We have seen a slight cooling off, but still pretty stunning rises in Property Assessment this New Years Day of 2019 in Port Alberni! Here’s a post about what that has actually meant for my home in the taxes I paid in the past 4 years.
Here’s what my Assessment says this morning (3854 6th Avenue — Central Port Alberni — 2200 sqft, 1940 “Character Home” 2 floors + finished basement, standard lot.)
In the same time period, the taxes I have paid (up to 2018) to the City of Port Alberni have gone like this, I’ve also included the budgeted tax increase for the City residential average for each year:
- 2018: Actual: +10.5% ($2162.78) City Budget: +3.5%
- 2017: Actual: +11.7% ($1957.87) City Budget: +2.9%
- 2016: Actual: -7.8% ($1753.67) City Budget: +2.7%
- 2015: Actual: -2.1% ($1905.55) City Budget: +3.0%
Digging a little further, if you take away the non-Municipal taxes, ie: School Tax, Regional, Hospital, etc. and just take the “General” item from the tax assessment which is what the City controls* the list looks like this:
- 2018: Municipal: +8.2% ($1516.81) City Budget: +3.5%
- 2017: Municipal: +9.6% ($1402.50) City Budget: +2.9%
- 2016: Municipal: -7.5% ($1279.44) City Budget: +2.7%
- 2015: Municipal: -1.5% ($1383.13) City Budget: +3.0%
The total change in assessment since 2015: 55.3% ($81,100) or 13.8% per year.
The total change in total actual taxes paid since 2015: 13.5% ($257.23) or 3.4% per year
The total change in municipal taxes paid since 2015: 9.7% ($133.68) or 2.4% per year.
That’s the bottom line. In my personal estimation, while the BC Assessment increases and decreases seem very volatile and seem to make the taxes I pay swing up and down quite a bit, in the end, the average rate I pay is not rising at an unreasonable rate.
*it is worth noting the City would have some say in the “Regional” amount as a member of the Alberni Clayoquot Regional District but the “General” amount is the one that is often quoted by the press.