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Doc# 206786
EXPLANATORY MEMO
2026 TAX RATE BYLAW, 2026, NO. 3336
A taxation revenue increase of 5.82% is required to fully fund the approved 2026
Financial Plan.
The following table shows the average effect on the City controlled property tax levies:
Change
Assessment
Classification
Number
of
Properties
Average
Assessed
Value
Municipal
Taxes
Annual
Monthly
%
Strata
7,863
$
554,238
$
1,438
$
83.35
$
6.95
6.15%
Single Family
3,214
$ 1,269,858
$
3,294
$
99.55
$
8.30
3.12%
Business/Other
635
$ 4,684,257
$ 29,873
$ 1,643.43
$ 136.95
5.82%
Light Industrial
79
$ 7,571,027
$ 38,154
$ 2,078.91
$ 173.24
5.76%
The following table outlines the distribution of the property taxes among the
property tax classes:
Property Class
% of Total
Property Taxation
Dollar Value
Residential (1)
52.6%
$25,075,139
Utilities (2)
0.8%
358,034
Light Industrial (5)
6.3%
3,014,181
Business & Other (6)
39.9%
18,969,300
Recreation / Non-Profit (8)
0.4%
179,430
Total
100.0%
$47,596,084
The impact of a property tax increase affects each class, or type of property, differently
depending on how the individual property assessments have changed. To adjust for
market value shifts the bylaw includes adjusted tax rates for each property class,
however the Province only allows municipalities to have one tax rate for all residential
class properties.
The residential property tax class provides the largest proportion of property tax
revenue which is consistent with most other jurisdictions. In 2026 the assessed value
of single-family homes decreased 7.25%, whereas strata (multi-family homes) have
decreased 4.51%, therefore when the overall tax rate increase of 5.82% is applied, it
has a larger impact on strata homes.
To adjust for the disproportionate change in business and light industrial properties,
the property tax ratio in 2026 will be 1:2.459 between the residential and business
class and 1:1.943 between the residential and light industrial class.
Note: The figures presented in the explanatory memo do not include any levies from other taxing
jurisdictions, only levies specifically for the City of Langley.
2026 TAX RATE BYLAW, 2026
BYLAW NO. 3336
A Bylaw to Levy property value taxes for municipal purposes
for the year 2026
The Council of the City of Langley, in open meeting assembled, enacts as follows:
1. The following tax rates appearing in Schedule "A", attached to and forming
part of this bylaw, are imposed and levied for the 2026 year for:
(1)
the municipal revenue proposed to be raised for the year from property
value taxes, as provided in the financial plan, and
(2)
the amount to be collected for the year by means of rates established by
the municipality to meet its taxing obligations in relation to another local
government or other public body;
and are imposed on the basis of the assessed value of the land and
improvements.
2. This Bylaw may be cited for all purposes as the "2026 Tax Rates Bylaw, 2026,
No. 3336".
READ A FIRST, SECOND and THIRD time this twenty-seventh day of April, 2026.
READ FINAL time this _____ day of _____, 2026
_________________________
MAYOR
_________________________
CORPORATE OFFICER
2026 Tax Rate Bylaw No. 3336
Schedule A
Municipal Taxes
"A"
General
Municipal
RCMP
Fire
Library
Infrastructure
Other
1 Residential
2.5937
1.0911
0.4760
0.1175
0.0122
0.8969
2 Utility
40.0000
16.8269
7.3409
1.8121
0.1881
13.8320
3 Supportive Housing
2.5937
1.0911
0.4760
0.1175
0.0122
0.8969
4 Major Industry
5.0395
2.1200
0.9249
0.2283
0.0237
1.7426
5 Light Industry
5.0395
2.1200
0.9249
0.2283
0.0237
1.7426
6 Business/Other
6.3773
2.6830
1.1705
0.2889
0.0300
2.2049
7 Managed Forest
10.1152
4.2553
1.8564
0.4583
0.0476
3.4976
8 Rec/Non-profit
10.1152
4.2553
1.8564
0.4583
0.0476
3.4976
9 Farm
2.5937
1.0911
0.4760
0.1175
0.0122
0.8969
Regional Tax Requisitions
Property Class
(GVRD)
Metro
Vancouver
1 Residential
0.0555
2 Utility
0.1943
3 Supportive Housing
0.0555
4 Major Industry
0.1887
5 Light Industry
0.1887
6 Business/Other
0.1360
7 Managed Forest
0.1665
8 Rec/Non-profit
0.0555
9 Farm
0.0555
Property Class