Property Taxes
This is one of those good news, bad news entries. The bad news is that property taxes increased by 6.4%. The good news, the homeowner grant has increased $100 from $470 to $570, for properties under $780,000. Full details of the grant are on the back of the tax notice or go to the City of Vancouver website. For new home buyers remember when you are looking at properties to adjust the quoted property tax amount accordingly as it is based on the previous year amount.