Comments on: Property tax & assesments

By: DaMann

DaMann — Thu, 26 Apr 2007 14:39:00 +0000

What's wrong with this weather? Everyone wants to live here and they will pay any price to do so right?

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By: the pope

the pope — Thu, 26 Apr 2007 11:52:00 +0000

Thanks for your thoughts guys - I agree that taxes will have a tendency to rise whether home prices go up or down as they are in the US.Offtopic: Geez this was depressing weather to return to after strolling around in shorts and a T shirt. I know its going to warm up here soon, I've just got to hold on for another month or so.

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By: SL

SL — Thu, 26 Apr 2007 09:09:00 +0000

Thoughts:-BC Assessment is one of the most progressive and responsive assessment organizations in North America. Lots of counties & municipalities do a really poor job.-Your 2007 assessment is based on a valuation date of July 1, 2006 so if the market swings fast, there will always be a lag.-As the City of Vancouver redistributes more of the tax burden on residential properties, they will be more sensitive to changes.-City budgets keep rising, and there is a lot of talk these days about the feds downloading to the provinces, and the provinces downloading to the municipalities. For various resons, budgets tend to rise, not fall.(I don't work for BCA or a government.)

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By: Crabman

Crabman — Thu, 26 Apr 2007 05:58:00 +0000

If property taxes went up significantly, it would have an effect on the number of vacation home owners in Vancouver. One of the advantages to owning a second home here is the low tax rate.

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