The City of Colwood calculates and prepares all property tax notices each year. Tax notices are issued near the end of May and tax payments are due on the first business day after July 1st.
Property Taxes are due on July 2, 2024.
Claim your Home Owner Grant.
Find Ways to Pay Taxes.
How are Property Tax Rates Calculated?
Your property value as determined by BC Assessment is factored into your tax calculation. If your property’s value increased more than the average for Colwood, the municipal portion of your tax bill may increase.
Where your tax dollars go
Only half of the revenue from property taxes is controlled by the City of Colwood. Funds collected for other government agencies are simply passed on to them. This makes the system more efficient – residents receive a single tax notice rather than having each organization bill separately.
Read more in the 2024 Property Tax Newsletter that will be attached to your tax notice.
Approximately 50% of the amount on your tax notice is collected on behalf of other government agencies, including:
- 28% Province of BC and School Districts (Education)
- 7% Capital Regional District (Recycling, Sewage Treatment, Drinking Water)
- 4.1% West Shore Parks & Recreation Society (Sport, Culture and Recreation)
- 3% Capital Regional Hospital District (Health Care)
- 4% BC Transit (Transportation)
- 3% Greater Victoria Public Library (Juan de Fuca Branch)
- 0.8% BC Assessment Authority and Municipal Finance Authority.
Taxes collected by the City fund services such as police and fire protection, street lighting, road and drainage maintenance, operating parks and recreational facilities, and planning and managing city developments and enhancements.
Ways to Pay Your Property Taxes
Property Assessment
Home Owner Grants
Tax Sale Information
Colwood Financial Plan, Official Community Plan and Strategic Plan
The 5 Year Financial Plan outlines the City's goal of delivering a high level of service that strikes a balance between affordability for citizens and community building initiatives that will improve quality of life while expanding our tax base.
Colwood's overall direction for the future is detailed in the Official Community Plan. The new draft Colwood Official Community Plan which reflects input from more than 1400 direct interactions with residents and stakeholders. Read the draft now and learn more about the process at: www.colwood.ca/OCP
Council has set out the City's priorities for the next four years in the Colwood Strategic Plan. The plan focuses on tactics to target improvement in six specific pathways: WELLBEING, INFRASTRUCTURE, ENVIRONMENT, ECONOMY, ENGAGEMENT, and GOVERNANCE.
Need more information?
Please contact the Colwood Finance Department at finance@colwood.ca or 250-294-8150