What is the tax rate? When are taxes due? How is property assessed?

Property tax & assessment — Vancouver, British Columbia: Vacancy Tax By-law No. 11674

In the City of Vancouver, British Columbia, property tax & assessment rules are set by Vacancy Tax By-law No. 11674, verified 2026-10-26. Due dates: 10th business day of April of the year that the vacancy tax notice is issued; due date set out in the supplementary vacancy tax notice.

Vacancy Tax By-law No. 11674 adopted bylaw

tax rate	1% of taxable assessed value for the 2017, 2018 and 2019 vacancy reference periods; 1.25% for the 2020 vacancy reference period; 3% for the 2021 vacancy reference period and any subsequent vacancy reference periods	s. 2.4
due dates	10th business day of April of the year that the vacancy tax notice is issued; due date set out in the supplementary vacancy tax notice	s. 2.5; s. 2.6
penalty interest	5% penalty on unpaid vacancy tax as of the 10th business day of April; 5% penalty on unpaid supplementary vacancy tax as of the due date set out in the supplementary vacancy tax notice	s. 2.7; s. 2.8

scout note

Empty Homes Tax: requires an annual property-status declaration from every residential owner; taxes vacant properties at 5% of assessed value (2023+ periods, phased up from 1% in 2017), billed with property tax.