Advocacy Updates Blog
Published Mar 13, 2026
City of Vancouver - Property Tax Development Potential Relief and Land Assessment Averaging
On March 10, Council approved a report in principle on Property Tax Development Potential Relief and Land Assessment Averaging. The report aims to:
- Extend the Pilot Development Potential Relief Program (“Pilot DPRP”) – which targets unrealized development potential for eligible Class 5 and Class 6 non-residential properties – to reduce the City’s general purpose tax levy on a portion of the assessed land value of eligible properties; and
- Continue Targeted 5-year Land Assessment Averaging (“Targeted Averaging”) in 2026 to reduce the impact of assessment volatility for eligible properties.
More information can be found in the full report by City staff.
