Property Tax Update October 2014
Important Dates
October 31st: Property will be assessed based upon the state and condition of your property at this date; physical, zoning and use.
November 30th: Assessment will be based upon the legal status of the property at this date. This is relevant for subdivision, stratification or assembly as value can be affected by the status.
November 5th: We can obtain Property Valuation Summaries (PVS) in advance. Please advise if you would like us to obtain these.
December 04th: Assessment roll valuation closes. Any changes in the property need to be given to BCA prior to this date in time to make changes to the roll.
January 02nd: Assessment notices will be sent out.
February 02nd: Appeal deadline.
Photographs
Photos to show the state of your property should be taken on October 31st:
- Properties under development;
- Buildings being demolished or to be demolished;
- Unfinished interior for retail or office or industrial space.
Mixed Use Classification
The Amacon decision (see website article ‘Assessment Appeal Board Changes Classification…’) has been appealed by BC Assessment. The decision allowed for a.) a site that was zoned for several specific uses and b) where those were the only uses permitted (eg. a site zoned for 2 commercial FSR and 3 residential FSR) to have split classification whereas BCA currently classifies the site totally commercial 06.
Any mixed use development site should be reviewed to see if it qualifies for a split class.
Consultation
Please call us if you:
- Require clarification on the tax consequence of any action you propose to take;
- Would like us to obtain Property Valuation Summaries in advance;
- Would like us to take photographs for you.
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