Property taxes

Regional District of Nanaimo directors passed their 2023-27 financial plan at a meeting on March 14. (News Bulletin file photo)

Regional District of Nanaimo directors adopt 2023 budget with 9% increase

2023-27 financial plan bylaw adopted by RDN board at March 14 meeting

 

Floyd Augustine, a waterfront property owner in Youbou, is among dozens that are appealing their properties’ value that was assessed by BC Assessment this year. (Citizen photo)

Assessment shock: Island property bought for $4,000 now assessed at $2.1 million

Youbou land owner stunned to see tax assessment jump by $500,000 in one year

 

Regional District of Nanaimo’s directors will be holding budget discussions throughout February. (News Bulletin file photo)

RDN directors look to chip away at potential 11-per cent tax requisition increase

Regional District of Nanaimo budget discussions happening throughout February

 

Snow-covered houses and the downtown skyline are seen in Vancouver, B.C., Wednesday, Nov. 30, 2022.The British Columbia government is boosting the homeowner grant threshold to $2.125 million for this year as average property values increase by 12 per cent.THE CANADIAN PRESS/Darryl Dyck

B.C. government increases homeowner grant limit as home values rise by 12 per cent

Highest valued home in the province is a $74 million Vancouver waterfront compound

Snow-covered houses and the downtown skyline are seen in Vancouver, B.C., Wednesday, Nov. 30, 2022.The British Columbia government is boosting the homeowner grant threshold to $2.125 million for this year as average property values increase by 12 per cent.THE CANADIAN PRESS/Darryl Dyck
Gill Road in Ladysmith boasts the town’s top three highest-assessed residential properties. (Google Maps image)

Ladysmith’s top 10 highest-assessed homes

Assessment notices indicate property values in Ladysmith increased 15 per cent

Gill Road in Ladysmith boasts the town’s top three highest-assessed residential properties. (Google Maps image)
Still from Chilliwack Realtor Kevin Schroeder’s January 2022 Instagram video where he explains how BC Assessment increases in property value have no impact on property taxes. (Instagram @kevinschroederrealtor)

OPINION: B.C. Realtor’s explanation how property assessment increases do not affect taxes

Because it’s important, a 2nd look at Kevin Schroeder’s Instagram video on how property taxes work

Still from Chilliwack Realtor Kevin Schroeder’s January 2022 Instagram video where he explains how BC Assessment increases in property value have no impact on property taxes. (Instagram @kevinschroederrealtor)
Three of the top five highest-assessed residential properties in Nanaimo-Lantzville are found on Dickinson Road. (News Bulletin file photo)

Top 10 highest-assessed properties in Nanaimo and Lantzville

Assessment notices indicate property values in Nanaimo increased 12 per cent

Three of the top five highest-assessed residential properties in Nanaimo-Lantzville are found on Dickinson Road. (News Bulletin file photo)
Snow-covered houses and the downtown skyline are seen after a snowstorm, in Vancouver on November 30, 2022. British Columbia’s property assessment agency is warning homeowners that figures released next month will likely be higher than the current market value.THE CANADIAN PRESS/Darryl Dyck

B.C. property assessments higher, but market has changed: assessor

Homeowners warned they are about to receive assessments that won’t reflect current values

Snow-covered houses and the downtown skyline are seen after a snowstorm, in Vancouver on November 30, 2022. British Columbia’s property assessment agency is warning homeowners that figures released next month will likely be higher than the current market value.THE CANADIAN PRESS/Darryl Dyck
Victoria council, meeting as committee of the whole, will consider a motion on a voluntary reconciliation tax. (Black Press Media file photo)

B.C.’s capital considering voluntary Indigenous reconciliation tax for property owners

Under Victoria proposal, city taxpayers would have option to add contribution to area First Nations

Victoria council, meeting as committee of the whole, will consider a motion on a voluntary reconciliation tax. (Black Press Media file photo)
View Royal Mayor David Screech finds himself annually explaining to residents that property taxes don’t increase or decrease to the same degree as property assessments. With assessments jumping 25 to 30 per cent in his municipality alone, he felt the need to post an explanation on social media. (Black Press Media file photo)

Assessments vs. taxation: why soaring Island assessments may not mean soaring taxes

Average increase, municipal budget shape tax increases more than individual assessment hike

