PROPERTY TAXES & ASSESSMENTS
Your property tax is calculated using two key elements:
- The assessed value of your property
- The general tax rate and area rates for your specific community
Rates for 2025/26 are as follows:
- Residential: $0.853/$100 of Assessed Value
- Commercial: $2.287/$100 of Assessed Value
The Capped Assessment Program (CAP) rate for 2025 has been set at 1.5% by PVSC. If you require further information about property assessment, including the CAP program and appeal process, please visit www.pvsc.ca.
Property assessments and potential tax revenue for the Municipality, like any other year, factors into the budgeting process and will influence the proposed municipal activities, projects, and tax rates that are approved by Council.