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Mortgage rates for Colwood homeowners
Mill rates are one line on the Colwood housing bill. Compare current Canadian mortgage options from multiple lenders.
Colwood property taxes 2026
British Columbia · Municipal mill rates · provincial open data and municipal tax bylaws
By OpenStats · Built from official Canadian sources
Atlas seed row (verify live source)7.23millsBelow average
~$3,254/yr on $450,000 assessed home
011.50National avg9.94BC avg9.33
Residential mill rate
7.23
mills · $3,254/yr municipal on $450K
Est. annual tax
$5,157
Municipal + education on $450,000 home
Vs provincial avg
-22.5%
British Columbia avg: 9.33 mills
Reading this page
Colwood's 2026 residential mill rate is 7.2300 mills, plus an education levy of 4.2300 mills. That combination works out to roughly $5,157 per year on a $450,000 assessed home.
The commercial mill rate is 10.1220 mills, and the residential rate is 23% below the British Columbia average of 9.33 mills.
How to read this
One mill equals $1 of tax per $1,000 of assessed value. Rates are compiled from provincial open schedules and municipal tax bylaws, then normalized to mills where the source allows. Assessment systems differ (BC Assessment, Ontario MPAC phase-in, Alberta market value, Nova Scotia capped assessment), so cross-province rate rankings are not dollar rankings until bases align.
Start with the residential mill rate and the sample bill on a median assessed home, then ask whether education or regional levies sit on top. Municipal rate is the piece council sets; your notice may show a higher total. Compare cities on a similar assessed value, and keep class in mind (residential vs commercial or multi-residential).
Use the calculator for a rough personal estimate, then confirm the current tax bylaw and your assessment notice before budgeting or a purchase decision. Method detail: methodology.
Figure 1 · Assessment math
Mills to dollars on a median home
Colwood's residential mill rate of 7.23 mills on a $450,000 assessed home yields roughly $3,254 per year in municipal tax before education levies.
Rate vs provincial average
How Colwood compares to other British Columbia municipalities
Colwood7.23 mills
British Columbia average9.33 mills
Colwood is 22.5% below the provincial average of 9.33 mills.
Tax estimate on median home
Based on a $450,000 assessed value
Annual breakdown
- Municipal portion
- $3,254
- Education levy
- $1,904
- Commercial mill rate
- 10.12 mills
- Estimated total
- $5,157/yr
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Source · Statistics Canada 46-10-0026-01 (seed). Last updated 2026. Refreshed on the site's automated schedule.