PacWest Commercial Real Estate Advisors
PacWest Commercial Real Estate Advisors specialize in British Columbia Property Tax Minimization Strategies, the annual Review and Appeal of Property Assessments as well as Property Transfer Taxes througout British Columbia.
Property taxes are the single largest annual operating expense for both landlords and tenants. Property transfer taxes are based on subjective internal market valuations which can be challenged and negotiated lower based on expert evidence. A successful property tax appeal has an immediate positive impact on the bottom line performance of all real estate.
PacWest has the experience, knowledge and proven success in representing landlords and tenants in all property tax matters throughout British Columbia supported through a strategic network of property tax consultants across Canada.
Property Tax Negotiations
A proactive dialogue with the local assessment office is preferred by the BC Assessment Authority staff as it allows both parties to focus their resources on settling an appeal in a timely manner.
Property Tax Planning
Good property tax planning is critical, as property taxes make up a significant portion of the annual operating expense and holding cost of real estate. Property owners are responsible for the review of their annual property tax notices.
Property Tax Consulting
We work with property owners, tenants, property management companies, receiver managers, accountants and lawyers in the management of property taxes in British Columbia.
I have found Tim Down to be very knowledgeable, always conscientious and fair in his dealings. As a fellow professional, I would strongly recommend him as an expert in the field of real estate valuations and advisory services, specializing in property tax matters.
Jerry Kirkland, AACI, P. App. Past President, Fellow AIC
President, Kirkland, Balsom
I worked with Tim in my capacity as a receiver manager for two distressed properties. Since realty taxes are the single largest cost component for tenants in real estate it was paramount that we minimize the property assessment to the greatest extent possible.Tim’s relationships with the BC Assessment Authority and negotiating strength allowed for a personal tour of the properties by the area assessor prior to the creation of the rent roll that resulted in a very favourable assessment methodology and a reduction in property taxes as compared to the industry norm.
Principal, Greenstead Group
I worked with Tim Down at Colliers International Realty Advisors from 2002 to 2005. I found him to be very professional and well organized. The advice he provides has proven to be very accurate and well supported. I have no hesitation consulting with Tim in the future on all property assessment matters and I highly recommend his services.
Dan Campbell, AACI P. App, Associate Broker
President, Angelica Real Estate Advisory Services (AREAS)
Over the past several years Tim Down has provided diverse and comprehensive consulting advice to Ontrea, Cadillac Fairview and its various subsidiaries. Through the use and application of his extensive database and experience Tim has participated in the successful negotiation of the assessments of several of our signature buildings in the City of Vancouver with resulting benefit to our tenants. Tim’s expertise, professionalism and advocacy skills are highly recommended.
Manager, Property Tax, Cadillac Fairview Corp. Ltd.