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2016 BC Property Assessment

Jan. 5, 2017, 10:49 a.m.
Posts: 7707
Joined: Sept. 11, 2003

i totally agree. because i got nuked in 2008 I'm only starting to get the hookers and blow plans…

Warning: Service fees for Hookers and blow are steep. You should look into no-service fee sellers.

Jan. 5, 2017, 11:42 a.m.
Posts: 8242
Joined: Dec. 23, 2003

Warning: Service fees for Hookers and blow are steep. .

gotta keep this economy going brah… 360 win

Jan. 5, 2017, 1:48 p.m.
Posts: 289
Joined: Dec. 11, 2002

SHit! I don't feel so bad up only 26% in Cloverdale.

Jan. 5, 2017, 2:02 p.m.
Posts: 1178
Joined: Sept. 30, 2006

Have a friend who lives in Maple Ridge who says her overall assesment went up 55%. Turns out the building went up 73% in one year without any renovations in the past 10 years. I told her she should look into disputing it.

Jan. 5, 2017, 6:17 p.m.
Posts: 14467
Joined: Nov. 20, 2002

my drinkingbuddy/neighbor disputes every assessment just on principle and often gets it reduced

Jan. 5, 2017, 6:37 p.m.
Posts: 783
Joined: Nov. 18, 2015

Im of mixed feelings about disputing an assessment. If you could have a higher than otherwise assessment when you go to sell, that would probably benefit you more than the money you save on taxes in the meantime. I have a legit dispute (number of bedrooms is one too many) - not sure if I will.

Jan. 5, 2017, 6:42 p.m.
Posts: 1178
Joined: Sept. 30, 2006

Im of mixed feelings about disputing an assessment. If you could have a higher than otherwise assessment when you go to sell, that would probably benefit you more than the money you save on taxes in the meantime. I have a legit dispute (number of bedrooms is one too many) - not sure if I will.

This only makes sense if you plan on selling the property within the year. In my friends case, she just bought the house this past summer, so has no plans on selling it soon.

Jan. 5, 2017, 6:54 p.m.
Posts: 809
Joined: Dec. 22, 2002

TL:DR - entitlement w/homes worth [HTML_REMOVED]$1.3M and saw gains [HTML_REMOVED]25% last year fret over $500…"over to you Sally!"

NSMBA member.

Jan. 5, 2017, 7:05 p.m.
Posts: 783
Joined: Nov. 18, 2015

This only makes sense if you plan on selling the property within the year. In my friends case, she just bought the house this past summer, so has no plans on selling it soon.

Agree that the benefit decreases the longer the time, but not sure why a year, or even 10 or 20, makes the difference between it making sense or not. Say I pay $500 a year more in property tax per year than if I were to knock down the assessment, but the house is assessed at $200k, or more, more than it would otherwise be when you sell it.

The math will always work IF the assessment actually influences the price you sell it for. And once you decrease the assessment, you probably cant go back.

I think that the real estate agents/buyers price off of the accurate stats and not off the assessment, but you have one extra bullet anchoring a higher price with a higher assessment.

But then again, I wonder how the assessments are recalculated each year. It could be that the longer you leave a higher than otherwise assessment, the bigger the compounded error gets. Inflating (or deflating!) a higher number by a percentage each year could grow the error. Who knows!

Having a home with an elevated assessment is most likely to benefit over the longer term in my view. When I bought my house here spring 2015 the assessments played a role in what I was willing to pay.

Jan. 5, 2017, 7:09 p.m.
Posts: 8
Joined: Aug. 20, 2010

my drinkingbuddy/neighbor disputes every assessment just on principle and often gets it reduced

It can go either way I think, so can be risky. They will come and visit your home and look around, gathering info that may be used against you at some point.

Jan. 5, 2017, 7:10 p.m.
Posts: 809
Joined: Dec. 22, 2002

exactly , I would rather be debt free and work casual , tired of working just to pay bills to exist

.

Here's another take on the same 'problem'…every damn day last year, my house made more than my salary that day. Oh…move the fcuk away from that…. you don't want no part of that…no, move and get some colder winters so you can get on the right side of that insanity…..

NSMBA member.

Jan. 5, 2017, 7:43 p.m.
Posts: 14467
Joined: Nov. 20, 2002

It can go either way I think, so can be risky. They will come and visit your home and look around, gathering info that may be used against you at some point.

well it is a log home with moss chinking built by scandahoveins back in the twenties and Johnny is a character but it sounds like they cut him a deal to make him go away

Jan. 5, 2017, 8:56 p.m.
Posts: 33281
Joined: Nov. 19, 2002

my drinkingbuddy/neighbor disputes every assessment just on principle and often gets it reduced

Thanks for the blog update.

It is easy to dodge our responsibilities, but we cannot dodge the consequences of dodging our responsibilities.
- Josiah Stamp

Every time I see an adult on a bicycle, I no longer despair for the future of the human race.
- H.G. Wells

Jan. 5, 2017, 8:58 p.m.
Posts: 8242
Joined: Dec. 23, 2003

TL:DR - entitlement w/homes worth [HTML_REMOVED]$1.3M and saw gains [HTML_REMOVED]25% last year fret over $500…"over to you Sally!"

lol

Jan. 5, 2017, 9:47 p.m.
Posts: 7707
Joined: Sept. 11, 2003

It can go either way I think, so can be risky. They will come and visit your home and look around, gathering info that may be used against you at some point.

Yeah, I hope the assessor doesn't notice the solid gold shitters in my place and decides jack up the property tax rates. Can they even do that? If the price of gold goes up, does that count as an "improvement"? What if my toilets are 10 karat and my neighbour's are 24 karat? Are his assessments higher?

Anyway, quit bitching:

440 Mountain Highway, has a 744 square foot house with a basement built in 1949 — and is currently zoned for just one single-family dwelling.

1-story 2 bedroom house purchased in 1985 for $123,000

2015, the value was assessed at $967,100

Assessed as of July 1st, 2016 Total Value $5,141,000

Land $5,131,000
Buildings $10,000

Now an investment property, property tax gone from $5,600 to $18,501.47 in a single year.

https://www.google.ca/maps/@49.3094972,-123.0322836,3a,75y,82.91h,80.56t/data=!3m6!1e1!3m4!1s46brBnlQMB_Vbrat5CTc3Q!2e0!7i13312!8i6656

https://www.google.ca/maps/place/440+Mountain+Hwy,+North+Vancouver,+BC+V7J+2L2/@49.3096618,-123.0318197,65m/data=!3m1!1e3!4m5!3m4!1s0x5486708a31bc61cf:0xc2a29b463400d770!8m2!3d49.309541!4d-123.031702

Next door to Dykhoff Nurseries on Mtn Hwy between Main Street and Keith Road.

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