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Municipal Property Taxes


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#61 tedward

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Posted 27 June 2016 - 10:16 AM

^ OK, thanks for that link.  Wish I had found that earlier. :)

 

What a crazy way to calculate tax! 


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#62 Jason-L

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Posted 27 June 2016 - 12:13 PM

Am I understanding things correctly in that as long as your property value grows at the same or lower rate than the aggregate values, and the municipality needs also grow at the same rate, your property tax should stay flat or lower.

But if your property value grows faster than the aggregate, or the municipality needs more money faster than the aggregate grows, you'd expect to see the tax rate go up?



#63 VicHockeyFan

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Posted 27 June 2016 - 12:31 PM

I think you've hit it.

In Vancouver some are crying for a new category for condos, since their value has been rising less than houses.

People....
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#64 Rob Randall

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Posted 27 June 2016 - 12:48 PM

I think you've hit it.

In Vancouver some are crying for a new category for condos, since their value has been rising less than houses.

People....

 

I know someone with a large one-bedroom + den condo in Richmond. Probably the least desirable type of real estate there now. High taxes but not as popular as SFHs or 3-bed condos or microsuites.


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#65 VicHockeyFan

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Posted 27 June 2016 - 12:57 PM

I know someone with a large one-bedroom + den condo in Richmond. Probably the least desirable type of real estate there now. High taxes but not as popular as SFHs or 3-bed condos or microsuites.

 

I know, but their property taxes are actually falling, as house value rise. 

 

Some people (house owners) hate this and want condos thus taxed with a higher mill rate.  Right now, that's not possible, it's one mill rate for residential regardless of type.


<p><span style="font-size:12px;"><em><span style="color:rgb(40,40,40);font-family:helvetica, arial, sans-serif;">"I don’t need a middle person in my pizza slice transaction" <strong>- zoomer, April 17, 2018</strong></span></em></span>

#66 LeoVictoria

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Posted 25 April 2017 - 07:13 PM

Here's how the various municipalities have done in the last 10 years on property taxes and charges.

 

taxincrease.png

 

taxesandcharges.png

 

 

Read more: https://househuntvic...representation/


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#67 lanforod

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Posted 25 April 2017 - 07:38 PM

Saanich has really gone up recently. Grr.



#68 jonny

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Posted 26 April 2017 - 08:54 AM

So why have property taxes in Saanich gone up so much?



#69 Rob Randall

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Posted 26 April 2017 - 09:15 AM

So why have property taxes in Saanich gone up so much?

 

They forgot to cancel their Spector 360 license.


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"[Randall's] aesthetic poll was more accurate than his political acumen"

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#70 LeoVictoria

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Posted 26 April 2017 - 12:18 PM

We had to pay some $400,000 for the mayor's little spat with the CAO 


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#71 Sparky

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Posted 27 May 2017 - 06:35 AM

I received a property tax notice this week from the city of Victoria on a commercial strata property.

 

Assessed value

 

2016  $336,000

2017  $342,000

 

Increase  $6,000  0.0179 %

 

Property Tax

 

2016  $7,003.38

2017  $6.642.69

 

Decrease $360.69    0.0515%

 

This could be a first in my lifetime where I have experienced a reduction in property taxes. If you don't see a post from me for a while....I'm off to Vegas with my winnings.


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#72 spanky123

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Posted 27 May 2017 - 08:56 AM

^ Well that is because your property didn't appreciate in value at the same rate as others. It will likely catch up next year.



#73 Sparky

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Posted 27 May 2017 - 09:18 AM

^ Ya that's why I showed the assessed value change. I just wanted to wallow in the 360 bucks for a day. It's still a horrendous amount of tax for a property value of that amount. The Mayor thanked us in a flyer that came with the bill for our heavy lifting compared to residential.



#74 spanky123

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Posted 27 May 2017 - 10:31 AM

Yeah I have commercial property in Victoria as well. 'Thanks for the heavy lifting but I am not going to do anything about it!'



#75 Mike K.

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Posted 01 June 2017 - 01:35 PM

Thanks for the heavy lifting, but you're still unqualified to vote.

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#76 nerka

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Posted 01 June 2017 - 01:55 PM

Thanks for the heavy lifting, but you're still unqualified to vote.

 Say what?

 

if you own and meet a few other criteria you are a non resident elector, no?



#77 Sparky

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Posted 01 June 2017 - 02:07 PM

Yes I get one vote.

#78 Mike K.

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Posted 01 June 2017 - 02:24 PM

 Say what?

 

if you own and meet a few other criteria you are a non resident elector, no?

 

Even on the CoV's website they italicize might in their description, lol. Info: http://www.victoria....oters.html#nrpe

 

If your property is owned by a corporation or a holding company, you are ineligible to vote. Considering the majority of commercial real-estate holdings are owned by holding companies or corporations, that excludes the majority of non-resident property owners from voting as the vote is viewed as a "corporation" having voted.


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#79 nerka

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Posted 01 June 2017 - 04:03 PM

BC is the only Canadian jurisdiction where non residents get to vote at all in municipal elections.

 

You can read about eligibility here - http://www.cscd.gov....oters_guide.htm.

 

Not surprising that holding companies don't get a vote. Are there any jurisdictions where corporations are allowed to vote directly for public office?



#80 Mike K.

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Posted 02 June 2017 - 06:14 AM

Considering the reliance on commercial property taxes in this city, you'd think the city would be amenable to allowing one of a corporation's directors to hold municipal voting rights. Only allowing folks with commercial property in their own name is a great gesture but the effects are negligible.

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