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VancouverBudgetRevenue · 2023

Property taxes, penalties and interest

In 2023, the City of Vancouver took in $1.18B from property taxes, penalties and interest — 45% of its revenue, +9.4% on 2022.

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

$1.18B
raised in 2023
45% of revenue
+9.4% on 2022 · +69% since 2015
20152016201720182019202020212022
2023
20242025

Who pays it, by property class, 2023

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

Residential - class 156.8%
Business - class 640.1%
Other utilities, rec/non-profit and farm1.2%
Light industrial - class 51.0%
Major industrial - class 40.9%
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, 2023

Utility fees15% of revenue$384MGovernment transfers7.1% of revenue$186MDeveloper contributions5.6% of revenue$147MInvestment income5.6% of revenue$145MProgram fees5.5% of revenue$145MLicense and development fees4.5% of revenue$119MCost recoveries and donations4.0% of revenue$105MParking3.8% of revenue$98.6MRental, lease and other3.0% of revenue$78.9MBylaw fines0.9% of revenue$23.5MGain (loss) on sale of tangible capital assets0.0% of revenue$482k

Overview

The City’s budget, 2023All expenses, by service and by kind of cost$2.08B