The Regular City Council Meeting held on February 7th, 2017 included the following presentations:
- BC Assessment Presentation
- Property Taxes Explained
The presentation materials from the meeting are available for viewing:
Property Taxes Explained by Cheryl Harding, Director of Financial Services
Presentation by BC Assessment representative, Brian Smith
The full video recording of the meeting is available on the Council Meeting page; just click on the video link for the February 7, 2017 meeting.
Have more questions about property assessment and how it affects property tax rates? Check out this short video explanation:
Provincial Property-based Taxes Study Update (2017)
On April 29, 2016 the Board of Directors for the Metro Vancouver Regional District (MVRD) passed a motion requesting an update of a 1988 Metro Vancouver study entitled Real Property Taxation Issues in Greater Vancouver, focusing on Metro Vancouver's overall property tax burden and benefits relative to the rest of the province. Cascadia Strategy Consulting Partners Ltd. (Cascadia), an independent team of subject matter experts in public finance and economics, was requested to update the 1988 MVRD study, focusing specifically on the Home Owner Grant, Provincial School Property Tax, and Property Transfer Tax. This document outlines how each have been impacted by rising property values, resulting in increased Provincial tax burden within the region.
If you have any questions you are encouraged to contact:
Cheryl Harding, Director of Financial Services