Abbotsford once again has the highest property taxes in the lower mainland. The chart below shows as the highest “mill rate” applied to your home value to calculate property tax. This mill rate is the portion of the property tax bill that is identified as “General Municipal” and is the area that your City Council has control over. The City of Abbotsford has committed to increasing Property Tax rates in the range of 2%-3% year over year, despite receiving massive windfalls as property values rise quickly.
In the last 3 years, the City of Abbotsford has collected huge surpluses in Property Tax equaling more than $60 million, and STILL increases the tax rate to compound the burden on local business and property owners.