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:
- 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.
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)
Note 2020 data, based on the median, single-family home
