Vancouver Property Tax Increase 2024. According to the municipal government, compared to 2023, the proposed 7.6% increase for 2024 will translate to a $100 increase for a median condominium home worth $804,000, $170 for a median overall residential unit worth $1.37. Vancouver property owners could see steady increases of nine per cent on their property tax bills for the next five years, according to a budget outlook report presented to city council.
Vancouver property owners will see a tax increase of 7.5 per cent next year. On wednesday, city council recommended amendments to the mayor’s draft budget that slightly lowered the property tax increase from 7.4 per cent to 7.3 per cent.
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