Burnaby Property Tax 2026 — Mill Rate 0.2978%
British Columbia · annual residential property tax · municipal levy (separate from CRA income tax)
Quick answer — annual property tax on a $1,350,000 home
$4,020 /year
≈ $335/month escrow · mill rate 0.2978%
A major Metro Vancouver city. Burnaby residents pay BC provincial tax plus federal tax — same rules as Vancouver.
Annual property tax by home value in Burnaby
| Home value | Annual tax | Monthly escrow |
|---|---|---|
| $500,000 | $1,489 | $124 |
| $750,000 | $2,233 | $186 |
| $1,000,000 | $2,978 | $248 |
| $1,500,000 | $4,466 | $372 |
| $2,000,000 | $5,955 | $496 |
| $3,000,000 | $8,933 | $744 |
Compare with other British Columbia cities
Annual tax shown for a $1,000,000 home, sorted lowest to highest mill rate.
| City | Mill rate | Tax on $1M home |
|---|---|---|
| Surrey | 0.3108% | $3,108 |
| Vancouver | 0.3115% | $3,115 |
| Richmond | 0.3194% | $3,194 |
| Coquitlam | 0.3450% | $3,450 |
| Abbotsford | 0.4500% | $4,500 |
| Victoria | 0.4600% | $4,600 |
| Kelowna | 0.5150% | $5,150 |
| Nanaimo | 0.5550% | $5,550 |
Related calculators for Burnaby
Buying in Burnaby? Use the Land Transfer Tax calculator for the one-time purchase tax. Comparing salaries? Check Burnaby take-home pay. Or browse all city property tax pages.
Note: Source year 2025 final; Class 1 residential. Among the lowest rates in BC.
Frequently asked questions
What is Burnaby's 2026 property tax rate?
Burnaby's 2026 residential mill rate is 0.2978% (0.00297750 as a decimal). On a $1,350,000 home this works out to $4,020 per year, or roughly $335 per month if your lender holds the tax in escrow. Source: https://www.burnaby.ca/services-and-payments/taxes-and-utilities/property-tax-rates, last verified 2026-04-29.
When are Burnaby property taxes due?
Burnaby bills property taxes annually, typically with two or four installments through the year. Exact due dates vary by city — check https://www.burnaby.ca/services-and-payments/taxes-and-utilities/property-tax-rates for the current schedule. Most lenders collect property tax monthly through PITI escrow rather than waiting for the city's lump-sum due date.
How is my Burnaby home assessed?
Your tax is calculated as assessed value × mill rate, not market value × mill rate. British Columbia uses a public assessment authority (BC Assessment, MPAC in Ontario, etc.) to set assessed values, usually updated every 1-4 years. Assessed value typically lags market value, so the same mill rate produces different effective burdens depending on assessment cycle timing.
Are Burnaby property taxes deductible on my income tax return?
Property tax on your principal residence is NOT deductible federally or provincially. It only becomes deductible when the property generates rental income (line 9180 on T776) or self-employed business income (CCA / business-use-of-home on T2125). For a principal residence, the tax is a non-deductible cost of ownership.
Why does Burnaby's mill rate differ from neighbouring cities?
Each Canadian municipality sets its own residential mill rate to fund local services — police, fire, transit, parks, road maintenance — plus a provincially-set education portion. Cities with higher assessed values can raise the same revenue at a lower mill rate (Vancouver, Toronto), while cities with lower assessed values often need higher rates to fund equivalent services. Compare Burnaby with other British Columbia cities in the table above.
Source: https://www.burnaby.ca/services-and-payments/taxes-and-utilities/property-tax-rates · Last verified 2026-04-29