5833 replies to this topic

[Mike K.]

So why the sudden discrepancy? Only because the home sold within the year and the others didn’t?

[Victoria Watcher]

did it move closer to the selling price? if it did then yes, probably.

[North Shore]

Should I be upset?   My eval is down ~2.5%.    Dollars to doughnuts my taxes go up, though!

[exc911ence]

My increase is 50% higher than everyone else's around me, landing at 12%. Everyone else is at 8%. Wtf? There have been no material changes to speak of.

 

Should I request a review?

 

Our house went up a jaw-dropping 24% in Sidney! $175,000 jump in assessed value over the course of one year... a bit hard to wrap my brain around seeing how comparably soft the market has been lately.

[MarkoJ]

Mine went up 20%.

[exc911ence]

Mine went up 20%.

 

72% over three years. Madness! 

 

[Mike K.]

Wow!

[Sparky]

^^ Your property value in 2019 has increased almost 90% over the 2016 value.

[exc911ence]

^^ Your property value in 2019 has increased almost 90% over the 2016 value.

 

Sounds like a great time to sell except that I can't afford to buy a house here anymore. 

[LeoVictoria]

Sounds like a great time to sell except that I can't afford to buy a house here anymore. 

 

Yeah our house is up 60% from when we bought it 5 years ago.   Doesn't make a lick of difference to me since we neither plan to sell nor extract equity.  I guess my kids might care 50 years from now.

[Bob Fugger]

Should I be upset?   My eval is down ~2.5%.    Dollars to doughnuts my taxes go up, though!

 

One of mine went down, as well - just over 4%.  With the average tax increase in the City of Victoria pegged at +8%, I wholly expect a decrease in taxes this year, or at the very least, very near to last year.

[Victoria Watcher]

“It’s my belief that there are a good 20 per cent of assessments that are incorrect,” he said.

“It’s not because B.C. Assessment is doing things wrong necessarily, but there are a lot of factors in play when it comes to assessments being incorrect.”



https://www.timescol...thor-1.23578439

[Matt R.]

Two properties up 15% and the third up just 4%. Minimal, thankfully.

Matt.

[rjag]

so prepare to puke....go to https://www.bcassessment.ca/ and type in 3175 Beach Dr this is David Blacks house and its not a typo

[Mike K.]

Oh wow.

His mansion is valued at about the same rate as a Gordon Head bungalow. What gives?

[Sparky]

The property is designated farmland. If I remember corrrectly, his wife grows and sells the appropriate dollar value of orchids.

[Sparky]

Click on the green dot with the " i " in it just to the right of the assessed value.

[rjag]

The property is designated farmland. If I remember corrrectly, his wife grows and sells the appropriate dollar value of orchids.

 

Yup, and Oak Bay took them to court about a decade ago and lost. I thought it was reversed on appeal. I have no problem with someone that finds a loophole and plays the game, but this isnt good with all the increased taxes that everyone else is having to pay and they get the benefit. It also is especially insulting being who it is.

[Casual Kev]

The property is designated farmland. If I remember corrrectly, his wife grows and sells the appropriate dollar value of orchids.

 

Hot take: The Agricultural Land Reserve as applied to big cities is bloody idiotic and someone should do something about it. It's funny that people only began meaningfully complaining about farmland owners doing the bare minimum to preserve their tax status once rich Chinese started building opulent mansions in Richmond farmland, but people have been abusing the designation for a long time through "hobby farms", aka get to live in a big house in an urban center while contributing less than pretty much everybody else. The provincial government either needs to dramatically increase the required farm output/revenue to have privileged status or simply withdraw ALR protection according to urban expansion patterns.

[LeoVictoria]

Yup, and Oak Bay took them to court about a decade ago and lost. I thought it was reversed on appeal. I have no problem with someone that finds a loophole and plays the game, but this isnt good with all the increased taxes that everyone else is having to pay and they get the benefit. It also is especially insulting being who it is.

 

Wait, so you have no problem with people finding and exploiting loopholes except if they are richer than you are?