Current rates, instant calculator, and everything you need to understand your property tax bill
Victoria BC's 2025 residential property tax rate is approximately 0.49200% of BC Assessment value. Victoria's rate is higher than Vancouver's but its assessed values are generally lower.
Victoria, BC's provincial capital, sits on the southern tip of Vancouver Island. Property taxes fund City of Victoria services plus school district levies set by the province. The BC Home Owner Grant reduces bills for many residents.
BC Assessment values properties at market value as of July 1 of the prior year. Victoria's 2025 combined residential rate is approximately 0.49200%.
Formula: Annual Tax = BC Assessment Value × 0.004920
| Home Value | Estimated Annual Tax |
|---|---|
| $500,000 | $2,460/yr ($205/mo) |
| $750,000 | $3,690/yr ($308/mo) |
| $1,000,000 | $4,920/yr ($410/mo) |
Enter your home's assessed value to instantly estimate your annual property tax.
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Victoria property tax is due in full by the first business day of July. Monthly Pre-Authorized Withdrawal Plans (PAW) are available to spread payments over the year.
Appeal your BC Assessment value by January 31 online at bcassessment.ca. Property Assessment Review Panels hear complaints.