In Vancouver, property tax is based on calculating the cost of the provided services, then dividing the cost over all the homes based on home price and adjusted

In Vancouver, property tax is based on calculating the cost of the provided services, then dividing the cost over all the homes based on home price and adjusted for and a few factors such as location. Every home is assessed annually, which becomes the basis for how much tax you pay. Theoretically, if the cost of providing the services were constant and all home values increased at the same rate, your property tax would never change.