Property taxes

Penticton Mayor Julius Bloomfield wants the public’s feedback on what he says will be a difficult tax year. (Brennan Phillips - Western News)

Opinion: Penticton mayor reflects on why this will be a difficult tax year

Last year’s investment in public safety and a tax deferral is weighing on this year’s budget

  • Feb 23, 2023

 

Summerland’s preliminary budget document calls for expenditures of $16,761,559, not including debt charges, transfers to capital or transfers to reserves. The chart shows how this money is to be distributed. The details may change by the time the budget is finalized. (John Arendt - Summerland Review)

Summerland taxes expected to increase by 3.76%

Budget for 2023 in excess of $19M

 

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

 

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)
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
St. John’s Lutheran Church in Summerland is one of three churches in Summerland deemed to have land in excess of what is needed to deliver services. (John Arendt - Summerland Review)

Summerland churches receive property tax relief

Permissive tax exemptions granted to three churches with excess lands

St. John’s Lutheran Church in Summerland is one of three churches in Summerland deemed to have land in excess of what is needed to deliver services. (John Arendt - Summerland Review)
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)
The Barclay House on Victoria Road South in Summerland is the oldest continuously inhabited home in Summerland. This year, homes across the province saw a dramatic increase in their assessment values. (John Arendt - Summerland Review)

EDITORIAL: The impact of rising assessment values

Higher housing assessment figures do not necessarily mean a corresponding tax increase

  • Jan 13, 2022
The Barclay House on Victoria Road South in Summerland is the oldest continuously inhabited home in Summerland. This year, homes across the province saw a dramatic increase in their assessment values. (John Arendt - Summerland Review)
Most property assessments in Salmon Arm for single family homes jump by more than 30 per cent. (File photo)

Most Salmon Arm properties see 2022 assessment jump more than 30 per cent

BC Assessment notes top-priced single family home in Salmon Arm is valued at 2,528,000

Most property assessments in Salmon Arm for single family homes jump by more than 30 per cent. (File photo)
This residence is known as Bison Lodge. (BC Assessment photo)

The 10 most valuable homes in Revelstoke for 2021

Revelstoke is home to 11 of the top 50 most valuable properties in the Kootenay-Columbia region

This residence is known as Bison Lodge. (BC Assessment photo)
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)

Update: Penticton disputes B.C. Ombudsperson’s finding that it should repay after selling woman’s home

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)
The Downtown Penticton Association is looking forward to hosting a full scale market in 2022 but in the meantime they have a mini market this summer 2021. (File photo)

Downtown Penticton Association opposes potential 8.5% tax hike

Increase ‘disheartening and alludes to a disassociation from the financial realities’ many face: DPA

The Downtown Penticton Association is looking forward to hosting a full scale market in 2022 but in the meantime they have a mini market this summer 2021. (File photo)
Send your letter to the editor via email to news@summerlandreview.com. Please included your first and last name, address, and phone number.

LETTER: School tax rate increased significantly

Business property tax bill rose because of higher school tax amount

  • May 28, 2021
Send your letter to the editor via email to news@summerlandreview.com. Please included your first and last name, address, and phone number.
Summerland’s Kettle Valley Steam Railway’s permissive tax exemption will be $39,720.56. Permissive tax exemptions for nine places of worship and 11 nonprofit organizations amount to $166,646.40. (Summerland Review file photo)

Summerland grants more than $166,000 of permissive tax exemptions

Exemptions granted to places of worship and nonprofit organizations in community

Summerland’s Kettle Valley Steam Railway’s permissive tax exemption will be $39,720.56. Permissive tax exemptions for nine places of worship and 11 nonprofit organizations amount to $166,646.40. (Summerland Review 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
The municipality of Summerland is considering a 1.65 per cent property tax increase for 2021. The increase is lower than tax increases in previous years. (John Arendt - Summerland Review)

Summerland taxes expected to rise by 1.65%

Increases also forecast for Summerland utility rates

The municipality of Summerland is considering a 1.65 per cent property tax increase for 2021. The increase is lower than tax increases in previous years. (John Arendt - Summerland Review)
Lake Country taxpayers could be on the hook for a 3.49 per cent tax increase in 2021. (Brendan Shykora - Calendar staff)

Lake Country considers 3.49 per cent tax increase

Parks, police and CPI make up majority of hike

Lake Country taxpayers could be on the hook for a 3.49 per cent tax increase in 2021. (Brendan Shykora - Calendar staff)
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LETTER: Questions raised about Summerland property taxes

Dear Editor: By now property owners in Summerland will have received their…

(Stock photo)