Business to home tax rate
3.50 times the residential rate (municipal tax)
Steady this year (−4.8%, within ±5%). 5.1% Rising over 4 years.
Down 4.8% in a year. Up 5.1% since 2021.
Who decides what
Main decision-maker: City of Victoria Council Show all
| Body | What it decides | Law or bylaw | Last decision | Next decision |
|---|---|---|---|---|
| City of Victoria Council | Adopts the financial plan by bylaw each year, then sets property tax rates by bylaw before May 15. | Community Charter, s. 165 Community Charter, s. 197 | Five Year Financial Plan Bylaw, 2026 (No. 26-040) and 2026 tax rates adopted May 7, 2026 | 2027 financial plan, then tax rate bylaw before May 15, 2027 |
Councils: last general local election October 17, 2026; next on October 19, 2030, the third Saturday of October set by the Local Government Act, s. 52.
The first row is the main decision-maker. Each row says what a body decides and links to the law, order or bylaw that gives it that role. It does not say who caused a change: markets, households and other governments also move these numbers. Who decides what, for every measure · How we choose
Over time
Business rate ÷ residential rate, municipal tax
2025 Times, by year
- 3.5 times
M municipal election: Oct 15, 2022
Ticks on the top edge mark general election days for the governments listed under “Who decides what”. Results often lag decisions by years. About these ticks
More charts (1)
Municipal tax rates, dollars per $1,000 of assessed value
2025 Per $1,000, by year
- Residential 3.37 per $1,000
- Business and other 11.82 per $1,000
M municipal election: Oct 15, 2022
Ticks on the top edge mark general election days for the governments listed under “Who decides what”. Results often lag decisions by years. About these ticks
Show the numbers as a table
| Period | City of Victoria |
|---|---|
| 2025 | 3.5 |
| 2024 | 3.7 |
| 2023 | 3.8 |
| 2022 | 3.6 |
| 2021 | 3.3 |
| Period | Residential | Business and other |
|---|---|---|
| 2025 | 3.37 | 11.82 |
| 2024 | 3.06 | 11.24 |
| 2023 | 2.81 | 10.70 |
| 2022 | 2.89 | 10.53 |
| 2021 | 3.22 | 10.71 |
In plain words
The City’s municipal tax rate for business and other properties divided by its rate for homes, per $1,000 of assessed value.
How we decide “Steady this year. Rising over 4 years.”
The change is 4.8% of the earlier value, below the 5% threshold. Over 4 years (since 2021) the change is 5.1% of the earlier value, at or above the 5% threshold, so the label also says Rising over 4 years.
2025: Business and Other 11.8167 ÷ Residential 3.3749 = 3.50. 2024: 11.2419 ÷ 3.0569 = 3.68. 2021: 3.33.
Outcome measures read Better, Worse or About the same; published government targets read Ahead of, On or Behind target; value-judgement measures read Rising, Falling or Steady in a neutral colour. A change smaller than the agency's own margin of error, or otherwise smaller than 5% of the earlier value, is About the same (or Steady). No change is calculated across a marked break in a series. The rule.
Keep in mind
Why it matters. It shows how the City splits its tax between businesses and homes. Shown for context, without a better or worse label.
- Calculated here: the City’s municipal tax rate for “Business and Other” divided by its rate for “Residential”, both from the Annual Report’s Property Tax Rates table (dollars per $1,000 of assessment).
- Municipal rates only. School, regional and hospital rates are set by other bodies.
- A ratio does not show who pays more in total: that depends on the total assessed value in each class.
- The City’s Financial Plan policy (Five Year Financial Plan Bylaw, 2026, Schedule 5, Policy 2.0) aims to reduce the business to residential tax ratio to no more than 3.5 to 1 in 2025; 3.4 to 1 in 2026; 3.3 to 1 in 2027; 3.2 to 1 in 2028; 3.1 to 1 in 2029; 3.0 to 1 in 2030. The policy does not say whether it uses this same calculation, so no target label is shown.
Which places
Area: City of Victoria
The City of Victoria municipality only, all neighbourhoods.
Included
- All City of Victoria neighbourhoods, including Downtown, James Bay, Fairfield, Fernwood, Oaklands, Hillside/Quadra, North Park, Burnside, Victoria West, Rockland, Jubilee and Gonzales
Not included
- Saanich, Oak Bay, Esquimalt, Langford and every other municipality in the region
Official definition
How the agency describes it: City of Victoria (municipality).
How we got it
This number is published by the agency as shown; it is not calculated here. The script reads it from the agency’s own document and refuses to show it unless the expected text is found.
Licence and credits
This figure is public but not under an open licence: the agency publishes it for anyone to read, and it is shown here with credit and a link to the agency’s terms. About licences.
- Licence
- Public data, not under an open licence. Used with attribution. Agency’s terms of use
- Updated by agency
- Yearly (audited report published mid-year); latest release Jul 17, 2026
- Retrieved
- Nov 11, 2026, 9:15 PM B.C. time
Source: City of Victoria, Annual Report 2025 (Property Tax Rates 2021 - 2025). Public document, used with attribution; not endorsed by the publisher.
Spot a mistake?
Email [email protected]. Fixes are listed in the corrections log.