Sunday, May 16, 2010

Property Tax Estimator - City Of Vernon

CITY OF VERNON PROPERTY TAX ESTIMATOR NOW ONLINE


To estimate your 2010 municipal taxes, enter the property assessment values from your BC Assessment Notice in the boxes below.(GO to City's calculator at Link Above)
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Don Quixote Note: I have checked out the calculator and my property taxes are going up 9.3% overall with my Municipal share of the taxes going up 10.6%. My actual assessment went up 5.6 % as compared to the average residential assessment decrease of 2.92 % thus accounting for the above average increase. (Average House is suppose to have a 1.9% municipal tax increase.)
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  • 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 2010 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.
DistrictLocal AreaResidential (% increase)DescendingBusiness/Other (% increase)
VernonVernon- 2.929.97
VernonColdstream- 3.8513.90

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This is a comparison of a property in Vernon with one in Kelowna at the same value in 2009 and 2010.

Y0u can find the Kelowna Tax calculator here so you can do a similiar comparison for your own Residential Property.

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