Victoria Property Tax 2026 — Mill Rate 0.5656%
British Columbia · annual residential property tax · municipal levy (separate from CRA income tax)
Quick answer — annual property tax on a $1,080,000 home
$6,108 /year
≈ $509/month escrow · mill rate 0.5656%
British Columbia's capital on Vancouver Island. Victoria residents pay BC and federal income tax under the same rules as Vancouver.
Annual property tax by home value in Victoria
| Home value | Annual tax | Monthly escrow |
|---|---|---|
| $500,000 | $2,828 | $236 |
| $750,000 | $4,242 | $353 |
| $1,000,000 | $5,656 | $471 |
| $1,500,000 | $8,484 | $707 |
| $2,000,000 | $11,312 | $943 |
| $3,000,000 | $16,968 | $1,414 |
Victoria property tax due dates (2026)
As published by the municipality. Missing a due date triggers a penalty, so these matter more than the rate does.
Property tax notice
- July 2, 2026
Eligible owners must apply for the Home Owner Grant directly through the BC provincial government — the City no longer accepts grant applications.
Due dates source: https://www.victoria.ca/home-property/property-taxes · verified 2026-08-27
Mill rate breakdown
| Component | Rate | % of total |
|---|---|---|
| Municipal | 0.3964% | 70.1% |
| Education (British Columbia) | 0.1172% | 20.7% |
| Other levies | 0.0520% | 9.2% |
| Total | 0.5656% | 100.0% |
Compare with other British Columbia cities
Annual tax shown for a $1,000,000 home, sorted lowest to highest mill rate.
| City | Mill rate | Tax on $1M home |
|---|---|---|
| Surrey | 0.3108% | $3,108 |
| Richmond | 0.3194% | $3,194 |
| Burnaby | 0.3284% | $3,284 |
| Vancouver | 0.3364% | $3,364 |
| Coquitlam | 0.3852% | $3,852 |
| Abbotsford | 0.4500% | $4,500 |
| Kelowna | 0.5150% | $5,150 |
| Nanaimo | 0.5550% | $5,550 |
Related calculators for Victoria
Buying in Victoria? Use the Land Transfer Tax calculator for the one-time purchase tax. Comparing salaries? Estimate your take-home pay in Victoria with the take-home pay calculator. Or browse all city property tax pages.
Note: 2026 Order in Council mill rate schedule (City of Victoria), linked from victoria.ca/home-property/property-taxes. Class 1 Residential TOTAL RATE is 5.6559 per $1,000 of assessed value = 0.0056559. Breakdown per the same schedule: General 3.7229 (of which General 2.1708 + Debt 0.1739 + Police 1.3782), Regional District 0.2411, School Residential (Local) 1.1719, Hospitals 0.1223, BC Assessment Authority 0.0381, MFA 0.0002, BC Transit 0.3594. Mapped to this file's components as municipal = General+Debt+Police+RegionalDistrict = 3.9640, education = School (Local) = 1.1719, other = Hospitals+AssessmentAuthority+MFA+Transit = 0.5200 (sums to 5.6559, per $1,000, i.e. /1000 for the decimal fields above).
Frequently asked questions
What is Victoria's 2026 property tax rate?
Victoria's 2026 residential mill rate is 0.5656% (0.00565590 as a decimal). On a $1,080,000 home this works out to $6,108 per year, or roughly $509 per month if your lender holds the tax in escrow. Source: https://victoria.ca/media/file/2026-mill-rate, last verified 2026-08-29.
When are Victoria property taxes due?
Victoria's 2026 property tax notice is due July 2, 2026. Eligible owners must apply for the Home Owner Grant directly through the BC provincial government — the City no longer accepts grant applications. Source: https://www.victoria.ca/home-property/property-taxes, last verified 2026-08-27. Most lenders collect property tax monthly through PITI escrow rather than waiting for the city's due date.
How is my Victoria home assessed?
Your tax is calculated as assessed value × mill rate, not market value × mill rate. British Columbia uses a public assessment authority (BC Assessment, MPAC in Ontario, etc.) to set assessed values, usually updated every 1-4 years. Assessed value typically lags market value, so the same mill rate produces different effective burdens depending on assessment cycle timing.
Are Victoria property taxes deductible on my income tax return?
Property tax on your principal residence is NOT deductible federally or provincially. It only becomes deductible when the property generates rental income (line 9180 on T776) or self-employed business income (CCA / business-use-of-home on T2125). For a principal residence, the tax is a non-deductible cost of ownership.
Why does Victoria's mill rate differ from neighbouring cities?
Each Canadian municipality sets its own residential mill rate to fund local services — police, fire, transit, parks, road maintenance — plus a provincially-set education portion. Cities with higher assessed values can raise the same revenue at a lower mill rate (Vancouver, Toronto), while cities with lower assessed values often need higher rates to fund equivalent services. Compare Victoria with other British Columbia cities in the table above.
Source: https://victoria.ca/media/file/2026-mill-rate · Last verified 2026-08-29
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