Property Taxes

We collect property taxes each year to pay for a range of services. The annual property tax bill includes both municipal taxes and levies collected on behalf of schools, BC Assessment Authority, Greater Vancouver Regional District, TransLink and the Municipal Finance Authority. Property tax bills are mailed out each year at the end of May.

2025 Property Tax Info [PDF/2.3MB]

Property tax deadline

2025 property taxes are due July 2, 2025.

Payments can be made online or in person. We encourage you to save time and skip the line! Property owners who do not receive their property tax bill by the last week of May – particularly new owners – should contact the Tax Office immediately.

Property owners are responsible for making the payment and applying for the Home Owner Grant (if eligible) by the due date, regardless of whether or not they received a bill, problems with postal service, inclement weather or other circumstances.


Late payment penalties

A 5% penalty will be applied to current taxes if not paid before end of day on July 2, 2025. An additional 5% penalty will be added to any current taxes outstanding after September 15, 2025.

Penalties are in accordance with provincial legislation and the City has no authority to waive or modify penalty amounts.

Home Owner Grant

If you qualify for the home owner grant, you must apply each year through the Government of BC to receive the grant on your principal residence.  The home owner grant reduces the amount of property taxes you pay each year on your principal residence. The grant is available to homeowners who pay property taxes to a municipality, or to the province if they live in a rural area.


Speculation and Vacancy Tax

The speculation and vacancy tax is a part of the provincial government’s plan to make housing more affordable for people in the province. Learn more about how the speculation and vacancy tax applies to you.

For more information please visit their website or to contact their offices please email [email protected] or phone 1.833.554.2323.

2025 Residential Tax Rates

2025 Residential Tax Rates and Property Taxes for a residential property assessed at $1,108,776, which increased in value by 1.31%, will see a 4.3% increase in municipal taxes.

*The 2025 average assessed value for Class1 Residential increased by 1.31%.

CategoryRatesNo Grant
School Levy1.0230$1,134.28
Net Basic School Taxes: $1,134.28
BC Assessment Authority Levy0.0357$39.58
Metro Vancouver Levy0.0591$65.53
Translink Levy0.3141$348.27
Municipal Finance Authority Levy0.0002$0.22
Net Other Government Taxes: $1,587.88
Policing0.4244$470.56
Fire & Emergency0.3704$410.69
Recreation & Library0.2960$328.20
Infrastructure Funding0.3735$414.13
General0.2236$247.92
Engineering & Public Works0.3045$337.62
Debt Repayment0.0721$79.94
Solid Waste Levy $324.60
Net Municipal Taxes & Solid Waste $2,613.67
Total New Tax Levies $4,201.55


Frequently Asked Questions