Residential properties in British Columbia have been hit with hikes in their assessments but it seems that many commercial properties have escaped double-digit increases. The method of assessment for large industrial property is based on a set of industry guidelines rather than property value. This is on the basis that large industrial plants contribute heavily to the economy in terms of employment and corporate taxes. BC Assessment’s increases of around 4 to 6 per cent is consistent and allows businesses to forward-plan.
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