Mine are up about $500. A bit over 10%. What a pity, I was so looking forward to paying out some reconciliation money. I guess it will have to wait until next year.

Municipal Property Taxes
#281
Posted 19 May 2022 - 07:07 AM
#282
Posted 19 May 2022 - 07:16 AM
basically what we used to call the "mill rate" dropped 12% from 5.1 to 4.5
but the assesessed value went up by 28% (sadly i can't eat, or spend, equity)
so tax increase is 12.8%
(numbers are a little off because of sewage charge - but close enough)
Funny how that happens. City claims "average" tax increase is 3.8% but everyone seems to be up 10%+
#283
Posted 19 May 2022 - 09:15 AM
Funny how that happens. City claims "average" tax increase is 3.8% but everyone seems to be up 10%+
i guess as far as the CoV is concerned, - I am "above average!"
fool that i am, i will take that as a compliment ;-)
#284
Posted 19 May 2022 - 03:31 PM
My Assessment went up 10% and for the first time in history my taxes lowered by like 2.2% That's got to be wrong...
#285
Posted 19 May 2022 - 03:47 PM
Funny how that happens. City claims "average" tax increase is 3.8% but everyone seems to be up 10%+
Mine was down 2%*. Perhaps this is how the CoV worked out its figure.
*keep in mind that I was gifted with 3 homeless shelters in fewer than 3 blocks over the past year
#286
Posted 19 May 2022 - 03:48 PM
My Assessment went up 10% and for the first time in history my taxes lowered by like 2.2% That's got to be wrong...
That means the average assessments in the CoV went up significantly higher than your 10%, lowering your tax burden.
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#287
Posted 19 May 2022 - 05:03 PM
Mine was down 2%*. Perhaps this is how the CoV worked out its figure.
*keep in mind that I was gifted with 3 homeless shelters in fewer than 3 blocks over the past year
I guess there's an advantage to living next to those shelters after all!
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#288
Posted 19 May 2022 - 05:10 PM
I guess there's an advantage to living next to those shelters after all!
I'll have to get back to you on that after our next break-in, which I am sure will be any day now.
#289
Posted 19 May 2022 - 05:20 PM
That’s up from $31k and $16k.
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Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#290
Posted 19 May 2022 - 05:30 PM

#291
Posted 19 May 2022 - 07:17 PM
I'm deferring my taxes, that way when the home equity tax comes in I will owe less.
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#292
Posted 19 May 2022 - 10:51 PM
My Assessment went up 10% and for the first time in history my taxes lowered by like 2.2% That's got to be wrong...
in CoV mill rate dropped from 5.1 to 4.5 or 12%, so if your assessment goes up less than 12% you pay less, assessment up more than 12% you pay more
for an approximation, take your assessment increase, add 1 and multiply by 0.88 for an estimate of tax increase/decrease percentage
in my case a 28% assessment increase means - (1 + 0.28) * 0.88 = 1.126 or 12.6%
#293
Posted 19 May 2022 - 10:57 PM
in CoV mill rate dropped from 5.1 to 4.5 or 12%, so if your assessment goes up less than 12% you pay less, assessment up more than 12% you pay more
for an approximation, take your assessment increase, add 1 and multiply by 0.88 for an estimate of tax increase/decrease percentage
in my case a 28% assessment increase means - (1 + 0.28) * 0.88 = 1.126 or 12.6%
in the CoV - if you have your folio number this helpful website is very handy - https://www.victoria...calculator.html
it pointed out that my CoV tax hike was actually closer to 15%, while other taxes increased just 9.5%
#294
Posted 20 May 2022 - 07:27 AM
That means the average assessments in the CoV went up significantly higher than your 10%, lowering your tax burden.
Yeah I get that...
in CoV mill rate dropped from 5.1 to 4.5 or 12%, so if your assessment goes up less than 12% you pay less, assessment up more than 12% you pay more
for an approximation, take your assessment increase, add 1 and multiply by 0.88 for an estimate of tax increase/decrease percentage
in my case a 28% assessment increase means - (1 + 0.28) * 0.88 = 1.126 or 12.6%
Ah yes.
Edited by Ismo07, 20 May 2022 - 07:27 AM.
#295
Posted 20 May 2022 - 07:35 AM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#296
Posted 20 May 2022 - 07:43 AM
So why’s it got to be wrong?
I was just referring to taxes lowering. I'm not sure I have ever experienced that. It was more of an expression rather than actual disbelief.
- Mike K. likes this
#297
Posted 20 May 2022 - 07:56 PM
It's a good thing I'm deferring, my taxes are up 18.5%.
Edited by LJ, 20 May 2022 - 07:59 PM.
#298
Posted 08 June 2022 - 11:10 PM
#299
Posted 09 June 2022 - 05:49 AM
If the mill rate for Victoria property taxes decreased by 12 % and my assessed property value increased by 22% from last year.....didn't the city of Victoria just receive an increase of 10% +- in dollars? Imagine the impact on total revenue across the city.
What am I missing?
#300
Posted 09 June 2022 - 05:54 AM
Edited by Victoria Watcher, 09 June 2022 - 05:54 AM.
- Ismo07 likes this
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