How your property taxes are allocated
Total Property Taxes
Like all municipalities, Creston is required to collect taxes for other levels of government in addition to our Municipal Property Taxes.
In 2017, 53% of taxes collected were for Town of Creston services and operations.
25% of taxes went to the Regional District of Central Kootenay (60.8% for Creston & District Community Complex).
21% of taxes collected were School Taxes
<1% of taxes collected were Hospital District Taxes
<1% of taxes collected were Other Taxes (Including BC Assessment)
Municipal Property Taxes
53% of 2017 Total Taxes were for municipal services and operations. These taxes are combined with the Town's other funding sources and are allocated to:
- 35% - Public Works, Water, and Sewer
- 23% - General Government
- 20% - Capital Projects
- 15% - Police Services
- 13% - Fire Protection
- 7% - Debt Repayment
- 5% - Development & Planning
- 2% - Bylaw Compliance
Other Funding Sources
In 2017 Municipal Property Taxes made up 35% of the Town's approximate $12 million of funding, with utility rates, fees, and frontage accounting for an additional 29%.
The Total Funding for the Town of Creston in 2017 was as follows:
How Creston property taxes compare to other similar communities
How your tax bill is determined
Property taxes are a main funding source the Town uses to be able to provide the many services that are provided to the public. Taxes to be collected are determined in the. Tax rates are determined by the property value assessed by the BC Assessment Authority and guidelines in the Tax and Revenue Policy contained in the Financial Plan.
How your Property Value is assessed
The BC Assessment Authority is a provincial Crown corporation that determines the market value of all real properties in British Columbia. The assessed value determines what the taxation will be for a property. If you disagree with your assessed value, you have a limited time to appeal to the BC Assessment Authority. Details on how to appeal are included on your assessment notice. Curious how your property assessment compares to neighbouring properties? You can search and compare property assessment information across the province at e-valueBC.
How to Access Your Account Information On-Line at www.creston.ca
To access your account, please use the roll account number and the access code noted on the top right-hand corner of your Property Tax Notice. View your Property Tax and Utility Account details online.
Tax Payment Information
Property taxes are due by 4:30 p.m. on the first working day in July, after the July 1st holiday. Acceptable methods of payments are: Electronic Funds Transfer (EFT) via online or telephone banking, debit, cash, cheque or money order. We not not accept credit cards. Payment can be made by mail, in person at Town Hall, or through most financial institutions by phone or the Internet. If taxes are paid through your mortgage or financial institution, the Home Owner Grant claim must still be completed and returned to Town Hall, or applied for online before the due date to avoid penalty.
Cheques post-dated to the due date will be accepted at Town Hall. Your cancelled cheque is your receipt. Please note that postmarks on mailed remittances will not be considered as date of payment.
To pay your account by telephone or Internet banking, you must have previously signed up with your financial institution.
Home Owner Grant Information
If the property is your principal residence, you may qualify for the Home Owner Grant, which reduces the amount of property tax that you pay. If eligible, be sure to fill out the application form on the remittance portion of your tax notice and submit to the Town Office, or apply for the Home Owner Grant online. The Home Owner Grant application must be filled out each year and submitted to the Town Office, or be applied for online, in order to receive the grant. Unclaimed Home Owner Grants and balances owing after the due date are subject to a 10% penalty, which is added to current taxes unpaid.
More information on the Home Owner Grant, including eligibility criteria, can be found on the Province of British Columbia website.