Statements on property assessments misleading

How can Mr. Gerry Marolla suggest that raising the assessment won’t increase property taxes?

Statements on property assessments misleading

It’s interesting in today’s society how government bureaucrats, with the approval of the politicians that they work for, present numbers to the taxpayers in a way that creates only finger-pointing.

Case in point; the Deputy Assessor at BC Assessment has just made the annual announcement that housing assessments will be increasing from 11 to 16 per cent for most parts of Vancouver Island. He then goes on to say that just because your assessment has gone up doesn’t mean that your property taxes will go up.

Let’s take a quick look at this statement using simple numbers. EXAMPLE — Last year a property was assessed at $300,000 and the mill rate was at 10 mills per $1,000. The property tax paid would have been $3,000.

This year the 11 per cent increase will raise the assessment on that same dwelling to $333,000.

If the mill rate stays the same the property tax would be $3,330.

So by raising the assessment, IF everything else remains the same, your property taxes will go up by 11 per cent.

How can Mr. Gerry Marolla suggest that raising the assessment won’t increase property taxes?

Further, if the local CVRD directors “anticipate” that there will be an increase in the assessment value on real estate then the CVRD department managers can balloon their budgets to “absorb” the additional taxes paid by the taxpayer. Where is the incentive for any government department to REDUCE spending?

In addition to all of the above, the CVRD directors can increase the mill rate even higher, which means taking even more money from the homeowner.

G. Whynacht

Youbou

Just Posted

‘How to Succeed in Business Without Really Trying’ promises fun, musical romp

How to Succeed in Business without Really Trying offers a fun look at climbing the corporate ladder

Owner of illegal suites in Lake Cowichan takes run at new council

He bought a building that housed three illegals suites: now what to do?

North Cowichan and the City of Duncan receive awards for financial work

Awards recognize excellence in financial reporting

Cowichan Valley High School Bowling Program high scores

Briana Wright reigns in ladies’ scoring

VIDEO: Lake Cowichan minor hockey Lakers of all ages shine at big Jamboree Day

With a Skills Competition and a full slate of games, there was fun for everyone on Jamboree Day

Coming up in Cowichan: Anti-pipeline meeting; women’s shelter open house

Public meeting in Duncan to support pipeline protests A public meeting has… Continue reading

47 men arrested by Vancouver police for allegedly seeking sex with teenage girls

Seven of those arrested have been charged as part of a two-month operation

B.C. hospital apologizes for veteran’s five-day hallway stay

Clinical director of Victoria General Hospital says case of retired veteran ‘definitely excessive’

Speaker Darryl Plecas says ‘justice’ needed for legislature employees

Plecas spoke to media at the opening of a pedestrian and cycling bridge in Abbotsford Wednesday

Advocate hopes B.C. legislature scandal leads to more transparency

‘Depressing’ that it takes a scandal to inspire freedom of information reform, says Sara Neuert

‘Dr. Lipjob’ avoids jail, gets 30-day suspended sentence

She will have to serve the 30 days in prison if she commits a breach during her two-year’s probation

Ex-Mountie involved in Taser death at Vancouver airport sues government

Kwesi Millington claims he acted in accordance with RCMP training

LETTER: Seniors home care, day programs expanding, Adrian Dix says

B.C. health minister responds to latest Seniors Advocate report

Most Read