Penticton property tax

Rates per $1,000 of taxable assessed value, residential (Class 1), from Schedule 702. They match the City's 2026 Tax Rate Table and Tax Rates Bylaw No. 2026-20 (adopted May 5, 2026): General Municipal 3.7886; Regional Hospital District 0.2252; RDOS 0.1640 + RDOS 911 Emergency Telephone Service & Mosquito Control (improvements only) 0.0750 + RDOS Sterile Insect Release Program (land only) 0.0367 = regional 0.2757; BCA 0.0381 + MFA 0.0002 = other 0.0383; School 1.4701; Total 5.7979. Because two RDOS rates apply only to land or only to improvements, the effective rate on a given property can differ slightly from the 5.7979 total. Not included: flat charges on the notice (2026 table: Irrigation $236.51, S.I.R. parcel tax $186.11, SFD Storm $137.53, Base Garbage $165.00, Base Recycling $39.00) that apply only to some properties.

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.

Penticton's total residential rate of 0.5798% is above 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 Penticton's official property tax pages (sources 17, 20, 21, 22, 29). 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 residential property tax on a principal residence; it must be claimed each year, by the tax due date to avoid the 10% penalty. The 2026 grant threshold is $2,075,000; the grant is reduced by $5 for each $1,000 of assessed value over the threshold. Run by Province of British Columbia (claimed with the Province, not the City).

• BC Property Tax Deferment Program

  Low-interest loan from the Province that pays annual property taxes on a principal residence, under a Regular Program (for example age 55 or older, surviving spouse, person with disabilities) and a Families with Children Program. For taxes deferred for 2026 and later years, compound interest is charged. City utility/service charges on the notice cannot be deferred. Run by Province of British Columbia.

• Property tax pre-authorized payment (pre-payment) plan

  Ten equal monthly withdrawals August 10 to May 10 toward the next year's taxes, with a final withdrawal of the remaining balance (including any unclaimed Home Owner Grant amount) on the July due date. The City pays simple interest on pre-payments at its principal banker's prime rate less 3%. The account must be current to enrol. Run by City of Penticton.

• 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 Penticton is listed as a taxable area 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.