Vancouver property tax

Residential (Class 1) rates per $1,000 of taxable value from Province of BC Local Government Statistics, Schedule 702. Hospital is 0 in Schedule 702 for Vancouver (no hospital district levy). 'Other' combines TransLink, BC Assessment and Municipal Finance Authority. Vancouver applies targeted land assessment averaging, so some Class 1 properties are taxed on an averaged land value rather than the current assessed value. City of Vancouver residential page, 2026: General Purpose Tax Levy $1.93406, Provincial School Tax $0.98001, TransLink $0.35893, BC Assessment Authority $0.03814, Metro Vancouver $0.05260, Municipal Finance Authority $0.00020, Total $3.36394 (school, TransLink and BC Assessment figures differ slightly from Schedule 702). 2026 averaging threshold for Class 1: 3.99628% (Council, March 10, 2026). Order in Council 124/2026 sets the 2026 Class 1 school rate for School District 39 Vancouver at 0.9791, matching Schedule 702; the City page's 0.98001 differs from the rate set by the Province.

Rates as published for the residential class. Bills can also include fixed charges, local improvement levies and utility fees that are not based on assessed value.

Vancouver's total residential rate of 0.3363% is below the 0.4794% average of the 28 British Columbia municipalities we cover. A lower rate does not always mean a lower bill: tax = assessed value × rate, so cities with high home values often have lower rates.

Rates are the residential rates in each city's latest confirmed year. All British Columbia municipalities · National rankings

From Vancouver's official property tax pages (sources 12, 13, 14, 15, 21). Check your bill for the exact amounts and dates.

These programs are run by the city or the province. Eligibility is decided by the organization that runs each one; follow the links for the official rules.

• Targeted land assessment averaging

  Phases in tax increases for Class 1, 5 and 6 properties whose taxable value rose more than a Council-set threshold: City and other authorities' taxes are calculated on the average of current and prior four years' assessed land value plus current improvement value, limited to the threshold. 2026 Class 1 threshold: 3.99628% (approved March 10, 2026). The main tax notice shows a taxable land value different from the assessed land value when averaging applies. Run by City of Vancouver.

• Home owner grant

  Provincial grant that reduces property tax on a principal residence; for 2026 it had to be claimed by July 3, 2026 to avoid the 5% penalty, and may be claimed once the main tax notice is received. Run by Province of BC (applications through the Province's online system since 2021).

• Property tax deferment

  BC government loan to pay property taxes; the City says the deferment application or renewal must be completed by the main tax due date (July 3, 2026) to avoid a 5% penalty. Not available for the Empty Homes Tax. Run by Province of BC.

• Home owner grant

  The B.C. home owner grant reduces the property taxes owners pay on their principal residence. For 2026 the full grant is available on properties assessed at $2,075,000 or less, with a higher additional grant for seniors, veterans and people with disabilities.

• Low income grant supplement for seniors

  A B.C. supplement for low-income seniors whose home owner grant is reduced or eliminated because their home is assessed above the $2,075,000 grant threshold. Most recipients get a cheque for $845 ($1,045 in a northern or rural area) for 2026.

• Property tax deferment program

  B.C.'s property tax deferment program is a provincial loan that pays an eligible owner's current-year property taxes, secured by a lien on the home. Taxes deferred for 2026 and later carry compound interest at prime plus 2%, 6.45% throughout 2026.

• Empty Homes Tax (Vacancy Tax) in force 2026

  City tax under Vacancy Tax By-law No. 11674. Owners must declare property status every year. Properties deemed or declared empty in the 2025 reference year are taxed at 3% of the property's 2025 assessed taxable value. 2025 declaration deadline: February 3, 2026; payment due April 16, 2026 (5% penalty on unpaid balance after that). Properties without a declaration are billed the tax automatically. The rate for the 2026 reference year is not shown on the City page checked 2026-10-28.

• Speculation and vacancy tax (provincial) in force 2026

  Provincial tax (Province of BC) on residential property in designated taxable areas; the Province lists the Metro Vancouver Regional District, including the City of Vancouver, as a taxable area. Rates for the 2026 calendar year: 3% for foreign owners and untaxed worldwide earners; 1% for Canadian citizens or permanent residents who are not untaxed worldwide earners (2019 to 2025: 2% and 0.5%). Effective January 1, 2027: 4% and 1%.

• Additional school tax (provincial) in force 2026

  Residential properties valued above $3 million (before land averaging is applied) may be subject to the provincial additional school tax.

• B.C. speculation and vacancy tax

  The speculation and vacancy tax is an annual provincial tax on residential property in designated areas of B.C., based on how each owner used the property during the year and on the owner's residency and income. Every owner on title in a taxable area must declare by March 31, even when an exemption applies.

• Vancouver Empty Homes Tax

  Vancouver's Empty Homes Tax, also called the Vacancy Tax, is an annual City tax of 3% of assessed taxable value on residential property that is declared, deemed or determined empty for a reference year. Every residential property needs one status declaration each year, including homes the owner lives in.