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2018 Property Assessments

2018 Property Assessments

Postby Temet Nosce » Jan 1st, 2018, 10:18 am

I viewed a few in my area and DLC assessments another large increase on property assessment again this year. IF...if... this generates additional tax revenue just hoping it is put to good use--my wish list road improvements would be nice.
Last edited by Temet Nosce on Jan 2nd, 2018, 12:20 pm, edited 1 time in total.
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Re: 2018 Property Assessments

Postby johnny24 » Jan 1st, 2018, 11:35 am

Temet Nosce wrote:I viewed a few in my area and DLC assessments another large increase on property assessment again this year. IF...if... this generates additional tax revenue just hoping it is put to good use--my wish list road improvements would be nice.


No additional tax revenue will be generated because your assessment went up.

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Re: 2018 Property Assessments

Postby stevemic » Jan 1st, 2018, 1:03 pm

Here we go again :popcorn:
You can write whatever you like as long as the Mods agree with it

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Re: 2018 Property Assessments

Postby johnny24 » Jan 1st, 2018, 1:22 pm

stevemic wrote:Here we go again :popcorn:


At least she didn't wish for better snow removal with the non-existent additional revenue.

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Re: 2018 Property Assessments

Postby RVThereYet » Jan 1st, 2018, 6:13 pm

johnny24 wrote:
stevemic wrote:Here we go again :popcorn:


At least she didn't wish for better snow removal with the non-existent additional revenue.



I think the key word in the OP was "IF"?!

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Re: 2018 Property Assessments

Postby Jonrox » Jan 2nd, 2018, 11:24 am

It's amazing that people still don't understand how their property taxes are calculated.
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Re: 2018 Property Assessments

Postby Glacier » Jan 2nd, 2018, 11:29 am

There should be a special tax on people who don't understand how property taxes work.

P.S. My house is up $50,000 over last year! That's a 10% increase!
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Re: 2018 Property Assessments

Postby Temet Nosce » Jan 2nd, 2018, 11:52 am

Glad some can read.....I am aware how taxes are calculated hence the "IF". Having said that--my assessment increase is over 120g's which is substantial IMO and LIKELY (not sure yet) more then the average which would in fact increase property taxes. Posted to see how others assessments are coming in to get a sense "IF" may also see a tax increase. Also, surprising to me to see 2 years in a row such large increases in assessed values.
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Re: 2018 Property Assessments

Postby Hassel99 » Jan 2nd, 2018, 11:52 am

You know what is worse than folks who do not understand property taxes?
Those who do not understand the word "IF"



To many dog pilers in this thread, not enough thinkers.

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Re: 2018 Property Assessments

Postby Jonrox » Jan 2nd, 2018, 12:02 pm

Hassel99 wrote:You know what is worse than folks who do not understand property taxes?
Those who do not understand the word "IF"

To many dog pilers in this thread, not enough thinkers.

Nope... what he said is still wrong.

He specifically said "if this (as in his increased assessment) generates additional tax revenue just hoping it is put to good use."

The property assessments have nothing to do with the city gaining additional tax revenue. The city budgeted for an increase in property taxes and whether assessments go up or down, the city is getting the additional revenue.
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Re: 2018 Property Assessments

Postby Temet Nosce » Jan 2nd, 2018, 12:04 pm

Hassel99 wrote:You know what is worse than folks who do not understand property taxes?
Those who do not understand the word "IF"



To many dog pilers in this thread, not enough thinkers.



Excellent post...I was wondering if it is just me and some clichés or what??? Kinda seems like 'some' on here really prefer to be an *bleep***le versus have a discussion. I like your term "dog pilers" that fits.

So back to the topic.... BTW I am not whining about a tax increase "IF" there is one--just hoping if so put to good use (eg., road improvements). Having said that, I am surprised about the increasing rate of assessed values over past 2 years in DLC and contemplating house prices etc....

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Re: 2018 Property Assessments

Postby Bsuds » Jan 2nd, 2018, 12:05 pm

Glacier wrote:P.S. My house is up $50,000 over last year! That's a 10% increase!


Our went up $80k so closer to 15%. Not sure if I should be happy or sad.
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Re: 2018 Property Assessments

Postby Jonrox » Jan 2nd, 2018, 12:05 pm

There is no "if" in this discussion. The city budgeted for an increase... the revenue they're getting from property taxes IS going up. The assessments have no bearing on it. That you keep saying "if" indicates you don't understand how this works.
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Re: 2018 Property Assessments

Postby Temet Nosce » Jan 2nd, 2018, 12:12 pm

Jonrox wrote:There is no "if" in this discussion. The city budgeted for an increase... the revenue they're getting from property taxes IS going up. The assessments have no bearing on it. That you keep saying "if" indicates you don't understand how this works.



https://info.bcassessment.ca/services-a ... Taxes.aspx

A common misconception is that a significant change in your assessed value will result in a proportionately significant change in your property taxes.
The most important factor is not how much your assessed value has changed, but how your assessed value has changed relative to the average change for your property class in your municipality or taxing jurisdiction. You can find your property class on your assessment notice next to your assessed value.

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Re: 2018 Property Assessments

Postby Carrs Landing Viking » Jan 2nd, 2018, 12:18 pm

Should the thread title not read 2018 Property Assessments??

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