Property Tax Agents: Why Would an Owner Use One?
The amount of taxes paid is the function of the value determined by BC Assessment times the mill rate for the prescribed class.
But it is not that simple. There are over 500 Supreme Court cases and numerous Assessment Appeal Board decisions, as well as the Assessment Act and Government regulations, that complicate the process.
BC Assessment determine the values by using comparable properties. Both sales and rental knowledge of the comparables is essential.
An agent working on property tax issues full time has accumulated significant knowledge and has learnt to navigate around the system. Through their experience and professional relationships with assessors, they can advise their client on the best ways to minimize their taxes.
Market value does not always equal assessed value, which must be equitable with the neighbours. Agents have the tools to make those comparisons. Assessment value must be the lower of market value or equitable value.
Should I Appeal?
- Is Your Property Assessment Correct?
- Are You Paying Too Much Property Tax?
- What Can We Do For You?
- General Assessment Review Guideliness
- Assessment Review Checklist
- 7 Reason Why Landlords and Property Managers Should Review Property Assessments
- What Tenants Ought to Know
- Residential Development Sites
- Is Assessed Value Equal to Market Value?