Chamber supports temporary tax relief for downtown

The City of Victoria continues to work on reducing the increase taxpayers will face in 2026.

Council recently passed a motion, supported by The Chamber, that will see 47 downtown properties save thousands of dollars on property taxes. The temporary tax relief is an expansion of the program that assisted businesses in the Harris Green neighbourhood last year.

“Many businesses need help right now, especially many in downtown Victoria,” Chamber CEO John Wilson said. “We’re happy that City Council is looking at ways to help and says they understand the value of investing in a thriving business community.”

Victoria has already agreed to reduce the gap between the commercial and residential tax ratios. The ratio was 3.67:1 last year, 3.5:1 this year and will drop to 3:1 by the end of the decade.

The Chamber advocates for all levels of government to focus on needs — not wants — as the economic outlook remains uncertain. For local governments, that means prioritizing policing and community safety as well as critical infrastructure.