Money in: Funding the budget

2021 operating revenue, $1,597 million

59% -  Property tax

21%  - Utility fees

5% - Licence and development fees

4% - Parking

4% - Cost recoveries, grants, and donations

2% - Program fees

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:

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.

21% -  Provincial school taxes, net of home owners grant

15%  - Metro Vancouver (tax and utilities)

7% - Translink

1% - BC Assessment and Municipal Finance Authority

56% - City of Vancouver (tax and utilities)

 2020 data, based on the median, single-family home

How does the 2021 Budget affect my property taxes?