Victoria

All dollar amounts on this page are in Canadian dollars.

City introduction

Victoria is the capital city of British Columbia, located on the southern tip of Vancouver Island on the Pacific coast. The city sits on the homelands of the Songhees Nation and the Esquimalt Nation, and it serves as the economic and entertainment centre of the Capital Region, a metropolitan area of roughly 400,000 people. The City's own annual report describes a community of approximately 94,000 residents (the 2021 Census counted 91,867) with a dynamic economy and a vibrant arts and culture scene.

The city is made up of 13 neighbourhoods and is governed by a mayor and council supported by roughly 1,200 municipal employees. As the seat of the provincial government and home to the British Columbia Parliament Buildings, Victoria combines its role as a government and services centre with a significant tourism economy centred on its harbour, heritage downtown and gardens.

Source: City of Victoria — City of Victoria, Annual Report 2023 ("Welcome to Victoria — Capital City of British Columbia").

Combined chart

Victoria property tax increase, Canada inflation, and Canadian dollar Real CEER, 2015–2026

Bars: City of Victoria residential property tax annual increase.

Lines: Canada inflation (Canada CPI annual average, Statistics Canada) and Canadian dollar Real CEER (Bank of Canada). CEER is on the separate right axis and is not a percentage.

Bars — Victoria residential property tax increase
Line — Canada inflation (Statistics Canada CPI annual average)
Line — Canadian dollar Real CEER — Bank of Canada, annual average of monthly values, total index (1999=100)

Scope notes

All charted figures are the City's residential property tax increase. Taxes collected for other authorities are not part of this series.

The chart uses the residential figure only. Victoria publishes one overall levy increase and, since 2025, distributes it unevenly between property classes: the residential figures are 8.18% (2025) and 9.34% (2026), while the overall figures (6.99% and 7.28%) are not residential increases and are never charted; the 2026 residential figure is made up of policing 5.06% and other City services 2.22%. For 2021 and 2022 only an overall figure was published (2.03% and 3.89%, a residential/commercial mix), so the chart shows No data for those years; the overall figures are recorded in the trend table below with their own scope label. No adopted figure was located for 2023 (third-party reports conflict with each other) or for 2024 (only a draft-framed official page states a figure), so both years are No data. Draft figures of 12.17% (2025) and 13.31% (2026) were proposals only and are not used.

A year shown as “No data” has no bar for property tax and no line point for that series. A missing year breaks a line: no line segment crosses a gap, and no value is interpolated. Inflation for 2026 is not yet published as an annual average. Each Canadian dollar Real CEER value is the annual average of the 12 monthly total Real CEER values from the Bank of Canada (a computed annual average, not a figure the Bank publishes directly as an annual value). CEER is an index on a separate right axis and is not a percentage. CEER for 2026 is No data because the year is incomplete.

Data behind the chart

The data table below carries one row per year, in year order, with the tax increase, the inflation value and the CEER value for that year, or “No data” where a series has no verified figure.

Year	City of Victoria residential property tax increase	Canada inflation — Statistics Canada CPI annual average	Canadian dollar Real CEER — Bank of Canada, annual average of monthly values, total index (1999=100)
2015	No data	1.1%	110.0
2016	No data	1.4%	108.4
2017	No data	1.6%	110.0
2018	No data	2.3%	109.3
2019	No data	1.9%	108.6
2020	No data	0.7%	108.0

Year	City of Victoria residential property tax increase	Canada inflation — Statistics Canada CPI annual average	Canadian dollar Real CEER — Bank of Canada, annual average of monthly values, total index (1999=100)
2021	No data	3.4%	113.0
2022	No data	6.8%	113.0
2023	No data	3.9%	108.4
2024	No data	2.4%	107.6
2025	8.18%	2.1%	104.9
2026	9.34%	No data	No data

Sources for this chart:

City of Victoria property tax increase, 2025: City of Victoria, Engage Victoria — 2025 Budget
City of Victoria property tax increase, 2026: City of Victoria, City Budget page
Canada inflation, 2015–2025: Statistics Canada, Table 18-10-0005-01, CPI annual average. The 2026 annual average is not yet published.
Canadian dollar Real CEER, 2015–2025: Bank of Canada, Valet series CEER_BROADM, total index (1999=100), source file; explainer, Canadian effective exchange rates. Each value is the annual average of the 12 monthly total Real CEER values (a computed annual average, not a figure the Bank publishes directly as an annual value). CEER for 2026 is No data because the year is incomplete.

