A new β‐pyrochlore compound with complex composition of Cs(V3+0.0625V5+0.5625Te4+0.34375Te6+1.03125)O6 has been synthesized by a solid‐state reaction and characterized by single‐crystal X‐ray diffraction and thermal analysis. The compound possesses the typical cubic symmetry with space group
, however some of the oxygen atoms shift from the special position 48 f to the general crystallographic positions 32e, 96 g and 96 h. This shift is caused by complex B‐site composition with mixed‐valence vanadium and tellurium atoms, especially the presence of the large Te4+ ion. The locations of the valence band and conduction band edges were determined experimentally under vacuum conditions by X‐ray photoelectron spectroscopy, UV‐visible and impedance spectroscopy and evaluated theoretically for water solutions. The photocatalytic ability of the compound under visible light irradiation was determined using the methylene blue decomposition process as an example. The nature of the active radical species and possible dye degradation pathway were suggested according to experimental data.