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Current rates, instant calculator, and everything you need to understand your property tax bill
Richmond BC's 2025 residential property tax rate is approximately 0.30700% of BC Assessment value. Richmond has a strong commercial base (YVR airport, industrial lands) that helps keep residential rates competitive.
Richmond, BC sits on Lulu Island in the Fraser River delta, directly south of Vancouver. It is home to Vancouver International Airport (YVR) and has one of the most culturally diverse populations in Canada. The airport and industrial sectors create a broad tax base, keeping residential rates reasonable.
BC Assessment values all properties at July 1 market value. Richmond's 2025 combined residential rate is approximately 0.30700%.
Formula: Annual Tax = BC Assessment Value × 0.003070
| Home Value | Estimated Annual Tax |
|---|---|
| $500,000 | $1,535/yr ($128/mo) |
| $750,000 | $2,302/yr ($192/mo) |
| $1,000,000 | $3,070/yr ($256/mo) |
Enter your home's assessed value to instantly estimate your annual property tax.
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Richmond property taxes are due the first business day of July. Advance Tax payment plans allow monthly pre-authorized withdrawals throughout the year.
Appeal BC Assessment values by January 31. Property Assessment Review Panels hear initial complaints; the Property Assessment Appeal Board handles further appeals.