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Assessment Appeal Numbers Up

By 250 News

Monday, February 11, 2008 03:58 AM

Prince George, B.C. - With most homeowners in Prince George seeing significant increases in their assessments, there should be no surprise that there is an increase in the number of appeals that have been filed.

The deadline for filing an appeal was the end of January, and while not all appeals have been entered into the data base yet, Regional Assessor Gerhardt Brosch says there seems to be an increase. “I think we are seeing an increase of 20%-23% in volume. Last year we had 735 appeals, and so far about 950 have been entered into the data base”says Brosch.

The appeals will start being heard tomorrow at the Civic Centre. Residents who have filed an appeal have likely already gone through the process of discussions with an appraiser and if that didn't resolve the issues,  they now will have an opportunity to state their case before the appeals panel.

“Usually the decision is made at the specific hearing if the assessment should be changed” says Brosch.

The assessment forms the base for municipal taxation, with property owners charged a rate per thousand dollars of assessment.

Brosch says most people understand the values have gone up because of increased prices in sales for comparable homes “Most people have a pretty good idea on what their house is worth. If there has been an error, we will recommend a change.“

In Prince George, the assessed values of residential homes have increased by 20-40%.\

Overall, the assessment roll in Prince George increased from $5.51 billion last year to $6.98 billion this year. While that increase is a reflection of increased market values, it also reflects new construction, rezoning and subdivisions.

    


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Comments

"In Prince George, the assessed values of residential homes have increased by 20-40%." With no improvements or changes to my property or home since 2002, my assessment increased 49% in 2006 and 54% in 2008. The system is definitely in need of improvements. I would like to see an independent body investigate the situation.
A very complicated system it is, lets say every Homeowner pays the same for services received, some of us have there own water and
septic fields, so you pay less, but this system your house is higher assessed you have to pay more is hard to understand.
Assessed values mean nothing until you sell
and many of us are not in the selling game ,
it's our home,a place to live, not a cash cow
for governments.
The assesment is actualy quite fair and a better system then we had a few years back when the assment was done by the wims of an assesor. Today the value of your hame is based on market value. That is if a home like yours is sold within your neighbourhood that will be the assesed value of your home.

It really dosent matter what the assement is you are still at the mercy of the clowns at City hall who will set the mill rate to cover their field of dreams the budget.

Cheers
Well,PG'ers were all on the bandwagon welcoming the higher values of our homes when it came time for selling and putting some money in our pockets. Now that we have to pay higher property taxes, we cry foul. Can't have it both ways folks.
If the value has increased then its expected that the assessment has increased.....but I know someone who's house assessment has doubled in the past 2 years. Neighbouring similar property sold last year for a few grand more than the old assessed value. He's gonna have fun going through all the appeal hassles!
Good on you Bridge, someone does understand.
The assessement on your home means jack poop. That is the only real figure that can be tagged to something anywhere near normal. The other part of the equation is of course what the City needs to run the business. It is that dollar figure, divided by the total "community assesments" that calculates our mill rate.
If your taxes are up it has nothing to do with your assesement, it has to do with the total dollar needs of the City.
Look at what you are getting for buck, that is where the question lies.

Are you getting value for your money?

If not, then get involved to drive the rate down or increase the services that you really want.
Tax grab