Property Assessments

January 11th, 2006
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Vancouver Real Estate Update:

Do you disagree with you new assessment value?

By now you will have received your new assessment notices. Your values may have increased as much as 20% or more. This does not mean your property taxes will go up 20%; though they will undoubtedly go up. We have received a few calls from homeowners questioning their assessments. Should you appeal? If you can suppo ...

Tax Implications

January 6th, 2006

Vancouver Real Estate Update:  We recently had a call from a client who has moved from their principal residence and wants to rent it out. Of course, capital gains tax will become an issue when they decide to sell one day. The tax free portion of the gain will only apply on the value of the property at the time they moved out of their principal residence. Any capital appreciation from that po ...