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

The City of Vancouver provides an interacitve explanation of how to read their tax notices at - http://vancouver.ca/fs/treasury/taxNotice.htm