The case for a cap on the property tax gap
For more details
The Case for a Cap on the Property Tax Gap
Property Tax Report (2010)
Business owners across BC pay on average 3 times more property tax than residents on the same value property, according to the latest report issued by CFIB.
The trend exposed in this report is alarming. In 1990, the average property tax gap was 1.80. By 2009, the gap has reached 2.94 to 1.
It’s worse in BC’s major municipalities where 82 per cent of the population live: the average gap is 3.30 to 1. The worst offenders are Coquitlam (4.98 to 1), Vancouver (4.84 to 1) and North Vancouver City (4.09 to 1). This means that for an average property in Vancouver worth $944,916, a resident pays $3950 and a business pays $18,376.
Links to regional backgrounders:
Mainland/Southwest
Vancouver Island/ Coast
Thompson Okanagan
Northeast
Kootenay
Nechako
Cariboo
North Coast
