Quarterly Question

quarterly question CIVICINFOBC CIVICINFOBC Mortgage Listings and Refunds…How Do We Recoup the Cost?

We received responses from local governments of varying populations from across the province from the City of Vancouver to the Village of Lytton. It appears that charging for folio listings requested by mortgage companies is practiced by most local governments, with more than 60% reporting the practice.

The amount local governments charge for folio listings varies significantly.

Mean when “$0.00” responses removed $12.10 Highest fee reported $50.00 Lowest fee reported $5.00

Tax Credit Refunds Local governments tend to hold overpayments unless a refund is requested. The survey found that the majority, or roughly 70%, of local governments do not refund overpayments without a request. The remainder reported automatically refunding without request. Of these same local governments 44% alert the property owner when a credit exists on the property’s account, and 56% do not unless solicited. Charges exist in many instances to obtain the refund and can range from a fee of free to $100.00 for the service. 34% of local governments report charging an average fee of $28, while the remaining 66% do not charge a fee.

If you would like to learn more about this free service, contact CivicInfoBC at info@civicinfo.bc.ca

?quarterly ques on

the next Quarterly Question:

credit card payments…what’s your practice? APLEASE USE THIS LINK TO BE A PART OF THE RESULTS

The survey should only take about 3 minutes to complete. The responses to this question will be profiled in the next GFOABC Newsletter.

If you have a topic for a future quarterly question, please contact the office at office@gfoabc.ca or 250.382.6871

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