in 2025
The proposed 2026 municipal tax levy is $929,094
Increase of $82,180
This increase reflects the change to the overall tax levy. It does not include $10,326 (0.34%) of new
taxation revenue from non-market growth (new construction added to the assessment base).
2. Requisitions
Note: Provincial levies and requisitions from other authorities are added to the Plan, Bylaws, and Tax Notices; municipalities collect those amounts
on behalf of those authorities and remit them. Where the Province prescribes ratios or methods, municipal rates must respect those constraints.
2026
2025
Requisition
% of Total
Requisition
% of Total
Change
RDCK
$780,646
30.8%
$715,212
30.5%
▲ 9.1%
Hospital
$59,066
2.3%
$59,261
2.5%
▼ 0.3%
MFA
$76
0.0%
$76
0.0%
▲ 0.2%
BCAA
$15,496
0.6%
$14,432
0.6%
▲ 7.4%
School
$657,676
26.0%
$620,634
26.5%
▲ 6.0%
Police
$89,914
3.6%
$84,404
3.6%
▲ 6.5%
Total Other
$1,602,874
63.3%
$1,494,019
63.7%
▲ 7.3%
Village
$929,094
36.7%
$852,380
36.3%
▲ 9.0%
Overall
$2,531,968
$2,346,399
7.9%
2. Requisitions
RDCK
31%
Hospital
2%
MFA & BCAA
1%
School
26%
Police
4%
Village
37%
-
Village of Kaslo municipal taxes
-
Regional District Central Kootenay taxes
-
School taxes
-
Regional Hospital Board taxes
-
Police taxes
-
Municipal Finance Authority tax
-
British Columbia Assessment Authority tax
Municipal taxes are approximately 37% of the total Tax Notice
3. Property Value Assessments
Residential (779)
Utilities (9)
Supportive Housing (5)
Major Industry (0)
Light Industry (3)
Business/Other (418)
Managed Forests (0)
Recreational (559)
Farm (1)
93%
6%
3. Property Value Assessments
185
539
30
25
Residential Vacant Land
Residential Single Family
Residential ALR
Residential Farm
Residential Strata
Residential Other
Seasonal, accessory, manufactured
3. Property Value Assessments
Class
Assessments
Change
1
Residential
$315,624,800
-1%
2
Utilities
$839,800
1%
3
Supportive Housing
-
-
4
Major Industry
-
-
5
Light Industry
$397,600
3%
6
Business and Other
$20,857,850
4%
7
Managed Forest land
-
-
8
Recreational, Non-profit
$538,100
5%
9
Farm
-
-
3. Property Value Assessments
$-
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
$300,000,000
$350,000,000
$400,000,000
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
Residential
Utilities
Light Industrial
Business
4. Tax Ratios
Class
Ratio
1
Residential
1.0000
2
Utilities
10.0000
3
Supportive Housing
1.0000
4
Major Industry
3.4000
5
Light Industry
2.8521
6
Business and Other
2.4502
7
Managed Forest land
3.0000
8
Recreational, Non-profit
1.070
9
Farm
12.1562
The Financial Plan
Bylaw must include
the distribution of
property value taxes
among the property
classes
4. Tax Ratios
Residential
Small BC municipalities commonly use a Residential ratio of 1.0 as the baseline and
then apply multipliers for other classes.
Utilities
Many small places apply very large multipliers to utilities. Some use very high factors
(e.g., 20-40×) because of small utility assessment bases, particularly where a single
utility account exists.
Supportive Housing and Recreation/Non-Profit
Ratios close to 1.0 (1.0 and 1.07) indicate a policy to treat these classes similarly to
residential. This is common and often intentional to avoid penalizing social housing
and non-profits.
4. Tax Ratios
Major Industry, Light Industry, and Managed Forest
Kaslo's 3.4× (Major), 2.85× (Light) and 3.0× (Managed Forest) are moderately above
residential and fall within the range used by many small municipalities that seek to
shift some burden to non-residential classes. These are not extreme but are
meaningful multipliers.
Business & Other
2.45× is a common policy choice to have business pay more than residential; it's
within typical small-municipality practice.
The Tax Ratios are set by Council within the Financial Plan Bylaw
5. Tax Rates Calculation
1.
Council has determined the Municipal Tax Levy. For 2026, the total is $929,094.
2.
BC Assessment has determined the total Property Value Assessment, and the Assessments for
each of the nine Classes. For 2026, the total Assessments of all nine Classes is $338,258,611.
3.
Council has determined the Ratios for each Class. The Class Ratios are multiplied by their Class
Assessments to determine a weighted Assessment for each Class.
