Taken from the Government of British Columbia
If you own or lease a property in British Columbia you must pay property taxes annually for each property. This also includes manufactured or mobile homes. The money from your taxes goes to programs and services in your local community such as:
Here is how it works:
The amount you pay is based on the funds needed to provide services for the year. Tax rates are set to determine how to share the cost of providing the services.
Tax rates and your property assessment determine how much property tax you pay. Learn how property taxes apply to your property's location.
For more information visit http://www2.gov.bc.ca/gov/topic.page?id=57E78A32D19842F698978249187768A7
