Vernon property tax

Rates per $1,000 of taxable assessed value, residential (Class 1), from Province of BC Local Government Statistics Schedule 702 (Vernon, type C). Caution: Schedule 702's regional-district figure adds together RDNO rates that apply to different bases (a land-only rate, an improvements-only rate and a land-and-improvements rate), and 'Other' includes the Vernon fire protection specified-area rate, which applies to improvements only, so the Schedule 702 total is higher than the effective rate on a property's total assessed value. Not included: utility fees, specified-area parcel taxes (RDNO Sterile Insect Release parcel tax, Okanagan Hills, Fleming Road, Aquarius Road), and the provincial additional school tax on residential properties assessed over $3 million. 2026 check against Tax Rates Bylaw 6076, 2026 (Schedule A, residential): municipal operating A1 2.18847 + RCMP A2 0.87538 + capital A3 0.37660 = total municipal rate 3.44045, plus Okanagan Regional Library 0.11510 = Schedule 702 municipal 3.55555; Regional Hospital 0.23454; Regional District F1 land only 0.02660 + F2 improvements only 0.37592 + F3 land and improvements 0.29969 = Schedule 702 regional 0.70221; Schedule 702 'Other' 0.04113 includes the Vernon fire protection specified area rate 0.00283 (improvements only); the remaining 0.03830 is BC Assessment and Municipal Finance Authority levies, which are not set in the City bylaw. School 1.46400 is set by the Province and is not in the bylaw. Okanagan Landing fire protection specified area: 0.00368 on improvements instead of the Vernon fire protection rate.

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.

Vernon's total residential rate of 0.5997% is above 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 Vernon's official property tax pages (sources 11, 12, 13, 14, 15). 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.

• Home Owner Grant

  Provincial grant that reduces property tax on a principal residence; must be received by the Province on or before July 2, 2026 to avoid the penalty on the grant portion (gov.bc.ca/homeownergrant or 1-888-355-2700). Owners paying through a mortgage, deferment or the prepayment plan must still claim it. The 2026 grant threshold is $2,075,000, reduced by $5 for each $1,000 of assessed value above it; a higher additional grant exists for seniors, veterans and persons with disabilities. Run by Province of British Columbia.

• Property Tax Deferment Program

  Provincial loan program that lets eligible B.C. homeowners defer property taxes; apply online with the Province. Outstanding utility payments are still paid to the City. If an application is denied, withdrawn or cancelled after the due date, the late penalty (and interest if applicable) applies. For taxes deferred for 2026 and later years compound interest is charged (simple interest for 2025 and earlier). Run by Province of British Columbia (Ministry of Finance).

• Property Tax Prepayment Program

  Pay next year's property taxes by automatic monthly withdrawals; prepayments earn interest credited against net tax payable. Apply with the City's enrolment form and a void cheque ([email protected]). Run by City of Vernon.

• 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.

• Speculation and vacancy tax (provincial) in force 2026

  The City of Vernon is listed by the Province as a taxable area, except the Predator Ridge resort, which is excluded. 2026 rates: 1% of assessed value for Canadian citizens or permanent residents who are not untaxed worldwide earners; 3% for foreign owners and untaxed worldwide earners (4% for foreign owners and untaxed worldwide earners from January 1, 2027). Administered by the Province.

• 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.