Tuesday, January 02, 2018

Local Assessment Roll Values for Local Areas. (Your Assessment Notice is in the mail )

Assessment average %age changes for Vernon will be posted when available after Jan 2, 2018.

If your assessment percentage change is close to the average, then this year's assessment will not mean much to your tax bill. Any increase in your municipal taxes will be solely due to increased municipal spending, not the share of the tax burden that you personally carry.
If your percentage change is below the average, then your tax bill will be proportionately smaller than it was last year.
And if your percentage change is above the average, then your bill will be proportionately higher.
Despite these calculations, of course, the final determinant of the size of your 2018 tax bill will be how much your municipal council decides to spend. Your assessment in relation to others only determines the proportion of the total tax burden you'll pay. That total is in your council's hands.
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To check 2017 property assessments online go to http://evaluebc.bcassessment.ca/
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The summary below provides estimates of average 2017 versus 2018 assessed values of residential homes throughout the region. These examples demonstrate market trends for single family residential (or strata where noted) properties by geographic area: 



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