Opportunities for Brokers
- Connecting with the Clients
- Remind clients of appeal deadline February 1st
- Advise where assessments can be found
- Give reasons why they should be concerned about their assessed values
- Make your leasing easier
- Reduce operating costs
- Current listings - Prime properties for review are:
- Where asking price is below assessment
- Spaces that are difficult to lease
- Buildings with high vacancies for a long period
- Asking rents not being obtained
- Pending deals
- If assessment is above the sale price, then the purchaser can appeal
- Previous deals where tenant does not take occupation till after October 31, 2015
- the use of the space is important in determining the mill rate for an industrial user. If a lease is negotiated then the user could get an 06 class, even if they have not moved in.
- cost of work to be done for future tenant could be deducted from the assessed value if not complete.
I have prepared a letter for brokers to send to their landlord or tenant clients, which I would be happy to share.
For more information or if you have questions, please call Peter Austin at 604 733 3282
Publications
- Reasons For Landlords To Appeal Their Property Assessments
- Developers need to Appeal the Additional School Tax (AST)
- Expected Assessed Value Changes In 2022
- 2022 Property Assessment Value Changes
- Misconceptions within the Property Assessment Process
- Additional School Tax Exemption for Developers
- Minimizing Property Tax on Development Land
- Why Such An Increase 2021 Industrial Property Taxes?
- Burnaby Industrial Properties Appear to be Over-Assessed
- Have BC Assessment Over-assessed Retail Spaces
- 2021 Property Assessment Value Changes
- Assessment Of Residential Sites Under Construction
- Should Homebuilders Be Paying Additional School Tax?
- City of Vancouver Land Averaging 2020
- Government Assistance: Property Tax
- 2020 Assessment of Apartment Properties
- Development Sites: Is The Additional School Tax Applicable?
- 2020 Property Assessment Value Changes
- BC Lower Mainland Market Update 2020
- Taxes Affecting Real Estate In 2019
- Development of Sites Under Construction - 2020
- Land Averaging For 2019 Property Tax In Vancouver
- 2019 Property Assessment Value Changes
- Understanding B.C.'s Proportional Representation Referendum (PPTX)
- Amacon Update
- Vancouver Vacancy Tax
- 2018 Property Assessment Value Changes
- 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