one property up 6% other up 2%.

I'm 3.5% down, oh well.

waiting for my property taxes to go down 3-9% too.

Down 5.3%. I didn't think I could get anymore poor, cuz I'm already broke as eff. :drunk:

Don't hold your breathe :lawl: you might die :drunk:

Only the properties of hard working people from India went up, so much smarter than everyone else

Isn't lower assessment the trade off for general lowering or flattening of housing prices in YVR? You can't have it both ways.

As a owner you don't want lower prices, only if you don't own, but the didn't owns are too scared to buy what if it will drop more.

Tbh it doesn’t matter if it’s your principal residence and the assessed value drops. It’s all relative, if the price drops and you sell, so will other homes that are for sale

It's still good on paper, higher the value the more equity you can take back out.

Umm, that equity isn’t free. :confused:

Mine is down 6% from last year, no intention of selling anytime soon and still assessed around 35% more than I paid for it in Jan 2020. If I sell and move other places have dropped around the same, it's a whatever burger for me.

I'm still 15+ years from retirement so I have plenty of time to figure out an exit between now and then.

The Canadian way is to fucking complain regardless.
My place had a 0% change from last year so I’m not sure how to get mad.

^^ I'm sure your property tax, insurance etc all went up

What if the goal is to not re-buy?

Maybe at retirement i want to sell, and re invest that money into hookers before i end up 6ft under.....

The goal is for RE to be at peak, and HE (hooker estate) to be at bottom. FeelsGoodMan

I should pretend I'm an old white guy on facebook and complain about it being to high. Then file an official complaint to try to get it lowered.

You guys want to hear some wack shit about Saskatchewan property taxes?

The property value is based by your neighbors prices.

Say you literally just bought a dump on a nice street. You just paid 200k for your house, you see last assessment value is 300k, and all your neighbors are 600k, your hoping for a 50% reduction in your prop taxes, so you file the form, with your recent purchase.

The email you get back says "sorry property values are based by the average sale price in your area."

Dduuuuuurrrrrrr

Is it the same in GVRD?

My place is down 4%, while my parents' place is down 6%.

But I'm sure my "property tax bill" is still going up despite the "zero means zero" bullshxt bcos all the other fees and levies are still getting hiked.

Well I mean tax revenue needed for operations doesn’t go down. If everywhere in a city goes down road maintenance and school operations don’t get cheaper. I don’t know what you guys expect. I want to pay less taxes but I want shit to function more than I want everyone to save $100 a year.

Didn't Sim say it will be 0% increase, at least for those in Vancouver. Theoretically, if rates are based on assessed, then Vancouver property owners would be paying less, no?

House price gotta come down or more people will "white flight" to alberta

How's great 68? Isn't there no water again in Calgary, they recommended 3 min showers and don't flush your toilets

68style squat shits in his outhouse

I only bathe in Perrier, the bubbles provide quite the sensation

For tax purposes it just matters how much you've gone up or down relative to everyone else. I'm up 1% but the average around here is down 2%, so my taxes will go up a little bit.

they just increase other services, eg. community centre fees. they recently increased parking rates i noticed. they also are doing their darndest to cut salary/positions from what i've seen online. whether or not said positions are/were needed - i'm guessing it was millions in salary coming off the books.

i understand the need to increase property taxes, but a few % a year is reasonable, doing 7-12% increases is not sustainable and would leave a bad taste in people's mouth.

didn't surrey do 12% increase last year? like wth man