The residential tax rate in the Town of Lake Cowichan has been set at $2.49741 per $1,000 of assessed value. That means an average Lake Cowichan home assessed at $603,167 will pay $1,506.36 in municipal property taxes in 2026.The rate marks a four per cent increase over the previous year. Sewer and water parcel taxes remain unchanged from 2025 rates, and are $325 and $350 respectively, for a $675 in parcel taxes for a total of $2,181.36 before t…