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2016 BC Property Assessment

Jan. 7, 2017, 1:37 p.m.
Posts: 683
Joined: Nov. 23, 2002

MATH, PEOPLE!!!!

A jump from 1M to 4.5M is 450% … not 45%

350% is the amount of the jump. Duncan had it right before he gave up.

ouch, that's gonna leave a mark.

I'm not a human in real life, I just play one on the internet. 

Jan. 7, 2017, 4:14 p.m.
Posts: 955
Joined: Oct. 23, 2006

350% is the amount of the jump. Duncan had it right before he gave up.

Math really is hard.

1M x 4.5 is 4.5M

1M x 3.5 is 3.5M

Jan. 7, 2017, 4:39 p.m.
Posts: 683
Joined: Nov. 23, 2002

Math really is hard.

1M x 4.5 is 4.5M

1M x 3.5 is 3.5M

lol - nope.

4.5M is 450% more than 1M, but it is not a 450% increase from 1M to 4.5M
the fault is not in the math for most people but in the language used to define the equation.

so if we say a price has increased by 50%, to figure out what the price is after the increase you don't simply multiply the price by the increase percentage. if you do that this is what happens:

1M x 50% = 0.5M

and this is clearly not a 50% increase.

in order to find out the price after the increase you need to do two operations. the first is to find out the amount the price will increase by and the second is to add that increase amount to the original amount to get the new price.

increase amount = 1M x 50% = 0.5M
new price = 1M + 0.5M = 1.5M
or in one operation: 1M + (1M x 50%) = 1.5M

so in the case of the property in question:

1M + (1M x 350%) = 1M + 3.5M = 4.5M

I'm not a human in real life, I just play one on the internet. 

Jan. 7, 2017, 5:03 p.m.
Posts: 2344
Joined: Sept. 5, 2012

lol - nope.

4.5M is 450% more than 1M, but it is not a 450% increase from 1M to 4.5M
the fault is not in the math for most people but in the language used to define the equation.

so if we say a price has increased by 50%, to figure out what the price is after the increase you don't simply multiply the price by the increase percentage. if you do that this is what happens:

1M x 50% = 0.5M

and this is clearly not a 50% increase.

in order to find out the price after the increase you need to do two operations. the first is to find out the amount the price will increase by and the second is to add that increase amount to the original amount to get the new price.

increase amount = 1M x 50% = 0.5M
new price = 1M + 0.5M = 1.5M
or in one operation: 1M + (1M x 50%) = 1.5M

so in the case of the property in question:

1M + (1M x 350%) = 1M + 3.5M = 4.5M

BAM!!! drops the mic and walks of stage :)

#northsidetrailbuilders

Jan. 7, 2017, 5:20 p.m.
Posts: 955
Joined: Oct. 23, 2006

Lol. Damn trick questions!

Better to stay quiet and look stupid than to speak up and remove all doubt.

Jan. 8, 2017, 9:50 a.m.
Posts: 33480
Joined: Nov. 19, 2002

http://www.skillsyouneed.com/num/percent-change.html

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. 8, 2017, 10:34 a.m.
Posts: 8256
Joined: Nov. 21, 2002

So if you had a property initially valued at 1.0M and it had a huge conveyor belt and your neighbor had a plane…

WTB Frequency i23 rim, 650b NEW - $40

Jan. 8, 2017, 12:13 p.m.
Posts: 2344
Joined: Sept. 5, 2012

all I hope is one day this market get realistic for the area and what the dwelling is on the property , one place I was checking out locally has a assessed value of $418K and is currently listed for $689K ,

#northsidetrailbuilders

Jan. 9, 2017, 8:24 a.m.
Posts: 16382
Joined: Nov. 20, 2002

I'm up 24% this year, but no amount of appealing will get my homeowner's rebate back. I bought a place 5 years ago that was under the line for full rebate, after a year it went up and I only got partial rebate. Since then, no rebate for me!

When one person suffers from a delusion, it is called insanity.

When many people suffer from a delusion, it is called religion.

Jan. 9, 2017, 10:44 a.m.
Posts: 2906
Joined: June 15, 2006

all I hope is one day this market get realistic for the area and what the dwelling is on the property

If only wages would go up, prices would go down, and no one but Vancouverites were allowed to buy here. Since none of those are likely to happen anytime soon, then this "realistic market" you seek is the one before you now. Sucks, but we have to deal with it.

This trip to Kelowna was definately an undertaking - Liam and I had been planning this project for 24 hours. We worked really hard to pull out all the stops in this video. We had slo-mo goggle shots; time lapses; pedal flips; outrageous product shots; unloading and loading the bike; walking through the field with your hand in wheat. At the end of the day this trip was all about just getting out and riding with all my friends.

www.letsridebikes.ca

Jan. 9, 2017, 4:51 p.m.
Posts: 198
Joined: Oct. 23, 2006

I'm up 24% this year, but no amount of appealing will get my homeowner's rebate back. I bought a place 5 years ago that was under the line for full rebate, after a year it went up and I only got partial rebate. Since then, no rebate for me!

They must have seen the fancy Charge port on the side of the house!

Jan. 9, 2017, 5:27 p.m.
Posts: 5800
Joined: April 10, 2005

So if you had a property initially valued at 1.0M and it had a huge conveyor belt and your neighbor had a plane…

…and then Gooch came over, would it take off?

Jan. 9, 2017, 6:03 p.m.
Posts: 0
Joined: May 28, 2009

Just announced on Global news… threshold for the homeowner grant is up to $1.6M. :fruit:

Jan. 9, 2017, 6:06 p.m.
Posts: 937
Joined: Nov. 6, 2006

we must be close to an election, I just know it. I knew Christy would save you Ken.

Jan. 9, 2017, 6:23 p.m.
Posts: 2344
Joined: Sept. 5, 2012

statement came in the mail today , up 36% from last year and up $400K since we 1st moved into the house in 05.

#northsidetrailbuilders

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