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VancouverBudgetRevenue · 2021

Property taxes, penalties and interest

In 2021, the City of Vancouver took in $982M from property taxes, penalties and interest — 42% of its revenue, +5.0% on 2020.

Source: City of Vancouver, Statement of Financial Information 2025.

$982M
raised in 2021
42% of revenue
+5.0% on 2020 · +40% since 2015
201520162017201820192020
2021
2022202320242025

Who pays it, by property class, 2021

Share of property-tax revenue by property class, as the City prints it.

Residential - class 156.9%
Business - class 640.0%
Light industrial - class 51.1%
Major industrial - class 41.0%
Other utilities, rec/non-profit and farm1.0%
About these figures

Each year is read from the newest Statement of Financial Information that prints it; later reports restate earlier years.

Source: City of Vancouver, Statements of Financial Information, five-year statistical review (unaudited; Internet Archive copies): 2019 · 2020 · 2021 · 2022 · 2023 · 2024 · 2025

See also

The other sources, 2021

Developer contributions17% of revenue$385MUtility fees15% of revenue$339MGovernment transfers5.6% of revenue$131MCost recoveries and donations4.5% of revenue$105MLicense and development fees4.0% of revenue$92.6MParking3.5% of revenue$80.4MProgram fees3.5% of revenue$80.4MRental, lease and other2.9% of revenue$66.6MInvestment income1.4% of revenue$31.5MBylaw fines1.1% of revenue$25.4MGain (loss) on sale of tangible capital assets0.2% of revenue$4.6M

Overview

The City’s budget, 2021All expenses, by service and by kind of cost$1.78B