Thursday, January 05, 2012

Assessments 2012

This  shows the total % change for all property types within each property classification between the 2011 and 2012 Assessment Rolls.


Don Quixote Note: Basically this means that in the case of the average Residence in Vernon the assessment has decreased by1.39% over 2011. 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 2012 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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