4.
We divide the Municipal Tax Levy by the sum of the weighted Assessments. This gives us the
baseline Tax Rate. For 2026, a Class with a Ratio of 1 will have a Tax Rate of 2.46546.
5.
We multiply the baseline Tax Rate by each Class Ratio to find the Rate for that Class.
5.
Property taxes are determined by dividing the property's assessed value by $1,000 then
multiplying by the appropriate Class Rate.
5. Tax Rates Calculation
Class
Ratio
Rate
1
Residential
1.0000
2.46546
2
Utilities
10.0000
24.65460
3
Supportive Housing
1.0000
2.46546
4
Major Industry
3.4000
8.38256
5
Light Industry
2.8521
7.03174
6
Business and Other
2.4502
6.04087
7
Managed Forest land
3.0000
7.39638
8
Recreational, Non-profit
1.070
2.63804
9
Farm
12.1562
29.97063
Average Single Family
2026
2025
Difference
Assessment
$518,647
$524,768
Rate
Taxes
Rate
Taxes
$ Change
% Change
RDCK
2.06808
$1,072.60
1.89815
$996.09
▲ $76.51
▲ 7.68%
Hospital
0.15648
$81.16
0.15728
$82.53
▼ $1.38
▼ 1.67%
MFA
0.00020
$0.10
0.00020
$0.10
▼ $0.00
0.00%
BCAA
0.03810
$19.76
0.03570
$18.73
▲ $1.03
▲ 5.48%
School
1.71090
$887.35
1.63310
$822.36
▲ $64.99
▲ 7.90%
Police
0.23820
$123.54
0.22400
$117.55
▲ $5.99
▲ 5.10%
Total Other
$2,184.52
$2,037.37
▲ $147.14
▲ 7.22%
Village
2.46546
$1,278.70
2.26409
$1,188.12
▲ $90.58
▲ 7.62%
Overall
$3,463.22
$3,225.50 $237.72
7.37%
Municipal tax increase: $7.55 per month
Average Business
2026
2025
Difference
Assessment
$49,899
$49,139
Rate
Taxes
Rate
Taxes
$ Change
% Change
RDCK
5.06680
$252.83
4.65047
$228.52
▲ $24.31
▲ 10.64%
Hospital
0.38337
$19.13
0.38533
$18.93
▲ $0.20
▲ 1.03%
MFA
0.00050
$0.02
0.00050
$0.02
▲ $0.00
0.00%
BCAA
0.11300
$5.64
0.10090
$4.96
▲ $0.68
▲ 13.73%
School
4.04000
$201.59
3.56000
$174.93
▲ $26.66
▲ 15.24%
Police
0.58360
$29.12
0.54890
$26.97
▲ $2.15
▲ 7.97%
Total Other
$508.34
$454.34
▲ $54.00
▲ 11.88%
Village
6.04087
$301.43
5.54703
$272.57
▲ $28.86
▲ 10.59%
Overall
$809.77
$726.91
$82.86
11.40%
Municipal tax increase: : $2.41 per month
BC Home Owner Grant
The provincial Home Owner Grant reduces property taxes on your principal residence. Kaslo
homeowners are eligible for the higher grant amounts available outside of Metro Vancouver, Fraser
Valley, and the Capital Regional District.
2026 Grant Amounts for Kaslo
Regular Grant: Up to $770 (all eligible homeowners)
Additional Grant: Up to $1,045 (seniors 65+, veterans, persons with disabilities)
Eligibility
-
Must be your principal residence and you must be a Canadian citizen or permanent resident
-
2026 property value threshold: $2,075,000 (grant reduced by $5 per $1,000 above threshold)
-
Average Kaslo residential assessment ($518,647) is well below the threshold
-
Minimum property taxes of $350 ($100 for additional grant recipients) must still be paid
How to Apply
Apply after receiving your tax notice and before the due date. You must apply every year.
Online: gov.bc.ca/homeownergrant | Phone: 1-888-355-2700 | In person at ServiceBC
Average Monthly Costs in BC
$735
$367
$200
$200
$187
$113
$107
$91
$80
$74
$45
$35
$33
$0
$100
$200
$300
$400
$500
$600
$700
$800
Car Payment
Gas & Insurance
Kids' Activities
Clothing
Electricity
Phone / Cable / Internet
Village Property Tax
Coffee ($3/day)
Cell Phone
Movie & Popcorn (Family of 4)
Subscriptions (Streaming)
Water User Fees
Sewer User Fees
TAX RATES