Penticton Property Tax Rate 2026
The residential rate, the taxes that add up to it, and a calculator for your home
Penticton's 2026 residential property tax rate is 0.5686% of assessed value, up from 0.5338% in 2025 (+6.5%). A home assessed at $500,000 pays about $2,843 a year, and one at $1,000,000 about $5,686. It is the 6th highest of the 35 British Columbia cities and towns we cover; their median rate is 0.4437%.
Penticton property tax calculator
The 2026 assessment, the home's market value on July 1, 2025.
The tax is the assessed value times Penticton's 2026 rate of 0.5686%. Flat charges on the same bill, such as water or garbage fees, are not included.
Property tax in 2026
$2,843/yr
$237 a month
At the 2025 rate (0.5338%), the same value paid $2,669: $174 less than in 2026.
How the rate adds up
A home in Penticton pays five separate property taxes on the same bill, each set by a different government or for a different purpose. Each is a percentage of the home's assessed value; added together, they make the 0.5686% rate.
| Tax | Rate | Tax per year on $500,000 |
|---|---|---|
| Municipal | 0.3789% | $1,894 |
| School (provincial) | 0.1470% | $735 |
| Regional District of Okanagan-Similkameen | 0.0164% | $82 |
| Regional hospital district | 0.0225% | $113 |
| BC Assessment and MFA | 0.0038% | $19 |
| Total in 2026 | 0.5686% | $2,843 |
| Total in 2025 | 0.5338% | $2,669 |
Two small Regional District levies charged on only part of the value, 911 and mosquito control on buildings (0.0075%) and sterile insect release on land (0.00367%), are not included, nor are the flat storm drainage, garbage, recycling and sterile insect release parcel charges.
Property tax at different home values
| Assessed value | Tax per year | Tax per month |
|---|---|---|
| $400,000 | $2,274 | $190 |
| $600,000 | $3,412 | $284 |
| $800,000 | $4,549 | $379 |
| $1,000,000 | $5,686 | $474 |
| $1,500,000 | $8,529 | $711 |
| $2,000,000 | $11,372 | $948 |
British Columbia cities and towns compared
| Whistler | 0.2775% | 0.2603% | +6.6% | $1,388 |
| West Vancouver | 0.3239% | 0.2938% | +10.2% | $1,619 |
| District of North Vancouver | 0.3282% | 0.3033% | +8.2% | $1,641 |
| Burnaby | 0.3284% | 0.2977% | +10.3% | $1,642 |
| Vancouver | 0.3364% | 0.3118% | +7.9% | $1,682 |
| Surrey | 0.3427% | 0.3108% | +10.3% | $1,714 |
| City of North Vancouver | 0.3477% | 0.3218% | +8% | $1,738 |
| Richmond | 0.3538% | 0.3194% | +10.8% | $1,769 |
| Township of Langley | 0.3617% | 0.3349% | +8% | $1,808 |
| Port Coquitlam | 0.3775% | 0.3497% | +8% | $1,888 |
| Coquitlam | 0.3852% | 0.3515% | +9.6% | $1,926 |
| Delta | 0.3958% | 0.3660% | +8.1% | $1,979 |
| Squamish | 0.4148% | 0.3801% | +9.1% | $2,074 |
| Bowen Island | 0.4175% | 0.3861% | +8.1% | $2,087 |
| City of Langley | 0.4207% | 0.3808% | +10.5% | $2,103 |
| Port Moody | 0.4291% | 0.3939% | +8.9% | $2,146 |
| White Rock | 0.4319% | 0.3833% | +12.7% | $2,159 |
| Mission | 0.4437% | 0.4001% | +10.9% | $2,218 |
| Abbotsford | 0.4521% | 0.4124% | +9.6% | $2,260 |
| Maple Ridge | 0.4536% | 0.4189% | +8.3% | $2,268 |
| Pitt Meadows | 0.4622% | 0.4222% | +9.5% | $2,311 |
| Kelowna | 0.4741% | 0.4449% | +6.6% | $2,370 |
| New Westminster | 0.4793% | 0.4364% | +9.8% | $2,397 |
| West Kelowna | 0.4943% | 0.4612% | +7.2% | $2,472 |
| Saanich | 0.5201% | 0.4938% | +5.3% | $2,600 |
| Langford | 0.5335% | 0.4924% | +8.4% | $2,668 |
| Courtenay | 0.5409% | 0.5153% | +5% | $2,704 |
| Oak Bay | 0.5478% | 0.5148% | +6.4% | $2,739 |
| Victoria | 0.5656% | 0.5203% | +8.7% | $2,828 |
| Penticton | 0.5686% | 0.5338% | +6.5% | $2,843 |
| North Cowichan | 0.6088% | 0.5618% | +8.4% | $3,044 |
| Campbell River | 0.6370% | 0.6113% | +4.2% | $3,185 |
| Kamloops | 0.6854% | 0.6476% | +5.8% | $3,427 |
| Nanaimo | 0.7312% | 0.6909% | +5.8% | $3,656 |
| Prince George | 0.9712% | 0.9382% | +3.5% | $4,856 |
How homes are assessed in British Columbia, with the same table, is on the British Columbia property tax rates page.
Penticton Property Tax: Quick Answers
What is the property tax rate in Penticton?
In 2026, it is 0.5686% of a home's assessed value. It adds up five taxes: municipal (0.3789%), school (0.1470%), Regional District of Okanagan-Similkameen (0.0164%), regional hospital district (0.0225%) and BC Assessment and MFA (0.0038%). Two small Regional District levies charged on only part of the value, 911 and mosquito control on buildings (0.0075%) and sterile insect release on land (0.00367%), are not included, nor are the flat storm drainage, garbage, recycling and sterile insect release parcel charges.
How much is property tax on a house in Penticton?
About $2,843 a year on a home assessed at $500,000, $4,265 at $750,000 and $5,686 at $1,000,000.
How is property tax calculated in Penticton?
The tax is the home's assessed value times the rate: $500,000 × 0.5686% = $2,843. B.C. assesses homes every year at their market value of the July before.
Did property tax go up in Penticton in 2026?
The rate went up 6.5%, from 0.5338% in 2025 to 0.5686%. A bill also changes with the home's assessment.
Work out your own numbers
- Property tax estimator: the tax on your home's assessed value
- Annual cost of ownership calculator: property tax with insurance, utilities and upkeep
- Understanding property taxes before you buy
- Income needed to buy a home in each city, with property tax in the monthly cost
Other provinces
Source: Penticton, 2026 tax rates; 2025 tax rates. Rates are for a residential home and include the school or education tax; flat fees on the same bill are not included.
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