Squamish business owner decries 100% property tax hike on leased light-industrial site
A Squamish business owner protests a 100% property tax increase on a light-industrial site they lease from a provincial Crown corporation. The tax bill jumped from $82,094 to $164,419 in one year, driven partly by BC Assessment revaluation and partly by the District's own tax hikes. The owner calls on both the District and province to provide transparency before demanding further double-digit increases.
Key quotes
I am not asking for a handout. I am asking both the District and the province to show their work—before the next budget asks us for another double-digit increase.
This year the property tax on the Squamish light-industrial site our company leases went from $82,094 to $164,419—a 100% increase in a single year.
We don't own the land; it belongs to a provincial Crown corporation, and because we are the assessed occupier, we carry the full municipal tax bill on it.
From the article
'I am not asking for a handout. I am asking both the District and the province to show their work—before the next budget asks us for another double-digit increase.'
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