Vancouver property taxes are calculated by applying the City of Vancouver’s annual tax rate to a property’s assessed value determined by BC Assessment. Assessments reflect market value as of July 1 of the previous year, with property tax notices typically mailed in late May, and payments due in early July.

Aspects of Vancouver Property Taxes

• Assessed Value: BC Assessment determines market value annually based on comparable sales, property characteristics, and neighbourhood trends. Residential properties are taxed on 100% of assessed value.

• Tax Rates: Property taxes include municipal, provincial school, TransLink, and regional authority levies combined into a single residential tax rate.

• Utility Charges: Many Vancouver property tax notices include flat utility fees covering water, sewer, and garbage collection services.

• Empty Homes Tax: The City applies an additional tax on vacant residential properties to encourage housing availability.

• Home Owner Grant: Eligible principal residences may receive a provincial Home Owner Grant that reduces property taxes.

• Appeals: Owners may appeal assessments annually through the Property Assessment Review Panel if they disagree with valuation.

Important Information

• 2025 Assessment: Property assessments reflected moderate price stabilization following earlier rapid market growth.

• Tax Changes: Tax increases are primarily driven by municipal budget needs rather than market value increases alone.

• Payment Options: Taxes can be paid online, through financial institutions, or via pre-authorized payment arrangements.