Reasons to Appeal Your Property Assessments
2012 ASSESSMENT APPEAL DEADLINE: Tuesday January 31st.
Why should landlords and property managers attempt to lower property tax?
- Obtaining reductions can reduce total operating costs making the building more competitive when leasing space;
- The building will be worth more in the future;
- Maintaining a competitive and equitable assessment provides value to properties performing well, and significant tax relief to owners of properties experiencing valuation concerns based upon physical or market circumstances;
- Lower expenses create higher net rents, which will increase values.
- It is good tenant relations to return a tax cheque at year end;
- A review shows the tenants that the landlord cares.
- Fiduciary duty
If you have any questions please contact Peter Austin at paustin@telus.net
Peter Austin has been in involved in the assessment industry for some 30 and was a partner at Burgess Austin Appraisers for 25 years. He was Chair of the BC Chapter of the Canadian Property Tax Association for 5 years.
Further information can be found at www.austinrealestateconsultants.ca
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