Vancouver’s residential property tax rate is approximately 0.27% of assessed value. The rate is low because Vancouver’s property values are high: even a small percentage of a high assessment raises a substantial amount per home. Vancouver owners can also face levies that most Canadian cities don’t charge, set out below. The property tax in Canada page explains how rates and assessments combine and compares cities.
| Component | Details |
|---|---|
| Residential tax rate | ~0.27% |
| Per $1,000 assessed value | $2.70 |
| Assessment authority | BC Assessment |
| Assessment frequency | Annual (July 1 reference date) |
| Assessment notices mailed | January |
| Tax due date | Early July |
Vancouver Property Tax by Assessed Value
| Assessed Value | Annual Tax | Monthly |
|---|---|---|
| $800,000 | $2,160 | $180 |
| $1,000,000 | $2,700 | $225 |
| $1,250,000 | $3,375 | $281 |
| $1,500,000 | $4,050 | $338 |
| $1,750,000 | $4,725 | $394 |
| $2,000,000 | $5,400 | $450 |
| $2,500,000 | $6,750 | $563 |
These are before the home owner grant. The grant phases out on homes assessed over $2,150,000; who qualifies and the current amount are under the BC home owner grant. For other values, use the property tax calculator.
Other Vancouver and BC Levies
- Empty Homes Tax. The City of Vancouver taxes homes that are empty or not used as a principal residence, and every owner must declare each year. The rate, exemptions and deadlines are in vacant home taxes in Canada.
- BC speculation and vacancy tax. A separate provincial tax applies to residential property in designated areas, including Vancouver, based on how each owner used it and where they report income; see the BC speculation and vacancy tax.
- School tax surcharge. BC adds a provincial school tax of 0.2% on the part of a property’s value between $3 million and $4 million, and 0.4% above $4 million.
- Regional and TransLink levies. The Metro Vancouver regional levy and the TransLink levy are included in the base rate.
BC Assessment
BC Assessment values Vancouver homes as of July 1 of the year before, and notices arrive in early January. If you disagree with your value, you file a complaint by January 31, and the review panel’s decision can go to the Property Assessment Appeal Board; appealing your property assessment has the steps and evidence.
Paying Vancouver Property Tax
| Method | Details |
|---|---|
| TIPP (Tax Instalment Payment Plan) | Monthly pre-authorized withdrawals; enroll at vancouver.ca |
| Full annual payment | Due early July |
| Online banking | Add “City of Vancouver” as payee using your folio number |
| In person | City Hall cashiers |
Vancouver adds a 5% penalty to any balance unpaid after the July due date. BC’s rules on delinquent taxes and tax sales are in what happens if you don’t pay property tax.
Buying in Vancouver also brings BC’s property transfer tax, B.C.’s version of the land transfer tax.
Sources
The figures and rules on this page come from these sources, last checked against them on September 25, 2026. How we check facts.
- BC Laws: Assessment Act
- MPAC: Request for Reconsideration (RfR)
- Tribunals Ontario: Filing an Appeal - Tribunals Ontario