Coquitlam’s mayor took to Facebook with a post tonight called “I’m mad at you about my property assessment”, less than a week since numbers from BC Assessment were released.
Richard Stewart says he’s not surprised to receive angry e-mails from residents about their property assessments.
He says that some people don’t understand the relationship between the assessments and taxes.
“Well, the angst is a little misplaced. It’s not their fault, it’s just an incredibly confusing and non-intuitive form of taxation if we taxed based on property value, but property value isn’t the substantive issue related to the taxation, it’s only the means of the deciding how the property taxes gets divided.”
“They perceive property value to be the main criterion for property tax calculation and while it is a criterion, it isn’t the main one, the main one is the average property value. If your property value went up the same as everybody elses, you don’t have anything to fear.”
Stewart says some people believe that it’s the local government making the decision.
“This is a provincial mandate, this is a system of taxation established by a provincial government years ago. And local governments simply have to implement it.”
Stewart says the biggest misconception is higher the property values means higher the taxes.