It’s time to pay municipal taxes—and time to question whether the system is as fair as it should be. In Vancouver, the City determines how much of its revenues will come from residential property, and how much will come from commercial property. Mill rates are set accordingly by the City, however the value of Assessments are predetermined by an independent provincial agency. Appeals of these assessments are adjudicated by a panel appointed by the provincial cabinet.
The following note was written to shed some light on the current situation in Northeast False Creek—specifically the tax assessments for the 12 acres of undeveloped land owned by Concord Pacific.