Understanding your property tax notice

3 weeks ago


Vancouver BC, Canada Vancouver Food Policy Council Full time

Land assessment averaging gives property owners temporary tax relief by phasing in tax increases due to changes in land values set by BC Assessment.
While averaging does not increase or decrease the City’s tax revenue, it affects the amount of taxes paid by individual property owners.
By March 31 each year, Council decides whether to continue to use averaging to calculate property taxes and the eligibility criteria and requirements for averaging.
Since 2015, the City of Vancouver has used targeted land assessment averaging to calculate property taxes as recommended by the Property Tax Policy Review Commission in 2014. We transitioned from three to five year targeted averaging in 2019.
Under targeted averaging, only properties facing significant year-over-year increases in property values above a certain threshold ("hot" properties) will be eligible for averaging.
For eligible "hot" properties, the program calculates property taxes for the City and other taxing authorities using an average of the assessed land value for the current and prior four years, plus their current assessed improvement value.
The benefit of averaging is limited to the threshold percentages indicated below. A property's averaged value cannot be reduced below the applicable threshold.
All other properties would continue to pay property taxes based on their current year BC Assessment value.
Your main tax notice will indicate averaging has been applied to your property if the taxable land value is different from the current year assessed land value.
What properties are eligible for averaging
Your property is eligible for averaging if it:
Is a residential (class 1), light industrial (class 5), or business and other (class 6) property
The taxable value has increased over a threshold since last year
Is not otherwise exempt under the Land Assessment Averaging Bylaw
If your property isn't eligible, it will be taxed based on its assessed value, just like in other BC cities.
Tax rates for property classes eligible for averaging
Find this year's residential (class 1) property tax rate.
Find this year's light industry (class 5) property tax rate.
Find this year's business and other properties (class 6) tax rate.
Contact information, partner agencies, and website policies
#J-18808-Ljbffr



  • Vancouver, BC, Canada Vancouver Food Policy Council Full time

    Land assessment averaging gives property owners temporary tax relief by phasing in tax increases due to changes in land values set by BC Assessment. While averaging does not increase or decrease the City’s tax revenue, it affects the amount of taxes paid by individual property owners. By March 31 each year, Council decides whether to continue to use...


  • Vancouver, Canada Vancouver Food Policy Council Full time

    Land assessment averaging gives property owners temporary tax relief by phasing in tax increases due to changes in land values set by BC Assessment.While averaging does not increase or decrease the City’s tax revenue, it affects the amount of taxes paid by individual property owners.By March 31 each year, Council decides whether to continue to use...


  • Vancouver, Canada Wesgroup Properties Full time

    **Disclaimer**: The estimated salary range provided by Indeed is not reflective of the actual salary. Wesgroup Properties offers a highly competitive salary and total compensation package. Details of the total compensation package, including salary, will be discussed during the confidential phone interview portion of our screening. Wesgroup Properties...


  • Vancouver, Canada FirstService Residential Full time

    **About FirstService Residential**: - FirstService Residential transforms the property management landscape by providing professional association management services to over 9,000 residential communities across the United States and Canada.Our dedication to associate satisfaction and growth is recognized by our Great Place to Work certification,...


  • Vancouver, Canada Wesgroup Properties Full time

    **Disclaimer**: The estimated salary range provided by Indeed is not reflective of the actual salary. Wesgroup Properties offers a highly competitive salary and total compensation package. Details of the total compensation package, including salary, will be discussed during the confidential phone interview portion of our screening. Wesgroup Properties...


  • Vancouver, Canada The City of Vancouver Full time

    **Requisition ID**:39279 **Organization** Located on the traditional, ancestral and unceded lands of the xʷməθkʷəy̓əm (Musqueam), Sḵwx̱wú7mesh (Squamish), and səlilwətaɬ (Tsleil-Waututh) Peoples, Vancouver has a commitment to becoming a City of Reconciliation. Vancouver consistently ranks as one of the world’s most liveable cities and is...


  • Vancouver, Canada Smythe Full time

    **Manager, Canadian Tax** **Our firm** Smythe LLP is a leading professional services firm with offices in Vancouver, Langley, and Nanaimo. Since 1980, Smythe has assisted clients in BC, Canada, and across the border with all their assurance, taxation, valuation, insolvency, and advisory needs. Smythe’s clients include private, public, family-owned, and...


  • Vancouver, BC, Canada Forge Recruitment Full time

    About the Company Our client, a prominent commercial real estate firm, is looking to hire a Commercial Property Accountant for their office in Surrey. About the Role Under the supervision of the Controller, the Commercial Property Accountant will be responsible for managing the full-cycle accounting process for designated commercial properties. What You...

