A group of small business leaders argued unsuccessfully Wednesday at Vancouver city hall to have council reduce a portion of the property tax load that businesses will pay this year and shift it to homeowners’ bills.
Council was unanimous in rejecting the leaders’ pleas and based it on an independent review of the city’s tax policy by Ernst & Young, which concluded there was “no compelling evidence” to shift a bigger portion of tax to residential property owners.
The leaders were asking for a two per cent shift over four years. Residential property owners currently pay 57.1 per cent of the tax share, and non-residential 42.9 per cent.
“This decision
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