2021 City of Burnaby Property Taxes
It’s property tax season and business property tax bills are arriving, with payment due by July 5. Read below for information and resources on your 2021 property tax bill, how it is calculated, and why this year businesses should expect a significant increase as COVID tax cuts expire.
About Burnaby Property Taxes
The City of Burnaby collects property taxes to fund its own services and activities, and also collects taxes on behalf of various other agencies and governments including provincial school taxes, Translink taxes, and Metro Vancouver regional taxes — all of which are embedded in your one Burnaby property tax bill.
Approximately 54% of your Burnaby property tax bill is used for City of Burnaby services — the rest is for other taxing authorities.
A major portion of this other tax is provincial school tax. This amount was cut in 2020 and the Burnaby Board of Trade has called on the province to extend that cut in 2021. They refused, and as a result you should expect a significant increase in property taxes as that tax rate returns to its normal level. Read about our call to Renew the COVID Tax Cuts here
This year, Burnaby City Council increased its tax rate by 2.95%. The Burnaby Board of Trade meets with Council and Finance Staff to engage on the budget process, and to ensure tax rates are competitive while also funding the programs and initiatives required.
For detailed information on City of Burnaby property taxes and utilities fees, click here.