Thousands warned of property value spike

Early notifications go out to homes that face assessment jump of more than 15 per cent

An unusually high number of Metro Vancouver homeowners are being warned they will get a sharply higher property assessment next month that may trigger an unwelcome property tax increase.

BC Assessment says it has sent out 37,000 early notification letters across B.C., with almost two-thirds of them going to Metro Vancouver home owners. That’s significantly more than most years.

“Early notification letters are mailed to property owners who can expect an increase of at least 15 per cent above the average increase in their local taxing jurisdiction,” said assessor Jason Grant.

“We want to ensure impacted property owners are aware of the significant increases and we welcome them to contact us. if they have any questions or concerns.”

Increases of 15 to 25 per cent will be typical for single-family detached houses in Vancouver, the North Shore, Burnaby, Tri Cities, New Westminster, Richmond and Surrey, Grant said.

He said typical strata residential increases will be in the five to 10 per cent range.

Examples of the sort of increases coming in the Surrey area include a 1981 detached house in South Surrey that will see its 2016 assessment climb 10 per cent to $790,000 from $716,000, as well as a 1983 house in Fleetwood that’s up 11 per cent from $514,000 to $573,000.

The final assessments that go out in early January reflect the market value as of July 1.

Just Posted

New Surrey councillor is a newer dad

Mandeep Nagra’s son Kabar was born at Surrey Memorial Hospital, four days after the civic election

Over-budget bids cause delay of four Surrey school projects

Two projects have gone back out to tender, two awaiting ‘revised budget approval’ from Ministry of Education

Fees ensure patients have access to parking at SMH, FHA says

Fraser Health Authority hasn’t heard yet from city hall about pay parking at Surrey hospital

Free hospital parking a non-starter in White Rock

City considering task force to look at parking generally – Walker

VIDEO: B.C. legislature clerk, sergeant at arms suspended for criminal investigation

Clerk of the House Craig James, Sergeant-at-arms Gary Lenz on administrative leave

South Korean named Interpol president in blow to Russia

South Korea’s Kim Jong Yang was elected as Interpol’s president edging out a longtime veteran of Russia’s security services.

E. coli outbreak linked to romaine lettuce sickens 18 people in Ontario, Quebec

The Canadian Food Inspection Agency says it’s working with U.S. authorities to determine the source of the romaine lettuce those who got ill were exposed to.

Trump defies calls to punish crown prince for writer’s death

The U.S. earlier sanctioned 17 Saudi officials suspected of being responsible for or complicit in the Oct. 2 killing, but members of Congress have called for harsher actions, including cancelling arms sales.

British, EU leaders to meet as Brexit deadline looms

The U.K. and the European Union agreed last week on a 585-page document sealing the terms of Britain’s departure.

Richard Oland was killed ‘in a rage,’ prosecutor tells son’s murder trial

The verdict from Oland’s 2015 murder trial was set aside on appeal in 2016. Richard Oland, 69, was found dead in his Saint John office on July 7, 2011.

B.C.’s HMCS Edmonton rescues two more sea turtles

Warship credited with a turtle rescue earlier in November

Former NHL player and coach Dan Maloney dies at 68

Maloney coached the Toronto Maple Leafs and Winnipeg Jets

Ex-MSU president charged with lying to police about Nassar

Lou Anna Simon was charged Tuesday with lying to police during an investigation

Most Read