Property tax in Victoria 2026

What the rate is made of

Share	Rate	On $2,000,000
Municipal	0.37%	$7,446
Regional	0.08%	$1,522
Education	0.12%	$2,344
Total	0.57%	$11,312

Against neighbouring cities

City	Rate	On $2,000,000
Courtenay	0.54%	$10,817
Qualicum Beach	0.55%	$11,070
Victoria	0.57%	$11,312
Penticton	0.58%	$11,596
Peachland	0.59%	$11,856

Property transfer tax

On a $2,000,000 building the tax is $38,000. The schedule is provincial and single: no municipality in British Columbia levies a second one, and the number of units changes nothing. What sets Victoria apart from its neighbours is its property tax rate, not its transfer tax.

Your assessment follows the market every year

BC Assessment reassesses every property every year, at market value as of the previous July 1 (2025-07-01 for the 2026 roll). A sale is not ignored: the price you pay feeds the next roll.

In practice, in Victoria a building bought at $2,000,000 ends up taxed on that price, or $11,312 a year. There is no hidden liability to watch for as in Ontario, and no bargain either: the gap between your assessment and your price closes within one roll. Plexmeter starts from your actual tax bill.

What is the property tax rate in Victoria?

Victoria's rate is 0.57%. On a $2,000,000 plex that is $11,312 a year.

What value is B.C. property tax calculated on?

BC Assessment reassesses every property every year, at market value as of the previous July 1.

Property tax in Victoria