New Westminster property tax

Rates per $1,000 of taxable assessed value, residential (Class 1), from Province of BC Local Government Statistics Schedule 702. New Westminster has no regional hospital district levy (hospital rate 0). The Schedule 702 'Other' column groups TransLink (GVTA), BC Assessment (BCAA) and the Municipal Finance Authority (MFA). Matches the City of New Westminster 2026 Tax Rates sheet: municipal total 3.10387 = General 3.07283 + Capital Levy 0.03104; MVRD 0.05745; GVTA 0.35860; BCAA 0.03810; MFA 0.00020; School 1.23490; Total 4.79312. Not included: flat-rate water, sewer and solid waste utility charges, billed separately, and Business Improvement Area levies, which apply only in BIA areas.

Rates as published for the residential class. Bills can also include fixed charges, local improvement levies and utility fees that are not based on assessed value.

New Westminster's total residential rate of 0.4793% is below the 0.4794% average of the 28 British Columbia municipalities we cover. A lower rate does not always mean a lower bill: tax = assessed value × rate, so cities with high home values often have lower rates.

Rates are the residential rates in each city's latest confirmed year. All British Columbia municipalities · National rankings

From New Westminster's official property tax pages (sources 19, 20). Check your bill for the exact amounts and dates.

These programs are run by the city or the province. Eligibility is decided by the organization that runs each one; follow the links for the official rules.

• Home Owner Grant

  Provincial grant that reduces property tax on a principal residence; it must be claimed each year with the Province. The City states the basic grant is up to $570 and the additional grant for those 65 and older is up to $845. The 2026 grant threshold is $2,075,000; the grant is reduced by $5 for each $1,000 of assessed value over the threshold. Unclaimed grants are treated as unpaid current taxes and are subject to penalties. Run by Province of British Columbia (the City no longer accepts current or retroactive applications).

• BC Property Tax Deferment Program

  Low-interest loan that defers property taxes on a principal residence until the home is sold or ownership is transferred. All applications and renewals go through the Province's online portal; the City does not collect applications. For taxes deferred for 2026 and later years, compound interest is charged. Run by Province of British Columbia.

• Senior Waiver Discount (flat-rate utilities)

  For registered owners aged 65 or over living alone in a single family residence: a waiver equal to 25% of the annual water, sewer and solid waste charges, applied to the flat-rate utilities account after an application is approved. It reduces the utility charges, not the property tax itself. Run by City of New Westminster.

• Pre-Authorized Pre-Payment Plan (PAPP)

  Monthly pre-authorized withdrawals from a bank account to prepay next year's property taxes and annual utilities (or utilities only). Available to all property types; current taxes or water and sewer must be paid in full to join. Run by City of New Westminster.

• Home owner grant

  The B.C. home owner grant reduces the property taxes owners pay on their principal residence. For 2026 the full grant is available on properties assessed at $2,075,000 or less, with a higher additional grant for seniors, veterans and people with disabilities.

• Low income grant supplement for seniors

  A B.C. supplement for low-income seniors whose home owner grant is reduced or eliminated because their home is assessed above the $2,075,000 grant threshold. Most recipients get a cheque for $845 ($1,045 in a northern or rural area) for 2026.

• Property tax deferment program

  B.C.'s property tax deferment program is a provincial loan that pays an eligible owner's current-year property taxes, secured by a lien on the home. Taxes deferred for 2026 and later carry compound interest at prime plus 2%, 6.45% throughout 2026.

• Speculation and vacancy tax (provincial) in force 2026

  The City of New Westminster is listed as a taxable area (Metro Vancouver Regional District) for the Province of BC speculation and vacancy tax. 2026 rates: 1% of assessed value for Canadian citizens or permanent residents who are not untaxed worldwide earners; 3% for foreign owners and untaxed worldwide earners. Administered by the Province, not the City.

• B.C. speculation and vacancy tax

  The speculation and vacancy tax is an annual provincial tax on residential property in designated areas of B.C., based on how each owner used the property during the year and on the owner's residency and income. Every owner on title in a taxable area must declare by March 31, even when an exemption applies.