REASONS TO APPEAL YOUR PROPERTY ASSESSMENTS

2011 ASSESSMENT APPEAL DEADLINE: Monday January 31st.

  1. Why should landlords and property managers attempt to lower property tax?
  2. Obtaining reductions can reduce total operating costs making the building more competitive when leasing space;
  3. The building will be worth more in the future;
  4. 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;
  5. Lower expenses create higher net rents, which will increase values.
  6. It is good tenant relations to return a tax cheque at year end;
  7. A review shows the tenants that the landlord cares.
  8. 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 is currently Chair of the BC Chapter of the Canadian Property Tax Association.

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