Victoria property tax

Rates per $1,000 of taxable assessed value, residential (Class 1), from Province of BC Local Government Statistics Schedule 702. Not included: utility user fees and parcel taxes, the provincial additional school tax on residential properties assessed over $3 million, and any local area service charges that apply only to some properties. Matches the City of Victoria 2026 Property Tax Mill Rate sheet and Tax Bylaw, 2026 (Bylaw No. 26-030), Schedule 1: municipal 3.7229 = general 2.1708 + debt 0.1739 + police 1.3782; Capital Regional District 0.2411; Capital Regional Hospital District 0.1223; school (residential, local) 1.1719; 'Other' 0.3977 = B.C. Transit 0.3594 + BC Assessment 0.0381 + M.F.A. 0.0002; total rate 5.6559. The City's mill rate sheet also lists Additional School Tax for specific residential properties: 0.2000 (>3,000,000) and 0.4000 (>4,000,000).

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.

Victoria's total residential rate of 0.5656% 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 Victoria's official property tax pages (sources 11, 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; owners apply to the Province each year (online or 1-888-355-2700), not to the municipality, and should apply by the tax due date to avoid penalty. The 2026 grant threshold is $2,075,000; the grant is reduced by $5 for each $1,000 of assessed value over the threshold. Higher 'additional grant' for seniors, veterans and persons with disabilities. Run by Province of British Columbia (the City no longer accepts applications).

• BC Property Tax Deferment Program

  Provincial loan program that lets eligible B.C. homeowners defer current-year property taxes. For taxes deferred for 2026 and later years, compound interest is charged (simple interest for 2025 and earlier). Apply to the Province by the tax due date. Run by Province of British Columbia.

• Pre-Authorized Payment Program

  Monthly pre-payment of next year's property taxes by bank debit on the first day of each month, August to May (10 months); the remaining balance is debited on the July due date. Enrol by mailing the Pre-Authorized Debit Agreement with a void cheque. Run by City of Victoria.

• Heritage Tax Incentive Program

  Tax incentive for owners of downtown Heritage Designated buildings to offset seismic upgrading costs for residential conversion of existing upper storeys. Run by City of Victoria.

• 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 Victoria is listed by the Province as a taxable area for the B.C. speculation and vacancy tax. 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 and collected by the Province, not the municipality.

• Reconciliation Contribution Fund (voluntary) in force 2026

  Voluntary contribution, paid separately from property taxes, passed to the Songhees Nation and Xwsepsəm (Esquimalt) Nation. Not a tax; no amount is required.

• 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.