Altus Group, in partnership with BOMA, has published the 2021 Office Property Assessment Report for the Greater Vancouver, Victoria, Kelowna, and Kamloops areas. This report is prepared to give property managers, professionals, and asset owners a guide to office properties with an assessed value over $3,000,000, except Downtown Vancouver and Greater Victoria and Nanaimo, which are over $5,000,000. 

All British Columbia property owners should have received their annual Property Assessment Notice in early January.

Our report includes:

• Information on tax planning and requirements for providing the assessment notice to any tenants in your properties
• Overview of the assessment process
• Key dates for 2021
• Understanding the determination of market value
• Appraisal methods
• Assessment and vacancy trends
• Assessment data on averages, year-over-year changes, and totals

If you would like to discuss the report or the specifics of your property, contact our Vancouver property tax team.