Property taxes consist of the following!
Municipal tax is set by the municipality, based on its revenue needs. Municiple tax rates are set by council and staff in the annual budget process. Revenue funds local infrastructures and services.
Regional district tax is set by the regional district. Revenue provides key services like regional water and sewage treatement. Regional districts, such as Metro Vancouver, tell their municipalities what their revenue needs are, and the municipalities collect on their behalf. In rural areas, the province (Surveyor of Taxes) collects for regional districts.
School tax is set by the BC Government to fund schools. It varies by school district and is paid for by residential and non-residential property owners.
Hospital tax is set by the regional hospital districts to help partially fund local health facilities. In Metro Vancouver, hospitals are funded by the province, not by property taxes. Outside Metro Vancouver, hospital taxes are still levied.
Other taxes are set by local taxing authorities and collected by the municipality to fund BC Assessment, the Municiple Finance Authority and TransLink.