The City of Vancouver’s finance team is projecting a total property tax increase in 2026 of seven per cent but warns “a number of material risks or unknowns” could impose additional costs over and above that projection.
A staff report that goes before city council June 18 says increases in costs to maintain existing service levels in 2026 is driving what could be a property tax hike in the five to six per cent range.
Additionally, staff are conducting their number-crunching exercise on prior direction from council to incorporate a one per cent increase in property tax to address the City’s infrastructure deficit, bringing the total hike to seven per cent.
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