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VancouverBudgetRevenue · 2024

Property taxes, penalties and interest

In 2024, the City of Vancouver took in $1.27B from property taxes, penalties and interest — 40% of its revenue, +7.4% on 2023.

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

$1.27B
raised in 2024
40% of revenue
+7.4% on 2023 · +82% since 2015
201520162017201820192020202120222023
2024
2025

Who pays it, by property class, 2024

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

Residential - class 156.9%
Business - class 639.9%
Major industrial - class 41.1%
Light industrial - class 51.1%
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, 2024

Developer contributions15% of revenue$480MUtility fees13% of revenue$426MInvestment income5.5% of revenue$172MProgram fees4.9% of revenue$155MCost recoveries and donations4.6% of revenue$144MGovernment transfers4.5% of revenue$144MLicense and development fees4.2% of revenue$132MParking3.4% of revenue$107MRental, lease and other3.0% of revenue$95.1MBylaw fines0.7% of revenue$23.4MGain (loss) on sale of tangible capital assets0.4% of revenue$13.4M

Overview

The City’s budget, 2024All expenses, by service and by kind of cost$2.30B