Housing property-tax historical trend

The trend uses one measure only: the residential property tax increase (the overall combined figure is labelled separately and is never charted). Each row is the figure for that year on that one measure. A year with no verified figure on that measure is shown as No data.

Year	Figure
2015	No data
2016	No data
2017	No data
2018	No data
2019	No data
2020	No data

Year	Figure
2021	2.03% (overall — residential and commercial combined; not the residential figure)
2022	3.89% (overall — residential and commercial combined; not the residential figure)
2023	No data
2024	No data
2025	8.18%
2026	9.34%

Separate note — tax rates, not the trend

This note is separate from the trend above and is not part of it. A residential tax rate per $1,000 of assessed value can move even when the levy increase is small, because the assessment base changes. Rate figures are therefore not used as the trend and are not mixed into the increase chart.

Municipal portion (City of Victoria only), residential class, from the City's adopted tax bylaws/reports:

Year	Municipal residential rate per $1,000	Notes	Source
2022	2.8874	municipal rate as reported to Council	Council report, 2022 Tax Rates, https://pub-victoria.escribemeetings.com/filestream.ashx?DocumentId=79494
2026	3.7229	= General 2.1708 + Debt 0.1739 + Police 1.3782 (Tax Bylaw 2026, No. 26-030, adopted May 7, 2026). The total 2026 residential rate including regional district, hospital, school, transit and other authorities is 5.6559 per $1,000	City of Victoria, Tax Bylaw 2026, https://www.victoria.ca/media/file/2026-property-tax-bylaw; City of Victoria, 2026 mill rate schedule, https://www.victoria.ca/media/file/2026-mill-rate

Method

This trend uses one metric only, every year: the residential property tax increase (the overall combined figure is labelled separately and is never charted).

Where a city publishes an increase as components, the components are recorded in the scope notes; a total is used only where the city itself publishes it.

Canada inflation is Statistics Canada, Table 18-10-0005-01, CPI annual average. Canadian dollar Real CEER is Bank of Canada, Valet series CEER_BROADM, total index (1999=100); each value is the annual average of the 12 monthly total Real CEER values (a computed annual average, not a figure the Bank publishes directly as an annual value).

How to read this page

Bars are the Victoria residential property tax increase. Lines are Canada inflation and Canadian dollar Real CEER.

The left axis is a percentage axis shared by the bars and the inflation line. The right axis is a separate index axis for Canadian dollar Real CEER only. CEER is an index and is not a percentage.

A year shown as “No data” has no bar for property tax and no line point for that series, and a missing year breaks a line.

Tax rates per $1,000 are separate from the trend and are not charted.

Sources

City of Victoria introduction: City of Victoria, Annual Report 2023 ("Welcome to Victoria — Capital City of British Columbia")
City of Victoria: City of Victoria, adopted 2021–2025 Financial Plan
City of Victoria: City of Victoria Council report, Revenue and Tax Policy / 2022 Tax Rates (Committee of the Whole, April 4, 2022)
City of Victoria: City of Victoria, Engage Victoria — 2025 Budget
City of Victoria: City of Victoria, City Budget page
Statistics Canada, Table 18-10-0005-01: CPI annual average
Bank of Canada, Valet series CEER_BROADM: Real CEER source file

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This page is an independent guide. It is not a government site and it is not an official site. It is general information only and is not tax advice. Check the official City of Victoria source before relying on a figure.