Property taxes

Snow-covered houses and the downtown skyline are seen in Vancouver, B.C., Wednesday, Nov. 30, 2022.The British Columbia government is boosting the homeowner grant threshold to $2.125 million for this year as average property values increase by 12 per cent.THE CANADIAN PRESS/Darryl Dyck

B.C. government increases homeowner grant limit as home values rise by 12 per cent

Highest valued home in the province is a $74 million Vancouver waterfront compound

 

Still from Chilliwack Realtor Kevin Schroeder’s January 2022 Instagram video where he explains how BC Assessment increases in property value have no impact on property taxes. (Instagram @kevinschroederrealtor)

OPINION: B.C. Realtor’s explanation how property assessment increases do not affect taxes

Because it’s important, a 2nd look at Kevin Schroeder’s Instagram video on how property taxes work

 

Snow-covered houses and the downtown skyline are seen after a snowstorm, in Vancouver on November 30, 2022. British Columbia’s property assessment agency is warning homeowners that figures released next month will likely be higher than the current market value.THE CANADIAN PRESS/Darryl Dyck

B.C. property assessments higher, but market has changed: assessor

Homeowners warned they are about to receive assessments that won’t reflect current values

 

Victoria council, meeting as committee of the whole, will consider a motion on a voluntary reconciliation tax. (Black Press Media file photo)

B.C.’s capital considering voluntary Indigenous reconciliation tax for property owners

Under Victoria proposal, city taxpayers would have option to add contribution to area First Nations

Victoria council, meeting as committee of the whole, will consider a motion on a voluntary reconciliation tax. (Black Press Media file photo)
This home at 2357 Cornwall Drive was sold by the city for $150,000 at auction. It was assessed at $420,000. BC Ombudsperson filed a report saying the city failed to help a vulnerable person and sold her home over not paying $10,000 property tax. (Logan Lockhart Western News)

Update: Penticton to pay $140K to vulnerable woman who lost home over unpaid taxes

Mayor offers apology to woman who lost her home to the city after not paying $10K in taxes

This home at 2357 Cornwall Drive was sold by the city for $150,000 at auction. It was assessed at $420,000. BC Ombudsperson filed a report saying the city failed to help a vulnerable person and sold her home over not paying $10,000 property tax. (Logan Lockhart Western News)
City of Penticton is being called out for evicting and selling a vulnerable woman’s home at auction for not paying $10,000 in property taxes. (File photo)

Penticton should repay vulnerable woman after home sold to pay property tax: B.C. Ombudsperson

The City of Penticton sold the home after the woman was unable to pay $10,000 in taxes

City of Penticton is being called out for evicting and selling a vulnerable woman’s home at auction for not paying $10,000 in property taxes. (File photo)
A real estate sold sign hangs in front of a Canadian property Friday, Nov. 4, 2016. THE CANADIAN PRESS/Graeme Roy

W-shaped recovery would be ‘very severe’ without government assistance: CMHC

The corporation says the COVID-19 pandemic could trigger nearly 50 per cent drop in housing prices

A real estate sold sign hangs in front of a Canadian property Friday, Nov. 4, 2016. THE CANADIAN PRESS/Graeme Roy
The Village of Queen Charlotte council decided to reduce municipal taxes for the 2020 budget by 12 per cent at their regular meeting on April 6, 2020, to provide relief to community members and business owners during the COVID-19 pandemic. (File photo)

Queen Charlotte council recommends no increase in municipal taxes

Due to 2020 housing assessment increase, decision requires actually reducing municipal taxes by 12%

The Village of Queen Charlotte council decided to reduce municipal taxes for the 2020 budget by 12 per cent at their regular meeting on April 6, 2020, to provide relief to community members and business owners during the COVID-19 pandemic. (File photo)