Property taxes

Businesses are getting creative to keep cash flowing. (File photo)

‘Clerical error’ will have Trail taxpayers bucking up tax shortfall in 2024

“This means all tax classes were undercharged in 2023,” the city states.

 

Shelley Robinson, a homeowner of waterfront property in Honeymoon Bay, holds a notice from the property assessment review panel upholding BC Assessment's valuation of the property at $2.3 million, despite the fact that the home and property are in a dilapidated state. (Jason Anson photo)

Fixed-income B.C. senior ‘bullied’ by $12,000 tax bill for waterlogged home

Frustrations continue with mounting BC Assessment as regulation deters upgrade of decaying property

 

B.C. Seniors Advocate Isobel Mackenzie has been encouraging seniors to consider using the deferral program, saying it can provide “meaningful cost relief.” (Trevor Crawley/Black Press)

B.C. seniors advocate urges those eligible to defer 2023 property taxes

The province is encouraging residents 55+ to use its deferral program amid rising living costs

 

Chart: FraserInstitute.org

Canada’s ‘Tax Freedom Day’ fell on June 19

In 2023, the average Canadian family (with two or more people) will pay $64,610 in total taxes

Chart: FraserInstitute.org
Warm summer weather typically brings out crowds to Aldergrove’s Twilight Drive-In, which announced they’re closing in fall 2024. (Aldergrove Star files)

Lower Mainland’s Twilight Drive-In announces it will close

1 of B.C.’s last outdoor theatres will shutter at end of 2024 summer season, due to property taxes

Warm summer weather typically brings out crowds to Aldergrove’s Twilight Drive-In, which announced they’re closing in fall 2024. (Aldergrove Star files)
BC Seniors Advocate Isobel Mackenzie is urging senior homeowners struggling with the rising costs of living and aging to consider deferring their 2023 property taxes. Photo: Lia Crowe

B.C. senior homeowners encouraged to consider property tax deferral

Eight out of ten seniors in B.C. are homeowners with modest or low incomes …

BC Seniors Advocate Isobel Mackenzie is urging senior homeowners struggling with the rising costs of living and aging to consider deferring their 2023 property taxes. Photo: Lia Crowe
Trail taxpayers are subject to a 4.5 per cent hike in property taxes.

Trail tax bills in the mail

Home Owner Grant must be claimed before paying Trail property taxes

Trail taxpayers are subject to a 4.5 per cent hike in property taxes.
Office towers, condos and apartment buildings are seen in downtown and the west end of Vancouver, on Thursday, January 19, 2023. British Columbia is expanding the tax it created to clamp down on real estate speculation and ensure homes in rental-strapped communities don’t sit empty. A statement from the Ministry of Finance says the Speculation and Vacancy Tax now includes the municipalities of North Cowichan, Duncan, Ladysmith, Lake Cowichan, Lions Bay and Squamish. THE CANADIAN PRESS/Darryl Dyck

B.C. extends reach of property tax aimed at turning empty houses into rental homes

Finance Ministry says speculation tax now includes the North Cowichan, Duncan, Ladysmith, Lake Cowichan, Lions Bay and Squamish

Office towers, condos and apartment buildings are seen in downtown and the west end of Vancouver, on Thursday, January 19, 2023. British Columbia is expanding the tax it created to clamp down on real estate speculation and ensure homes in rental-strapped communities don’t sit empty. A statement from the Ministry of Finance says the Speculation and Vacancy Tax now includes the municipalities of North Cowichan, Duncan, Ladysmith, Lake Cowichan, Lions Bay and Squamish. THE CANADIAN PRESS/Darryl Dyck
Photo: Black Press media file

Trail taxpayers will see a 4.5 per cent rate hike

Property taxes must be paid in full by July 4

Photo: Black Press media file
Photo: File

Montrose looking at 6 per cent tax hike

6 per cent parcel taxes increase; first since 2016

Photo: File
Kootenay Careeer Development Society bought and renovated the building at 1499 Bay Ave. in 2019. The society took over the WorkBC contract for the Lower Columbia on April 1 that year. Photo: Trail Times

Trail council: PEERS presents, residents amplify concerns

Four people address Trail council in-person during public question period

Kootenay Careeer Development Society bought and renovated the building at 1499 Bay Ave. in 2019. The society took over the WorkBC contract for the Lower Columbia on April 1 that year. Photo: Trail Times
The best time to apply for the grant is in May after homeowners have received both their BC Assessment notice and their municipal property tax notice. Photo: Unsplash

Homeowner grants remain unchanged for West Kootenay

Assessment roll and jurisdiction numbers are needed to apply

The best time to apply for the grant is in May after homeowners have received both their BC Assessment notice and their municipal property tax notice. Photo: Unsplash
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

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
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

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)
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

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
Read the regional ‘2021 Review’ at rdkb.com. Image: rdkb.com

Report gives financial snapshot of Kootenay-Boundary

The online document is highlighted by attention-grabbing imagery of the region

Read the regional ‘2021 Review’ at rdkb.com. Image: rdkb.com
Image: City of Trail

Trail property taxes due Monday, July 4

10 % penalty applied on unpaid taxes & unclaimed grant amount after property tax due date of July 4

Image: City of Trail
Rossland property taxes must be received at City Hall by 4 p.m. on July 4 or residents will incur a 10 per cent penalty

Rossland property taxes due

City of Rossland is reminding residents to pay their property taxes before July 4 deadline

Rossland property taxes must be received at City Hall by 4 p.m. on July 4 or residents will incur a 10 per cent penalty
The application window for seniors to apply to defer property taxes is between May 1 and Dec. 31, 2022. Photo: Unsplash

Property tax deferral option opens for B.C. low-income seniors

The City of Trail mailed out property tax notices last week

The application window for seniors to apply to defer property taxes is between May 1 and Dec. 31, 2022. Photo: Unsplash
Alternative minimum tax (AMT) is a separate method of tax calculation made by Canada Revenue Agency (CRA) that runs in parallel with a taxpayer’s regular income tax calculation.

Looking at the alternative minimum tax calculation

An AMT amount paid can be carried forward and credited up to seven years …

  • Mar 24, 2022
Alternative minimum tax (AMT) is a separate method of tax calculation made by Canada Revenue Agency (CRA) that runs in parallel with a taxpayer’s regular income tax calculation.