The recent Throne Speech launching the 39th session of the BC Legislature included an announcement of a joint committee on municipal property tax reform. The committee will identify specific steps to make property taxes more conducive to investment and fair, and will ensure municipal services are fairly provided for all.
This initiative can be tracked back to advocacy by our provincial chamber network on your behalf. Read the BC Chamber of Commerce position: http://www.bcchamber.org/news/releases/throne_speech_feb_10_2010.html
Read the Provincial news release: http://www2.news.gov.bc.ca/news_releases_2009-2013/2010PREM0024-000143.htm
For background information, read the 2006 BC Chamber Presentation to the Standing Committee in Finance (Fiscal Policy section specifically p. eight) which calls for government undertake a fundamental review of the local property tax system in order to establish a system that is fair, equitable and reflects the true cost of service for each taxpayer group: http://www.bcchamber.org/advocacy/files/Presentation_to_the_2006_Standing_Committee_on_Finance.pdf