Property Tax Planning

Good property tax planning is vital, 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.

Annual property tax budgeting can be difficult as assessment values can fluctuate dramatically from year to year compounded by potential property tax rate increases. Surprise property tax increases upset tenants and landlords alike as they affect the budgeted cashflows of everyone involved.

Pre-assessment roll consultation with the BC Assessment Authority can reduce these unplanned surprises. However, it is always prudent to seek the advice and knowledge of a property tax professional and in these matters.