How does this legislation impact property assessments and taxes?

The provincial legislation requires the City to pre-zone single- and two-family neighbourhoods to allow for Small-Scale Multi-Unit Housing.  As higher densities could have impacts on property assessments, and as property values are one of the factors in determining property tax rates, taxes may be affected through this legislation.

BC Assessment, a provincial agency, is responsible for determining assessed value of properties and is therefore the best resource. The City will monitor any adjustments to assessed values, and will continue to work to keep property taxes as low as possible. 

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