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If you have properties in Ontario, we  have a Vacancy By Law Schedule based on different municipalities' approved legislation. Find out what vacancy opportunities your commercial or industrial properties may have. 

You can download this guide directly here.  This may be the last year to apply to the program.

Pertinent Dates 2018

 

To better prepare for 2018, we provide our clients with a Quick Start Guide of Pertinent Dates for Canadian assessment jurisdictions.

To get a complete view of the pertinent dates for all Canadian jurisdictions, please download the full calendar of pertinent dates here. 

If you are an AEC client and have any questions regarding your appeals, please contact your Client Manager or the appropriate Appeal Coordinator in the following geographies:

Vancouver Initiates Audit Process for New Empty Homes Tax

Have you heard about Vancouver’s new Empty Homes Tax?

The implementation of the controversial Vacancy Tax By-law No. 11674, also known as the Empty Homes Tax (EHT), by the City of Vancouver is currently underway, effective for the 2018 calendar year. Homeowners are required to file a declaration online by Feb. 2, 2018 stating that their home has been occupied for at least 6 months out of the previous year (January 1, 2017 – December 31, 2017).

Declare your status HERE.

Failure to declare will result in an additional tax levy of 1% of your property’s assessed value, which can mean a significant fine for homeowners. The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,046,900[1] If you do not declare by the deadline, a home assessed at $1M will automatically owe an additional $10,000 in taxes. 

Developers or owners of vacant, residentially-zoned land may also be subject to the tax.

2017 Assessment Year Modifiers Finalized

UPDATED January 2, 2018

Please note that our initial publication on December 22, 2017 sourced information from Alberta Municipal Affairs' official release, which contained incorrect AYMs for Electric Power and Telecommunication properties. The values in the table below have been updated to reflect the corrected values.


2017 Minister’s Guidelines for Linear Property, Machinery and Equipment, Railway, and Farm Land were approved by Alberta Municipal Affairs on December 19, 2017. A bulletin outlining the approved 2017 Assessment Year Modifiers (AYMs) was released in conjunction with the guidelines.

The finalized AYMs differ from those proposed in the fall.  Assessment Year Modifiers for Wells, Pipelines, Telecommunications and Electric Power Systems remain unchanged as compared to the 2016 Assessment Year.

A summary of the 2017 AYMs and cost factors for regulated properties is included below.

 

Property Type

Cost Factors

2016 AYM

UPDATE: BC Social Housing Property Tax Appeal

AEC is pleased to report that our team recently secured outright exemption on behalf of five of our clients’ social housing properties – meaning they no longer pay ANY property tax!

We also obtained sizable assessment reductions on hundreds of other social housing properties, resulting in significant long-term property tax savings for our clients.

AEC continues to lead the charge to revise the way social housing properties are valued and taxed in British Columbia.  We look forward to sharing our results and tips on how to minimize property taxes for Social Housing Properties and Non-Profit organizations at the upcoming Housing Central Conference. 

We will be presenting at the Sheraton Vancouver Airport Hotel in Richmond, BC on Sunday, November 19th at 3:45pm. Our team will update on the initiative’s progress, share tax-avoidance tips and unveil a new concept that could further reduce the property tax burden for social housing properties across the province.

Please plan on attending the Housing Central Conference (register here today!), or contact Vance Leschuk of our BC Operations directly for additional details that may help lower your tax burden in 2018:

 

Municipal Affairs Announces Postponement of Proposed Industrial Minister’s Guideline Changes

Alberta Municipal Affairs recently announced that they will be postponing the finalization and implementation of the proposed Regulated Industrial Property Assessment (RIPA) Minister’s Guidelines for one year.

This decision is a huge victory for Designated Industrial Property (DIP) ratepayers, and can be attributed to the heavy pressure put on Municipal Affairs by Alberta stakeholders. In response to AEC clients’ written concerns that were submitted during the consultation period, Municipal Affairs indicated that this postponement was a direct result of “concerns you have raised, as well as other recommendations received during the public comment phase of this process.”

A by-product of Legislature voting to pass the Modernized Municipal Government Act – Bill 21, RIPA contains many far-reaching changes that will affect how industrial property in Alberta is assessed. As such, the delay comes as welcome news to many taxpayers who felt that there were significant flaws in the proposed amendments. Popular opinion among industry stakeholders was that the proposed revisions failed to address major concerns, and could even be considered a step backwards.

Winnipeg 2017 Property Tax Assessments are out!

Do you know what to do?

If you own real estate in Winnipeg, you should have received information on your 2017 realty assessments in the mail, as it was sent out on June 2, 2017 to all property owners.

You, as the taxpayer, have until Monday, June 26, 2017 to file an appeal with the City. Meanwhile, payments for your property tax bills are due on or before Friday, June 30, 2017.

The purpose of the assessment is to inform owners the estimated value of their property. This provides the City a basis for how much tax they can charge you. Property owners are provided the statement ahead of time, allowing them to review the assessment and ensure it reflects fair and equitable taxation. Year over year, property owners are faced with incremental hikes to their property tax. This year, we have estimated the average increase in value is approximately 26%. However, as AEC monitors sales and assessment trends regularly, it seems that this increase is not in line with the market. This potentially means that you may be over-assessed and would be paying too much in property taxes.

Brazeau County Passes 2017 Tax Rates and Rebate Program

Brazeau County will maintain its municipal tax rate for 2017 property taxation through the use of reserve funds and grants.

Elected Reeve Bart Guyon says, “We’re proud to have no increases to taxes rates for a second year in a row. We’ve also been able to maintain the 30% reduction in residential taxes from 2015, and for the second year in a row, we’ve been able to offer our businesses a tax rebate to help them through these tough economic times. And we’ve done this despite reduced revenue from linear assessment.” 

The municipal portion of the tax rates remain as follows:

  • Residential/Farmland:                    0.002002
  • Non-Residential:                              0.009046
  • Machinery & Equipment:               0.009046
  •  
  • However, mill rates for some properties will increase year over year. While Residential and Farmland rates will see a decrease of 1.32%, mill rates for Non-Residential and Machinery & Equipment assessments will see a slight increase in 2017. The Seniors Foundation mill rate is going up 22% due to a decrease in taxable assessment, resulting in a 0.41% increase to Machinery & Equipment mill rate. Non-Residential property will see a 3.7% mill rate increase due to increases to both the education requisition as well as the Seniors Foundation mill rate increase.

MD of Greenview Maintains Industrial Tax Rate Reduction in 2017

Alberta's Municipal District of Greenview will maintain their mill rate for industrial ratepayers year-over-year.  This means that, like last year, council elected to preserve a 7% industrial tax rate reduction, which was originally applied to 2016 property taxation in response to the lower commodity environment.

 

Calgary's 2017 Tax Rates Finalized

The CIty of Calgary has finalized 2017 tax rates and, as expected, rates continue to climb. This year's combined overall tax rate for non-residential property is 0.0177445, up from the 2016 rate of 0.0159346. This works out to an approximate 11.4% increase year-over-year. 

Calgary's finalized tax rates are as follows:

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