Victoria Property Tax Calculator 2026: 0.566% Rate
Victoria's 2026 residential rate is 0.5656% of assessed value, about $7,364 a year on the $1,302,000 benchmark home. Enter the value from your assessment notice to see your own bill for the year and the month, where Victoria sits among the 20 British Columbia cities here, and who sets the value you are taxed on.
How the rate for Victoria is built. 2026 total Class 1 residential rate from BC Ministry of Municipal Affairs Schedule 702 'Totals' row: municipal 3.7229 + regional district 0.2411 + regional hospital district 0.1223 + provincial school 1.1719 + other (BC Assessment + Municipal Finance Authority) 0.3977 = 5.6559 per $1,000.
| What the bill usually adds or leaves out | |
|---|---|
| Flat charges for water, sewer, garbage or stormwater, where the city bills them separately | not included |
| Local improvement charges and business improvement area levies | not included |
| Provincial or municipal homeowner grants and seniors' deferrals that lower the bill | not included |
| A change in the assessment when the roll is updated or the home is sold | not modelled |
Show the math
Annual tax = assessed value × total residential rate. The rate is the sum of the municipal levy, the provincial or school education levy and any regional, transit or library levy that is charged on value, exactly as the city publishes it for 2026. Cities that publish mill rates (per $1,000) or rates per $100 of assessment are converted to a percentage. The assessed value comes from your province's assessment body, which is not the market value: Ontario still uses January 1, 2016 values, BC uses July 1 of the previous year, Alberta July 1 of the previous year, Quebec a three-year roll. The ranking compares the rates published by the 20 British Columbia municipalities in our data, not every municipality in the province.
What property tax costs on a typical Victoria home
Victoria's benchmark home price is $1,302,000 (2026-08). If the assessment matched that price, the tax would be $7,364 a year, $613.67 a month. With 10% down at 4.5% over 25 years, the mortgage on that home is $6,686.65 a month, so with heat and insurance the cost of owning it is about $7,550 a month. Property tax is 8% of that, a small part of the monthly cost, because the mortgage dominates at this price.
Against rent, the tax alone is 29% of the $2,120 average two-bedroom apartment rent in Victoria. The rent vs buy page for Victoria runs the whole comparison, and the mortgage page shows the income needed to qualify.
Property tax in Victoria by assessed value
At the 2026 residential rate of 0.5656%.
| Assessed value | Tax per year | Per month |
|---|---|---|
| $400,000 | $2,262 | $188.53 |
| $600,000 | $3,394 | $282.80 |
| $800,000 | $4,525 | $377.06 |
| $1,000,000 | $5,656 | $471.33 |
Who sets the assessed value in Victoria
The value on your notice comes from BC Assessment, a provincial Crown corporation, every year, with notices mailed in January. For 2026 it reflects July 1 of the previous year. A 2026 assessment reflects the market on July 1, 2025. When prices fall after that date the assessment lags for a year, and the appeal deadline is January 31. Victoria sets only the rate, when council passes the budget.
How the rate for Victoria is built
2026 total Class 1 residential rate from BC Ministry of Municipal Affairs Schedule 702 'Totals' row: municipal 3.7229 + regional district 0.2411 + regional hospital district 0.1223 + provincial school 1.1719 + other (BC Assessment + Municipal Finance Authority) 0.3977 = 5.6559 per $1,000.
How Victoria compares in British Columbia
Victoria is 17th of 20 British Columbia cities, in the high-rate third. A $600,000 assessment costs $3,394 a year, $1,424 more than in North Vancouver. High rates usually go with lower home values, so the bill on a typical local home is often closer to the province's other cities than the rate suggests.
| Cities near Victoria's rate | Rank | Rate | Tax on $600,000 |
|---|---|---|---|
| Kelowna | 13 of 20 | 0.476% | $2,856 |
| Chilliwack | 14 of 20 | 0.479% | $2,873 |
| New Westminster | 15 of 20 | 0.479% | $2,876 |
| Saanich | 16 of 20 | 0.520% | $3,120 |
| Victoria | 17 of 20 | 0.566% | $3,394 |
| Kamloops | 18 of 20 | 0.685% | $4,112 |
| Nanaimo | 19 of 20 | 0.731% | $4,387 |
| Prince George | 20 of 20 | 0.971% | $5,828 |
All 20 British Columbia cities, ranked, are on the main property tax page and in the calculator above.
Run a mortgage or accounting practice in Victoria? Put one of our calculators on your site and we will list you on this page at no cost. See how it works.
See the main property tax page for how the calculation works and every city in the data, or the mortgage payment calculator to add the tax to a monthly housing cost.
Common questions
Frequently asked questions
- What is the property tax rate in Victoria?
- 0.5656% of assessed value for residential property in 2026, including the education portion. 2026 total Class 1 residential rate from BC Ministry of Municipal Affairs Schedule 702 'Totals' row: municipal 3.7229 + regional district 0.2411 + regional hospital district 0.1223 + provincial school 1.1719 + other (BC Assessment + Municipal Finance Authority) 0.3977 = 5.6559 per $1,000.
- How much is property tax on a typical home in Victoria?
- Victoria's benchmark home price is $1,302,000. At the 2026 rate the tax on that value is about $7,364 a year, $613.67 a month. Your assessment is usually not the same as the price, so check the value on your notice and enter that instead. In British Columbia it is set by BC Assessment, a provincial Crown corporation as of July 1 of the previous year.
- Who decides the assessed value of my home in Victoria?
- BC Assessment, a provincial Crown corporation, every year, with notices mailed in January. The 2026 value is based on July 1 of the previous year. A 2026 assessment reflects the market on July 1, 2025. When prices fall after that date the assessment lags for a year, and the appeal deadline is January 31. The city sets the rate, not the value, when it passes its budget.
- Is property tax high in Victoria?
- By rate it is the 17th lowest of the 20 British Columbia cities in our data. That usually goes with lower home values, so the bill on a typical Victoria home is closer to the other cities than the rate suggests.
Sources
Sources
Every figure on this page comes from one of these primary sources. Data last verified .
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