2
My buddy in Vancouver just showed me his property tax bill and I nearly choked
He bought a little condo in East Van back in 2018 for like $550k. Now his assessed value is pushing $850k and his taxes jumped almost $900 this year alone. It got me wondering how people on fixed incomes are managing these hikes. Has anyone found a way to appeal or lower their assessment that actually works?
2 comments
Log in to join the discussion
Log In2 Comments
henrys7414d ago
Jeez, I remember reading something from a tax consultant in the Georgia Straight last year. They said you can file a formal complaint if your assessment went up way more than the market average in your area, but you need comps from recent sales to back it up. Your buddy's place jumping 300k in five years sounds like the norm for East Van though, not a mistake. Most people who get reductions caught a data error, like a square footage or bedroom count being wrong.
8
oscarh1614d ago
Disagree @henrys74, most appeals win just by arguing market trends, not data errors.
2