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01-03-2017, 06:09 PM
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#1
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RS has made me the bitter person i am today!
Join Date: Apr 2001
Location: Vancouver
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Property Assessment Notice- +36% increase
This is nuts. ... who else got an insane increase in value in just 1 year?
For me - last year was around 668000, the notice today says 909000. Due to recent sales activity in my area.
http://www.news1130.com/2017/01/03/metro-vancouver-home-assessments-values-released/
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01-03-2017, 06:13 PM
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#2
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I *heart* Revscene.net very Muchie
Join Date: Jul 2007
Location: BC
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Similar increase for most people. Get ready to be assraped by property taxes. BC economy is increasingly more dependent on real estate activities  .
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01-03-2017, 06:20 PM
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#3
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Head of HR....have a seat on that couch
Join Date: Jan 2003
Location: Coquitlam
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What are the comps selling for?
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RSUV #7
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01-03-2017, 06:21 PM
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#4
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RS has made me the bitter person i am today!
Join Date: Apr 2001
Location: Vancouver
Posts: 4,823
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Property Assessment Notice- +36% increase
Currently there are no homes for sale around my area. last one sold for around 988000 about 3 months ago. damn
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01-03-2017, 06:55 PM
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#5
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Say! Say! Say!
Join Date: Aug 2005
Location: Japan
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Our house jumped from 1.3 to 1.9 million.
Don't even know how since I'd never pay that much for my house
Parents were complaining about the ridiculous amount of property tax they'd have to pay this year.
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Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL.
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01-03-2017, 07:19 PM
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#6
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I have named my kids VIC and VLS
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As discussed in the real estate thread, increase in value doesn't necassarily mean higher taxes.
Beleive ours went up about 34%
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Dank memes cant melt steel beams
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01-03-2017, 07:35 PM
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#7
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My homepage has been set to RS
Join Date: Sep 2010
Location: Coquitlam
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Yes, common myth that property tax increases the same proportionately as property value increases, or at least assessed values.
http://www.reibc.org/_Library/Input_...16_for_Web.pdf
Read P.29
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01-03-2017, 07:36 PM
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#8
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MiX iT Up!
Join Date: May 2006
Location: vancouver
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Quote:
Originally Posted by Hondaracer
As discussed in the real estate thread, increase in value doesn't necassarily mean higher taxes.
Beleive ours went up about 34%
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interesting - do you have the page number on where it starts? or paste link?
I always thought assessment value is the baseline for tax calc. Would love to read why this is not the case.
on topic: my condo went up 80k 
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Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt
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01-03-2017, 08:07 PM
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#9
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RS has made me the bitter person i am today!
Join Date: Mar 2011
Location: Vancouver
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Quote:
Originally Posted by tiger_handheld
interesting - do you have the page number on where it starts? or paste link?
I always thought assessment value is the baseline for tax calc. Would love to read why this is not the case.
on topic: my condo went up 80k |
Page 29: Property Tax 101.
You can also see the rates for the City of Vancouver ( http://vancouver.ca/home-property-de...sidential.aspx) - you'll note that the rates have gone DOWN each year b/c of increasing property values. That doesn't mean your total doesn't go up but it's not the property assessment that's causing it to go up.
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Last edited by supafamous; 01-03-2017 at 08:30 PM.
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01-03-2017, 08:13 PM
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#10
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I subscribe to Revscene
Join Date: Nov 2006
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DT?
Quote:
Originally Posted by tiger_handheld
interesting - do you have the page number on where it starts? or paste link?
I always thought assessment value is the baseline for tax calc. Would love to read why this is not the case.
on topic: my condo went up 80k |
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01-03-2017, 08:13 PM
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#11
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RS has made me the bitter person i am today!
Join Date: Mar 2011
Location: Vancouver
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Mine went from 1.056 to 1.34M (duplex). Parents went from 1.275 to 1.665M (SFH). We're both in East Van.
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01-03-2017, 08:22 PM
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#12
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RS.net, helping ugly ppl have sex since 2001
Join Date: Feb 2011
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Mothers apartment went up 30k, brothers townhouse went up 180k, aunts home went up 400k, friends home in Coquitlam went up 230k...
... And I'm just sitting here renting a basement suite
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01-03-2017, 08:27 PM
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#13
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OMGWTFBBQ is a common word I say everyday
Join Date: Apr 2001
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My assessment went up 38%.
Comps sold for 5% higher over the assessment at the peak of the market last summer.
