Tax It Until Government Owns It

Holy Toledo!

B.C. Assessment has mailed out 2017 notices of property value changes.

According to KISS-FM news website, here's the teaser:


Jurisdiction -- 2016 Assessment Roll --  2017 Assessment Roll --  Typical % change in value

Penticton    $ 404,400     $ 434,100    +7.3%
Penticton (Strata)    $ 228,800     $ 247,800     +8.3%
Summerland    $ 452,000     $ 505,600    +11.9%
Keremeos    $ 233,300     $ 256,000    +9.7%
Oliver    $ 312,800     $ 330,400    +5.6%
Osoyoos    $ 371,200     $ 406,700    +9.6%
Princeton    $ 197,200     $ 203,600    +3.2%
Kelowna    $ 561,600     $ 624,000    +11.1%
Kelowna (Strata)    $ 285,400     $ 325,900    +14.2%
Peachland    $ 475,900     $ 527,500    +10.8%
Lake Country    $ 545,200     $ 634,000    +16.3%
West Kelowna    $ 535,800     $ 593,000    +10.7%
Armstrong    $ 312,000     $ 330,500    +5.9%
Enderby    $ 242,300     $ 262,300    +8.3%
Vernon    $ 412,800     $ 444,100    +7.6%
Vernon (Strata)    $ 219,100     $ 230,900    +5.4%
Coldstream    $ 543,600    $ 581,300    +6.9%
Salmon Arm    $ 350,500    $ 375,900    +7.2%
Spallumcheen    $ 360,900    $ 374,000    +3.6%
Sicamous    $ 298,500    $ 317,700    +6.4%
Lumby    $ 265,500    $ 280,800    +5.8%


Teaser?
Before we even receive them in the mail?

"More like being beaten prior to a scheduled poisoning," Kia would've said.

And local government says they're "holding" tax increases to--approximately--the cost of living (~about 2%).

So we'll be at a property tax increase that approaches 10 per cent.

If local government DOES NOT increase the mill rate...