Victoria indicatorsBusiness to home tax rate
3.40 times the residential rate (municipal tax)
City policy cap. Targets and comparisons
Source: City of Victoria. We read it on Nov 12, 2026.
Over time
Business rate ÷ residential rate, municipal tax
2026 Times, by year
- 3.4 times
City policy cap
M municipal election: Oct 15, 2022; Oct 17, 2026
More charts (1)
Municipal tax rates, dollars per $1,000 of assessed value
2026 Per $1,000, by year
- Residential 3.72
- Business and other 12.67
M municipal election: Oct 15, 2022; Oct 17, 2026
Targets and comparisons
Adopted target
Target met. 3.4 to 1 against the yearly cap of 3.4 to 1 for this period. At or under the cap reads Target met; over it reads Missed, or Just over target when the gap is 0.5% of the target or less. The policy prints no formula for the ratio; the ratio calculated here equalled the cap in 2025 and in 2026.
Target: 3.4 to 1, set by Victoria City Council. Five Year Financial Plan Bylaw, 2026 (No. 26-040), Schedule 5.
Adopted target: Victoria City Council’s Financial Plan policy aims to reduce the business to residential tax ratio to no more than 3.5 to 1 in 2025, 3.4 in 2026, 3.3 in 2027, 3.2 in 2028, 3.1 in 2029 and 3.0 in 2030. The chart draws the cap that applies to each year shown. The policy prints no formula for the ratio. The ratio calculated here from the City’s published rates was 3.50 in 2025 and 3.40 in 2026, the same as the caps for those years.
Source: Five Year Financial Plan Bylaw, 2026 (No. 26-040), Schedule 5, City of Victoria, adopted May 7, 2026. Area: City of Victoria. Updated: Yearly, with the City budget. Licence: Public document, not under an open licence. Quoted with attribution.
Show the numbers as a table
| Period | City of Victoria |
|---|---|
| 2026 | 3.4 |
| 2025 | 3.5 |
| 2024 | 3.7 |
| 2023 | 3.8 |
| 2022 | 3.6 |
| 2021 | 3.3 |
| Period | Residential | Business and other |
|---|---|---|
| 2026 | 3.72 | 12.67 |
| 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 |
Who decides
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
Show the law and the dates
| 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.
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
What this number does not show
- Calculated here: the City’s municipal tax rate for business divided by its rate for residential (dollars per $1,000 of assessment). 2021 to 2025 are from the Annual Report’s Property Tax Rates table (rows “Residential” and “Business and Other”). 2026 is from Schedule 1 of Tax Bylaw No. 26-030 (Total Municipal column, rows “Residential” and “Business”), which sets the same rates before the year is audited.
One more limit
- Municipal rates only. School, regional and hospital rates are set by other bodies.
Not measured yet in city finances: city staff positions. See all 17 gaps
In plain words
Down 2.8% in a year. Up 2.1% since 2021.
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”
The change is 2.8% of the earlier value, below the 5% threshold.
2026: Business and Other 12.6712 ÷ Residential 3.7229 = 3.40. 2025: 11.8167 ÷ 3.3749 = 3.50. 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.
All notes on this number
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 divided by its rate for residential (dollars per $1,000 of assessment). 2021 to 2025 are from the Annual Report’s Property Tax Rates table (rows “Residential” and “Business and Other”). 2026 is from Schedule 1 of Tax Bylaw No. 26-030 (Total Municipal column, rows “Residential” and “Business”), which sets the same rates before the year is audited.
- 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 prints no formula for the ratio. The ratio calculated here from the City’s published rates was 3.50 in 2025 and 3.40 in 2026, the same as the caps for those years. The cap is drawn for each year 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 (tax bylaw adopted each spring; audited report mid-year); latest release Jul 17, 2026
- Retrieved
- Nov 12, 2026, 12:46 PM B.C. time
Source: City of Victoria, Annual Report 2025 (Property Tax Rates 2021 - 2026). Public document, used with attribution; not endorsed by the publisher.
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