Victoria Regional Transit Commission sets new property tax rates for transit funding

Plain-language summary · AI-assisted · not legal advice

The Victoria Regional Transit Commission has established property tax rates to fund regional transit for the fiscal year beginning April 1, 2026. Residential, managed forest, recreational and farm properties (Classes 1, 3, 8 and 9) will be taxed at $0.3594 per $1,000 of net taxable value. Commercial, industrial, business, light industrial and major industry properties (Classes 2, 4, 5, 6 and 7) will be taxed at $1.9408 per $1,000 of net taxable value. These rates apply to land and improvements across the Victoria regional transit service area, excluding property taxable for school purposes only under a special Act. Property owners and businesses in the region should expect these charges to appear on their annual property tax bills.

Who this affects: residential property owners in the Victoria transit region · commercial and industrial property owners in the Victoria transit region · farm and managed forest landowners in the Victoria transit region · business operators owning or leasing taxable property in Greater Victoria