Shopping malls top Victoria’s tax rolls in 2013

Mayfair Shopping Centre boosted city coffers with nearly $4.2 million last year

Victoria’s three shopping centres are once again among the highest-paying taxpayers in the city, according to the city’s 2013 municipal report.

Mayfair Shopping Centre boosted city coffers with nearly $4.2 million last year, while Hillside Centre and The Bay Centre paid a combined $5.2 million in property taxes.

Rounding out the top five were the Atrium and other properties owned by Jawl Properties and its affiliated businesses.

Jawl’s joint purchase of a 2.3 hectares of land behind the B.C. legislature means the company will pay significantly more in property taxes next year as it solidifies its dominant development plans in Victoria.

“Our company regards Victoria as a positive place to do business and we feel very fortunate to be able to live and work in such a spectacular city,” said Robert Jawl, head of investments at Jawl Properties.

Jawl said he prefers to hold onto and manage buildings once constructed, rather then sell them on to investors.

“Through long term ownership and management we are also able to learn a great deal about tenant preferences and building operations, which influences how we go about conceiving new projects,” he said.

Most of the top 10 properties saw little to no movement from the previous year.

The Fairmont Empress Hotel had the most expensive piece of real estate in the Inner Harbour with about $1.3 million in corporate taxes, the Delta Ocean Pointe Resort paid half a million dollars for its Vic West waterfront space and the Grand Pacific Hotel was levied about $644,000.

The CIBC/Standard Life building was taxed $854,000 for its expansive portion of the 1100-block of Douglas St.

Other significant taxpayers include the  B.C. Transit bus depot, Canada Safeway stores (now Save-on-Foods) and the Greater Victoria Harbour Authority.

The top 30 corporate taxpayers netted $27.3 million for the city in 2013. Schools accounted for $51.6 million in property tax revenues.

See the complete list by searching “annual report” on the City of Victoria’s website at victoria.ca.

Taxing time

Top five corporate taxpayers in Victoria:

• Mayfair Shopping Centre: $4.2 million

Jawl Properties: $3.3 million

Hillside Centre: $3.06 million

The Bay Centre: $2.17 million

Empress Title Corp: $1.24 million

 

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Landis Carmichael is the Goldstream Gazette 2021 Local Hero as the Emergency Services Award winner. (Photo courtesy Landis Carmichael)
29-year-old firefighter has spent almost half his life with Langford department

Landis Carmichael is the 2021 recipient of the Emergency Services Award

Shannon Davis, manager at Sidney’s Star Cinema, holds up the largest available bag of popcorn available for sale at the theatre. It also also sells four smaller sizes in generating revenue following its closure last fall because of COVID-19. (Wolf Depner/News Staff)
Sidney theatre fills bottom line with popcorn sales

Theatre applying to return to doing our household-only private rentals

Several BC Ferries sailings are cancelled Friday morning due to adverse weather. (Black Press Media File)
Tsawwassen to Swartz Bay ferry sailing cancelled due to high winds, sea state

Adverse weather causes cancellations across several BC Ferries routes

The construction zone remains for now at Clover Point, but plans for a new pedestrian zone and partially closed traffic loop were approved by Victoria councillors on Thursday. (Don Descoteau/News Staff)
Victoria council compromises with partial closure of Clover Point

Option preserves parking 14 spots facing ocean, creates more pedestrian space

Provincial health officer Dr. Bonnie Henry updates B.C.’s COVID-19 situation at the B.C. legislature. (B.C. government)
B.C. reports 10 additional deaths, 395 new COVID-19 cases

The majority of new coronavirus infections were in the Fraser Health region

Anyone with information on any of these individuals is asked to call 1-800-222-TIPS (8477) or visit the website victoriacrimestoppers.ca for more information.
Greater Victoria Crime Stoppers wanted list for the week of Feb. 23

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

(Black Press Media File Photo)
POLL: Are you struggling with Greater Victoria’s cost of housing?

While Victoria remains one of the most expensive cities in the country… Continue reading

Nanaimo Ladysmith Public Schools is preparing a rapid response team proposal for submission to the B.C. Ministry of Education. (Chris Bush/News Bulletin)
Nanaimo-Ladysmith school district chosen as COVID-19 rapid response team

Team to consist of SD68 and Island Health staff, according to B.C. Ministry of Education

A new survey has found that virtual visits are British Columbian’s preferred way to see the doctor amid the COVID-19 pandemic. (Unsplash)
Majority of British Columbians now prefer routine virtual doctor’s visits: study

More than 82% feel virtual health options reduce wait times, 64% think they lead to better health

Ella Donovan with mom Tina outside Fuller Lake Arena before heading onto the ice for practice. (Photo by Don Bodger)
Young Ladysmith skater watches and waits in battle against cancer

Ella Donovan’s tumour began a tumultuous time, but community support eased the burden

Captain and Maria, a pair of big and affectionate akbash dogs, must be adopted together because they are so closely bonded. (SPCA image)
Shuswap SPCA seeks forever home for inseparable Akbash dogs

A fundraiser to help medical expenses for Captain and Maria earned over 10 times its goal

The missing camper heard a GSAR helicopter, and ran from his tree well waving his arms. File photo
Man trapped on Manning mountain did nearly everything right to survive: SAR

The winter experienced camper was overwhelmed by snow conditions

Castlegar doctor Megan Taylor contracted COVID-19 in November. This photo was taken before the pandemic. Photo: Submitted
Kootenay doctor shares experience contracting COVID-19

Castlegar doctor shares her COVID experience

Most Read