January 10th, 2023, Owen Bigland
The 2023 Tax Assessments have just arrived and in most cases they are up between 5-15%. In some cases, like luxury condos over $2 mil they are down slightly. I will also discuss the limitations of the assessment values and how they have little correlation to market values. I will discuss property taxes and how our current property taxes are actually quite reasonable compared to many other N. American cities.