Oak Bay Property Tax Rate 2026
The residential rate, the taxes that add up to it, and a calculator for your home
Oak Bay's 2026 residential property tax rate is 0.5478% of assessed value, up from 0.5148% in 2025 (+6.4%). A home assessed at $500,000 pays about $2,739 a year, and one at $1,000,000 about $5,478. It is the 8th highest of the 35 British Columbia cities and towns we cover; their median rate is 0.4437%.
Oak Bay property tax calculator
The 2026 assessment, the home's market value on July 1, 2025.
The tax is the assessed value times Oak Bay's 2026 rate of 0.5478%. Flat charges on the same bill, such as water or garbage fees, are not included.
Property tax in 2026
$2,739/yr
$228 a month
At the 2025 rate (0.5148%), the same value paid $2,574: $165 less than in 2026.
How the rate adds up
A home in Oak Bay pays six separate property taxes on the same bill, each set by a different government or for a different purpose. Each is a percentage of the home's assessed value; added together, they make the 0.5478% rate.
| Tax | Rate | Tax per year on $500,000 |
|---|---|---|
| Municipal (with police) | 0.3421% | $1,710 |
| School (provincial) | 0.1172% | $586 |
| Capital Regional District | 0.0366% | $183 |
| Regional hospital district | 0.0122% | $61 |
| BC Transit | 0.0359% | $180 |
| BC Assessment and MFA | 0.0038% | $19 |
| Total in 2026 | 0.5478% | $2,739 |
| Total in 2025 | 0.5148% | $2,574 |
It includes Greater Victoria's BC Transit levy.
Property tax at different home values
| Assessed value | Tax per year | Tax per month |
|---|---|---|
| $400,000 | $2,191 | $183 |
| $600,000 | $3,287 | $274 |
| $800,000 | $4,382 | $365 |
| $1,000,000 | $5,478 | $456 |
| $1,500,000 | $8,217 | $685 |
| $2,000,000 | $10,956 | $913 |
British Columbia cities and towns compared
| Whistler | 0.2775% | 0.2603% | +6.6% | $1,388 |
| West Vancouver | 0.3239% | 0.2938% | +10.2% | $1,619 |
| District of North Vancouver | 0.3282% | 0.3033% | +8.2% | $1,641 |
| Burnaby | 0.3284% | 0.2977% | +10.3% | $1,642 |
| Vancouver | 0.3364% | 0.3118% | +7.9% | $1,682 |
| Surrey | 0.3427% | 0.3108% | +10.3% | $1,714 |
| City of North Vancouver | 0.3477% | 0.3218% | +8% | $1,738 |
| Richmond | 0.3538% | 0.3194% | +10.8% | $1,769 |
| Township of Langley | 0.3617% | 0.3349% | +8% | $1,808 |
| Port Coquitlam | 0.3775% | 0.3497% | +8% | $1,888 |
| Coquitlam | 0.3852% | 0.3515% | +9.6% | $1,926 |
| Delta | 0.3958% | 0.3660% | +8.1% | $1,979 |
| Squamish | 0.4148% | 0.3801% | +9.1% | $2,074 |
| Bowen Island | 0.4175% | 0.3861% | +8.1% | $2,087 |
| City of Langley | 0.4207% | 0.3808% | +10.5% | $2,103 |
| Port Moody | 0.4291% | 0.3939% | +8.9% | $2,146 |
| White Rock | 0.4319% | 0.3833% | +12.7% | $2,159 |
| Mission | 0.4437% | 0.4001% | +10.9% | $2,218 |
| Abbotsford | 0.4521% | 0.4124% | +9.6% | $2,260 |
| Maple Ridge | 0.4536% | 0.4189% | +8.3% | $2,268 |
| Pitt Meadows | 0.4622% | 0.4222% | +9.5% | $2,311 |
| Kelowna | 0.4741% | 0.4449% | +6.6% | $2,370 |
| New Westminster | 0.4793% | 0.4364% | +9.8% | $2,397 |
| West Kelowna | 0.4943% | 0.4612% | +7.2% | $2,472 |
| Saanich | 0.5201% | 0.4938% | +5.3% | $2,600 |
| Langford | 0.5335% | 0.4924% | +8.4% | $2,668 |
| Courtenay | 0.5409% | 0.5153% | +5% | $2,704 |
| Oak Bay | 0.5478% | 0.5148% | +6.4% | $2,739 |
| Victoria | 0.5656% | 0.5203% | +8.7% | $2,828 |
| Penticton | 0.5686% | 0.5338% | +6.5% | $2,843 |
| North Cowichan | 0.6088% | 0.5618% | +8.4% | $3,044 |
| Campbell River | 0.6370% | 0.6113% | +4.2% | $3,185 |
| Kamloops | 0.6854% | 0.6476% | +5.8% | $3,427 |
| Nanaimo | 0.7312% | 0.6909% | +5.8% | $3,656 |
| Prince George | 0.9712% | 0.9382% | +3.5% | $4,856 |
How homes are assessed in British Columbia, with the same table, is on the British Columbia property tax rates page.
Oak Bay Property Tax: Quick Answers
What is the property tax rate in Oak Bay?
In 2026, it is 0.5478% of a home's assessed value. It adds up six taxes: municipal (0.3421%), school (0.1172%), Capital Regional District (0.0366%), regional hospital district (0.0122%), BC Transit (0.0359%) and BC Assessment and MFA (0.0038%). It includes Greater Victoria's BC Transit levy.
How much is property tax on a house in Oak Bay?
About $2,739 a year on a home assessed at $500,000, $4,108 at $750,000 and $5,478 at $1,000,000.
How is property tax calculated in Oak Bay?
The tax is the home's assessed value times the rate: $500,000 × 0.5478% = $2,739. B.C. assesses homes every year at their market value of the July before.
Did property tax go up in Oak Bay in 2026?
The rate went up 6.4%, from 0.5148% in 2025 to 0.5478%. A bill also changes with the home's assessment.
Work out your own numbers
- Property tax estimator: the tax on your home's assessed value
- Annual cost of ownership calculator: property tax with insurance, utilities and upkeep
- Understanding property taxes before you buy
- Income needed to buy a home in each city, with property tax in the monthly cost
Other provinces
Source: Oak Bay, 2026 tax rates; 2025 tax rates. Rates are for a residential home and include the school or education tax; flat fees on the same bill are not included.
The information presented on HousingPortal.ca is intended for general illustrative purposes only. While the information is believed to be reliable, it cannot be guaranteed for accuracy, completeness, or currency. Neither HousingPortal.ca and its employees, nor any other party identified in this guide/report, assumes any liability for the information provided. The views and opinions expressed by the analysts at HousingPortal.ca are their own and should not be considered as investment advice. It is recommended that you seek the advice of a licensed real estate professional before making any decisions regarding real estate investments.