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Property Tax Estimator

Residential (Class 1) Property Tax Estimator

Use the Property Tax Estimator below to determine how much your property's assessed value will affect your property taxes for the year. This tool will allow you to estimate your property taxes for 2024. This tool is based on the 2024 Municipal Tax rate increase of 4.5%, and an estimated 3% increase for all other authorities.

Your assessed value is multiplied by the tax rate for your assessment class and divided by 1,000. The tax rate (or mill rate) is comprised of the rates levied by each taxing authority.

Property owners receive their assessment notices from BC Assessment (BCA) each January. The overall average residential value increase (used in setting the tax rate) is 2.78% for 2024.

While the value of your property may have increased, that does not necessarily mean you will pay more in property taxes. The most important factor in determining how much you will pay in property taxes is how the assessed value has changed compared to similar properties in Burnaby. Watch this short explainer video to learn more.

Please note:
Figures are an estimate only and do not include items such as Sewer Parcel Tax or Home Owner Grant eligibility. Municipal Property Tax notices are issued in June.

For more information please visit burnaby.ca/propertytaxes

Assessment

Enter a property value below to estimate your residential property taxes for the year.


Residential Property Tax Estimates

Where Do Your Property Tax Dollars Go?

Burnaby keeps 55 cents of each property tax dollar

For properties under $3 million, Burnaby keeps around 55 cents of each property tax dollar collected. The other 45 cents is used to fund other taxing authorities such as School and TransLink. The percentage retained by the City of Burnaby will reduce when Additional School Taxes are applicable.

Municipal Services includes but is not limited to: Police, Fire, Engineering (including roads), Parks and Recreation, Culture, Community Services, Library, and general administration.

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