REASONS TO APPEAL YOUR PROPERTY ASSESSMENTS
2011 ASSESSMENT APPEAL DEADLINE: Monday 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 is currently Chair of the BC Chapter of the Canadian Property Tax Association.