Fort St. John Property owners could be expecting an increase in their property tax assessments.
The increase does not mean that property owners will be subject to an increase in municipal taxes, but rather an increase in property value.
Despite the 7.38% increase for residential properties and .69% for commercial, property owners will not necessarily witness the equivalent increase with regards to their property taxes.
As a result, the amount of tax which property owners would be required to pay based on their assessments may increase, depending on whether the mill rate changes or remains the same.
Laura Sanders, director of finance, says that “once the municipal budget is determined and the amount of revenue required is calculated, the tax rates are determined using the assessed values provided by BC Assessment.”
Any property owners with questions are encouraged to contact BC Assessment by calling 1-800-990-1160 or by visiting here.
Changes which may occur will not be determined until the City, along with other tax authorities, has completed its 2011 budget deliberations.