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Current rates, instant calculator, and everything you need to understand your property tax bill
Vancouver's 2025 residential property tax rate is approximately 0.26877% of assessed value (BC Assessment). This is one of the lowest rates in Canada — but sky-high assessments mean large bills.
Vancouver consistently ranks among the world's most expensive real estate markets. While its property tax rate is very low compared to other major Canadian cities, the sky-high assessed values mean homeowners can still face significant annual bills.
The City of Vancouver uses assessments from BC Assessment, a provincial Crown corporation that values properties at their July 1 prior-year market value. The residential tax rate for 2025 is approximately 0.26877%.
Formula: Annual Tax = Assessed Value × 0.0026877
| Home Value | Estimated Annual Tax |
|---|---|
| $500,000 | $1,344/yr ($112/mo) |
| $750,000 | $2,016/yr ($168/mo) |
| $1,000,000 | $2,688/yr ($224/mo) |
Enter your home's assessed value to instantly estimate your annual property tax.
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Vancouver offers monthly pre-authorized payment plans and two annual installment dates (typically early July). The Province also offers a Home Owner Grant that can reduce residential bills.
Appeal your BC Assessment value by January 31 of the tax year. File a Notice of Complaint online at bcassessment.ca or by mail. Independent Property Assessment Review Panels hear disputes.