Sometimes it can be hard to figure out the information in a property tax notice.
In this sample, we've provided explanations to help you understand what your notice means.
1 Owner’s Name and Address - all owners’ names appear. If there is more than one owner, then each name is listed. Where a single notice was mailed in the past, now each owner receives a copy.
2 Folio Number - a unique property identification number that belongs to the property and not the owner.
3 Access - a code used to epost™ tax payments or to apply for the online Home Owner Grant.
4 Land description - written method to delineate a specific property under the land title system.
5 Total Net Assessed Value for Taxation Purposes - BC Assessment's classification of property, e.g. residential, business, farm and the assessed values for different tax purposes.
6 PID - parcel identifier used to cross reference to Land Title and BC Assessment.
7 Net School Taxes - total school taxes after the Home Owner Grant is deducted.
8 BC Assessment - funds BC Assessment operations.
9 Metro Vancouver - funds shared operations and services such as sewer and water.
10 MFA - funds the Municiple Financing Authority which provides capital financing and financial services to local governments.
11 TransLink - funds TransLink.
12 Net Other Government Taxes - total owing to other taxing authorities.
13 General Municipal - the 'municiple tax'.
14 City Policing - funds policing.
15 Fire Rescue - funds fire services.
16 Storm Drainage/Dyking - funds local storm drainages and dyking.
17 Net MunicipleTaxes - municipal tax less any unused Home Owner Grant.
18 Installments - total tax installments made.
19 Total Taxes Payable - what you owe.
Column A - No Home Owner Grant
Column B - Basic Grant
Column C - Additional Grant