  • Property Accountant

    2 weeks ago


    Vancouver, BC, Canada Morguard Full time

    PURPOSE The Property Accountant is accountable to the Manager, Accounting or Supervisor, Accounting for the timely and accurate completion of all accounting activities for an assigned portfolio of real estate investments and for ensuring financial reporting is timely, accurate and is completed in compliance with company’s accounting policies and...

  • Tax Manager

    4 days ago


    Vancouver, Canada Canfor Full time

    **Posting ID**: - 25640 **Position Type**: - Regular **City**: - Vancouver, BC, Canada **Location**: - Vancouver H/O - Canfor Corp_1060 **Tax Manager** We are seeking a motivated and analytical individual who thrives on new challenges. If you are committed to personal growth and dedicated to supporting organizational goals, we want you on our team....

  • Tax Manager

    4 weeks ago


    Vancouver, BC, Canada HMW Recruiters Inc. Full time

    Title Tax Manager - will consider a strong Tax Senior Category Public Pratice CareerLevel Manager EducationRequirement CPAIn-depth tax Description International tax and accounting firm has an immediate opening for tax staff. As a Manager, you will be responsible for managing compliance and tax provisions for a wide variety of clients that include...

  • Property Agent

    3 weeks ago


    Whistler, BC, Canada Whistler Personnel Solutions Full time

    Whistler Resort Management is on the hunt for a Strata Property Agent to join their dynamic team. Starting wage in the range of $26 to $28 per hour plus additional compensation for projects, extended health benefits, fuel supplement and an annual wellness benefit. Get your foot in the door of the property management industry offering excellent career...

  • Manager, Tax Services

    3 weeks ago


    Vancouver, BC, Canada DMCL CPA LLP Full time

    DMCL LLP Chartered Professional Accountants is searching for a seasoned tax professional with an entrepreneurial mindset who wants to be an integral part of our rapidly growing tax practice and firm. The ideal candidate has a passion for helping clients, solving problems, thinking outside the box and developing tax staff and capabilities. Our tax team is a...


  • Vancouver, Canada H&R Building Management Inc. Full time

    **Responsibilities**: - Handle tenant inquiries and provide excellent customer service. - Maintain tenant and property management files. - Update tenant information, send reminders, and manage data in the system. - Track and report tenant arrears, follow up on payments, and send default letters if needed. - Coordinate service requests and communicate with...


  • Vancouver, BC, Canada DMCL CPA LLP Full time

    About the Role:  DMCL LLP Chartered Professional Accountants is searching for a seasoned tax professional with an entrepreneurial mindset who wants to be an integral part of our rapidly growing tax practice and firm. The ideal candidate has a passion for helping clients, solving problems, thinking outside the box and developing tax staff and capabilities. ...


  • Vancouver, Canada Bosa Properties Full time

    About the Company: Bosa Properties Inc. (“BPI”) is a fully integrated real estate development and asset management company driven by progress and committed to help move communities forward. Ours is a story of evolution; it all began with excellence in construction many decades ago - and a focus on delivering for people. We strive to make each other and...


  • Vancouver, Canada Smythe Full time

    **Manager, US Corporate Tax** **Our firm** Smythe LLP is a leading professional services firm with offices in Vancouver, Langley, and Nanaimo. Since 1980, Smythe has assisted clients in BC, Canada, and across the border with all their assurance, taxation, valuation, insolvency, and advisory needs. Smythe’s clients include private, public, family-owned,...


  • Vancouver, Canada Amacon Full time

    About Us Driven by a passion for detail and a tradition of excellence in design and architecture, Amacon is recognized as one of Canada’s most influential real estate development and construction firms. With five decades of development and construction expertise, a precise level of design and craftsmanship is evident in all the homes and commercial...

  • Head of Tax

    4 weeks ago


    Vancouver, Canada Alida Full time

    **About Alida** - Alida believes in a world where customers are respected as the ultimate source of truth. Because knowing the whole truth about your customers—even the parts that are hard to hear—can help companies make better decisions that drive long-term customer loyalty and growth. That’s why Alida created its Total Experience Management...

  • Intern, Tax

    4 weeks ago


    Vancouver, Canada Bosa Properties Full time

    About The Company: Bosa Properties Inc. (“BPI”) is an end-to-end real estate company offering human-centered solutions for property development and management. Based out of Vancouver, Canada, our team of in-house experts work across residential, commercial and master-planned projects, with a growing residential portfolio that includes more than 22,000...