
That is the end of Coldstream's involvement.
The differential tax increases are the result of the value of each property according to BC Assessment. They assess the value of each property every year using some formulae of their own. Some properies are assessed at amuch higher rate than are others. If a homeowner feels his/her property value is unreasonable he/she must appeal to the Property Assessment Review Panel. Unfortunately that has to be done before the end of January every year.
If a property was assessed at the average percentage increase then the tax increase on that property is 6.95%. If the peoperty is not increased in value compared to last year then one might even get a tax reduction.
I hope this will help. Anyone needing further clarification, send me an email.
I hope this will help. Anyone needing further clarification, send me an email.
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