BC Assessments are available for viewing for a limited time. These are based on sales at and around July 2011. A little bird told me a few people are getting some interesting increases in the mail. Given our collective nous, perhaps we can figure out which property types and neighbourhoods are going to see some marked increases in property tax outlays this year and give some guesses as to how much. Remember that the City of Vancouver uses 3 year averaging and that it’s the assessment value relative to all other properties, not the absolute value, that determines property tax outlay. As well there has been a shift in property taxes from businesses to households, something that is slated to end this year. One might think that a few households are going to be rather upset if redistribution were to continue.
I haven’t looked at the numbers yet but my guess is that detached houses, especially in west side neighbourhoods, are going to see the biggest tax rise this year, with condos seeing the least rise.
