2023 operating revenue, $1,971 million
59% - Property taxes
20% - Utility fees
5% - Licence and development fees
4% - Parking
4% - Program fees
3% - Cost recoveries, grants, and donations
2% - Rental, lease, and other
1% - By-law fines
1% - Investment income
1% - Revenue sharing
To fund our annual budget, the majority of the money we use to run the city comes from property taxes and utility fees collected from homeowners and businesses. The remainder comes from:
- User fees and parking revenue
- Development contributions such as Development Cost Levies, Community Amenity Contributions, and connection fees
- Partner contributions from senior levels of government, other agencies, non-profit organizations, foundations, and philanthropists
- Debt and investment income
Where do my property taxes go?
About half of the property taxes collected funds city services; the rest goes to the Province and other taxing authorities including regional services such as transit, supplying drinking water, and treatment of wastewater.
25% - Provincial School Tax (net of home owner grant) $2,110
12% - Metro Vancouver (tax and utilities) $1,070
7% - TransLink -$562
1%- BC Assessment and Municipal Finance Authority $87
55% - City of Vancouver (tax and utilities) $4,679
Information icon 2022 data, based on average, single-family detached home