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01-03-2017, 08:33 PM
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#14
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Where's my RS Christmas Lobster?!
Join Date: Aug 2006
Location: Vancouver BC
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It's not the absolute amount of assessment increase that you should be worried about. What drives up your property tax is (1) the increase in spending by your municipal government and (2) the relative increase of your assessment increase to other properties.
(1) is typically the biggest culprit, thanks to the lack of accountability / review / scrutiny.
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01-03-2017, 08:48 PM
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#15
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I don't get it
Join Date: May 2011
Location: van
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Losing the home owner grant because the value being over $1.2 million is worse
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01-03-2017, 08:54 PM
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#16
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Head Moderator
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Quote:
Originally Posted by Coren
Losing the home owner grant because the value being over $1.2 million is worse
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The grant is still available if its over 1.2 million. The true cut off is $1.314 (or 1.354 in Northern/Rural areas). You simply get less money.
Also, $570 isn't much to get upset about to be perfectly honest...
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01-03-2017, 09:04 PM
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#17
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Head of HR....have a seat on that couch
Join Date: Jan 2003
Location: Coquitlam
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Just checked a couple of places that recently sold in my area. On one, the new, assessed value is $835K, even though it sold 10 days ago for $710K.
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feedback
Originally posted by v.b.
can we stop, my pussy hurts...
Originally posted by asian_XL
fliptuner, I am gonna grab ur dick and pee in your face, then rub shit all over my face...:lol
Originally posted by Fei-Ji
haha i can taste the cum in my mouth
Originally posted by FastAnna
when I was 13 I wanted to be a video hoe so bad
RSUV #7
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01-03-2017, 09:21 PM
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#18
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I *Fwap* *Fwap* *Fwap* to RS
Join Date: Mar 2013
Location: Vancouver
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Remember, the assessment is based on July of last year.
Mine (SFH) increased 323k. $1.277m to $1.650m
Last edited by Mikoyan; 01-03-2017 at 09:26 PM.
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01-03-2017, 09:40 PM
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#19
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Need to Shave n Shower, but I CANT STOP POSTING ON RS
Join Date: Apr 2004
Location: Nanaimo
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Wrong thread.
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Until the lions have their own historians, the history of the hunt will always glorify the hunter.
Last edited by Manic!; 01-04-2017 at 12:37 AM.
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01-03-2017, 10:16 PM
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#20
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Need to Shave n Shower, but I CANT STOP POSTING ON RS
Join Date: Apr 2007
Location: Okanagan
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Mine went up quite a bit, but not nearly as much as some of you guys. Looking at the numbers for some of my neighbours properties is insane though, the sale amounts too. One place was assessed for $450k last year, is now $518k, but sold in August for $850k. Which was more than it was listed for. That's just insanity.
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reading this thread is like waiting for goku to charge up a spirit bomb in dragon ball z
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OH thank god. I thought u had sex with my wife. :cry:
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01-03-2017, 10:36 PM
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#21
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Everyone wants a piece of R S...
Join Date: Jan 2013
Location: Vancouver
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Quote:
Originally Posted by Lomac
The grant is still available if its over 1.2 million. The true cut off is $1.314 (or 1.354 in Northern/Rural areas). You simply get less money.
Also, $570 isn't much to get upset about to be perfectly honest...
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Went from 1,020,000 to 1,381,000. I'd rather keep my 570.
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01-03-2017, 11:27 PM
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#22
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Where's my RS Christmas Lobster?!
Join Date: Aug 2012
Location: Vancouver
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i heard the houses between naniamo and the drive on broadway are estimated about at 3m a pop because of rezoning, so potential 5 story condos popping up soon
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01-04-2017, 02:17 AM
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#23
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NEWBIE ACCOUNT!
Join Date: Sep 2014
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If it's not to collect more taxes on property what is the purpose of the BC Assessment? I guess the government is just being kind giving people free assessments  .
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01-04-2017, 05:04 AM
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#24
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I *heart* Revscene.net very Muchie
Join Date: Jul 2007
Location: BC
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No one's claiming the property tax will increase proportionately to the house's assesemt value. That'd be absurd and results in a huge incentive to skew assessed value. The city's budget will continue to increase going forward and TransLink will find ways to charge more property taxes.
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01-04-2017, 08:39 AM
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#25
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Los Bastardo owned my ass at least once
Join Date: Mar 2006
Location: Vancouver
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I'm feeling shafted, mine only went up by 5%
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