Great information on the new 2019 BC Assessments
Many, if not all, homeowners have now received their 2018 BC Assessment statements in the mail. And for many it was definitely a shock. It has certainly been the talk of the real estate business in town.
This week our office had an interesting presentation from Ramaish Shah, who is the Deputy Assessor for the Kootenay Columbia Region.
He provided some good information assessments in the region.
In the city of Nelson, he said the increase in assessment was up between 5%-25% with the largest increase coming in the neighbourhood of Fairview, which went up in the range of 5%-30%.
He also explained that an increase in assessments did not necessarily mean an increase in taxes. Below is an illustration of how assessments impact actual taxation.