Property taxes are the largest percentage of the City's revenue and are used to fund operations and capital projects. In 2024, the due date is July 2, 2024, and covers
January 1 to December 31, 2024.
Charges from Province of British Columbia
Approximately 40% of typical residential property tax bill costs are collected on behalf of other agencies outside the City’s budget control. These taxing authorities determine the amounts payable, and the City collects on their behalf. These external agencies include:
- Province of BC
- TransLink
- Metro Vancouver
- BC Assessment
Provincial Speculation and Vacancy Tax
The speculation and vacancy tax is an annual tax based on how owners use residential properties in areas in B.C. affected most by the current housing shortage crisis.