Mayor's Report - January 2012

In early January we received our 2012 property assessment notices from the BC Assessment Authority, and it is interesting to examine the statistics. Overall, the total assessment base in Belcarra increased by +4.2% while for School District No.43 the total assessment base increased by +5.1%. (Last year School District No.43 had an overall assessment increase of +8.1%.) However, since non-market increases accounted for +0.5% of the Belcarra's total assessment for 2012, the average assessment increase in Belcarra was actually +3.7% due to market movement. (Last year Belcarra's total assessment increased by +2.0%, but the average assessment increased by +1.6% due to market movement.)

A look at the overall increase in total assessed values for the municipalities comprising School District No.43 shows that Belcarra's assessments compare as follows:

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