Don Cayo: City’s land averaging policy is too erratic and unfair to renew

Tue, Feb 26, 2013

Vancouver Real Estate

Considering today’s up-and-down real estate market, Vancouver City Council’s land averaging policy may create new property tax inequities instead of easing old ones. Yet city staff want to not just maintain it, but also beef it up. A report dated last week and to be presented to council on Wednesday recommends extending the current land assessment averaging program into 2013. It also comments favourably on a bid that is awaiting approval from the province to increase the averaging term from three years to five.

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