View Royal Mayor David Screech finds himself annually explaining to residents that property taxes don’t increase or decrease to the same degree as property assessments. With assessments jumping 25 to 30 per cent in his municipality alone, he felt the need to post an explanation on social media. (Black Press Media file photo)
A home on Stephenson Point Road is one of six residential properties on the road that ranked among the top 10 of Nanaimo’s highest-assessed homes listed by B.C. Assessments in 2022. (Chris Bush/News Bulletin)

Nanaimo’s top 10 highest-assessed properties for 2022

Market forces lift single-family home assessments 34 per cent

A home on Stephenson Point Road is one of six residential properties on the road that ranked among the top 10 of Nanaimo’s highest-assessed homes listed by B.C. Assessments in 2022. (Chris Bush/News Bulletin)
This home at 2357 Cornwall Drive was sold by the city for $150,000 at auction. It was assessed at $420,000. BC Ombudsperson filed a report saying the city failed to help a vulnerable person and sold her home over not paying $10,000 property tax. (Logan Lockhart Western News)

Update: Penticton to pay $140K to vulnerable woman who lost home over unpaid taxes

Mayor offers apology to woman who lost her home to the city after not paying $10K in taxes

This home at 2357 Cornwall Drive was sold by the city for $150,000 at auction. It was assessed at $420,000. BC Ombudsperson filed a report saying the city failed to help a vulnerable person and sold her home over not paying $10,000 property tax. (Logan Lockhart Western News)
City of Penticton is being called out for evicting and selling a vulnerable woman’s home at auction for not paying $10,000 in property taxes. (File photo)

Penticton should repay vulnerable woman after home sold to pay property tax: B.C. Ombudsperson

The City of Penticton sold the home after the woman was unable to pay $10,000 in taxes

City of Penticton is being called out for evicting and selling a vulnerable woman’s home at auction for not paying $10,000 in property taxes. (File photo)
City of Nanaimo council chambers. (News Bulletin file photo)

Editorial: Participate in city’s financial planning process

The City of Nanaimo has started work on its 2022 budget and is interested in public input

City of Nanaimo council chambers. (News Bulletin file photo)
The Greater Nanaimo Chamber of Commerce has asked Nanaimo city council to consider a commercial property tax freeze to help offset negative financial impacts of COVID-19. (News Bulletin file photo)

Nanaimo council asks for report on potential one-year commercial property tax freeze

Report based on chamber of commerce proposal to ease COVID-19 stress on business community

The Greater Nanaimo Chamber of Commerce has asked Nanaimo city council to consider a commercial property tax freeze to help offset negative financial impacts of COVID-19. (News Bulletin file photo)
A real estate sold sign hangs in front of a Canadian property Friday, Nov. 4, 2016. THE CANADIAN PRESS/Graeme Roy

W-shaped recovery would be ‘very severe’ without government assistance: CMHC

The corporation says the COVID-19 pandemic could trigger nearly 50 per cent drop in housing prices

A real estate sold sign hangs in front of a Canadian property Friday, Nov. 4, 2016. THE CANADIAN PRESS/Graeme Roy
A lakeside home on Ross Road is listed as one of Nanaimo’s top 10 highest-assessed residential properties according to B.C. Assessment, which valued it at $2,369,000. (Chris Bush/News Bulletin)

Nanaimo’s top 10 highest-assessed residential and commercial properties

Owners of single family homes in Nanaimo see assessed values rise five per cent

A lakeside home on Ross Road is listed as one of Nanaimo’s top 10 highest-assessed residential properties according to B.C. Assessment, which valued it at $2,369,000. (Chris Bush/News Bulletin)
The Neucel pulp mill in Port Alice has been sent to receivership. (Tyson Whitney)

Dormant Northern Vancouver Island pulp mill declares bankruptcy, owes $272 million

Port Alice’s main employer and tax payer has left the village on the hook for $1.8 million

The Neucel pulp mill in Port Alice has been sent to receivership. (Tyson Whitney)
Regional District of Nanaimo directors are expected to vote on the 2020 budget at their Feb. 25 meeting. (News Bulletin file)

RDN budget includes unexpected $1.5 million for sewer pipe replacement

Pipe corrosion at Departure Bay discovered in December

Regional District of Nanaimo directors are expected to vote on the 2020 budget at their Feb. 25 meeting. (News Bulletin file)
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