Minimizing Property Taxes in 2013

Now is a good time to review your portfolio to make sure that you are doing everything possible to minimize the tax burden.

The classification of development land has become increasingly complicated after the 2010 change in regulations. Properties with any permitted commercial or industrial could be potentially impacted by this change.

The most optimum position is to be classed (01) residential, however steps may be needed to do that. The next best position is class (08) park or garden which attracts a lesser rate than (06) business the "catchall" class. Properties with any permitted commercial or industrial uses are candidates for a review now.

Any changes must be made by October 31^st, as it is the state and condition at this date that matters. The legal description of the site is relevant as of November 30^th and can affect assessed value and taxes paid.

Publications

• Expected Assessed Value Changes In 2024
• 2024 Property Assessment Value Changes
• Whistler and Pemberton 2023 Assessed Values
• 2023 Assessment Update
• 2023 Property Assessment Value Changes
• Expected Assessed Value Changes In 2023
• Potential Property Tax Relief For Local Businesses
• Reasons For Landlords To Appeal Their Property Assessments
• Developers need to Appeal the Additional School Tax (AST)
• 2022 Property Assessment Value Changes
• Misconceptions within the Property Assessment Process
• Additional School Tax Exemption for Developers
• Minimizing Property Tax on Development Land
• Assessment Of Residential Sites Under Construction
• Should Homebuilders Be Paying Additional School Tax?
• Development Sites: Is The Additional School Tax Applicable?
• Vancouver Vacancy Tax
• Resolving Disputes - A New Approach
• BC Foreign Investors Tax
• NAIOP Industrial Panel
• Opportunities for Brokers
• How are School Taxes Calculated? | doc