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

• NDP Property Tax Increases In 2019
• Amacon Update
• Vancouver Vacancy Tax
• 2018 Property Assessment Value Changes
• Misconceptions within the Property Assessment Process
• Mayor's Council Proposal for Funding Transit
• Resolving Disputes - A New Approach
• Mixed Use Properties - Potential reclassification for Property Taxation
• Classification of Mixed Use Properties September 2016 Update
• Possible Effects of FIT on Assessments
• BC Foreign Investors Tax
• NAIOP Industrial Panel
• Classification of Mixed Use Sites - Part 2
• Opportunities for Brokers
• Valuation of Properties Under Construction
• Is Assessed Value Equal to Market Value?
• Civil Resolution Tribunal Update - October 2014
• Assessment Appeal Board Changes Classification for Mixed Use Development Sites
• Strata Civil Resolution Tribunal Update
• Reviewing Appraisals - Download
• Resolving a Rental Dispute
• How are School Taxes Calculated? | doc