LETTER: Municipalities getting taxes wrong at assessment time

To the Editor,

If property assessments take a rise in property values, the mill rate from the previous year should be lowered or stay the same.

This is not happening.

What is happening is that when property assessments go up in value, municipal governments are raising the mill rate.

That is wrong and taxpayers are paying too much on their property taxes.

Property tax formula is assessment value times mill rate, divided by 1000. For example if the tax assessment is $500,000, the calculation is $500,000 x mill rate divided by 1000. In 2017 if the mill rate was six, the property tax would be $3,000. If this assessment went up to $550,000 keeping the mill rate the same as in 2016, the property tax would be $3,300. Raising the mill rate to 6.5 would make the property tax at $3,575, so in reality the rule of thumb, is never raise the mill rate when property assessments are on the increase.

The increase is automatic.

Also a rule of thumb is before paying your tax bill, check all of the assessments on the street you live on to compare your property to your neighbour’s property assessment. You will find some big surprises, letting you know that you are paying your taxes in July on bogus tax assessments. This info can be found on line under Evalue on the B.C. assessment site, or in your local library.

Joe Sawchuk,

Duncan

Just Posted

Port Alberni residents enjoy public tours on Coast Guard vessel

PromoScience Expedition offered the public a chance to learn about marine research

Coast Guard vessel open for second day of public tours on Alberni waterfront

Talk to marine scientists, learn about research equipment on CCGS Vector

Port Alberni walks for World Food Day

John Paul II Catholic School students walked to end world hunger

San Group announces plans to build new sawmill in Port Alberni

San Group has purchased 25 acres of Catalyst Paper land on Stamp Avenue for its expansion

Two Port Alberni cannabis dispensaries raided on legalization day

Leaf Compassion and Cannabis Club ticketed for “unlawful sale” of cannabis

Tommy Chong says cannabis legalization makes him proud to be a Canadian

Legendary marijuana advocate and comedian celebrates cultural milestone at Kelowna event

Payette invites critics to ‘come and spend a few days’ with her

Governor General Julie Payette made her first official to B.C. back in March

More pot stores expected in B.C. in coming ‘weeks and months’: attorney general

Attorney General David Eby and Public Safety Minister Mike Farnworth visited the new BC Cannabis Store in the province’s Interior

Telus launches charitable foundation to help vulnerable youth

The Telus Friendly Future Foundation complements other social initiatives by the company, including Mobility for Good

Police say suspicious death of B.C. artist ruled a homicide

Patrick Zube Aylward’s body was found in a residence on a rural road outside of Seton Portage, west of Lillooet, B.C.

Temporary roads being built in areas affected by landslide in northern B.C.

Emergency Management BC news release says Disaster Financial Assistance is available to eligible residents of the Peace River Regional District who may have been affected by the landslides

B.C. tickets win big in Lotto Max draw

Jackpot carried over; B.C. tickets share Max Millions prizes

‘Mom, I’m in trouble:’ Canadian faces 10 years for alleged graffiti

Brittney Schneider, another tourist caught spraying message on walls of Tha Pae Gate in Thailand

Most Read