Homeowners in Cowichan Lake-area win $10.5 million in property assessment rollbacks

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Finance News

Cowichan Lake,Homeowners,Property Assessments

Twenty-one homeowners in the Cowichan Lake-area have successfully appealed their property assessments, resulting in $10.5 million in rollbacks and significant tax savings. Shelley Robinson, one of the homeowners, shares her relief and the impact it will have on her finances. She also expresses her concerns about the outdated photographs presented by B.C. Assessment staff during the appeal process.

Twenty-one Cowichan Lake -area homeowners have won $10.5 million in rollbacks on their property assessments , saving them thousands of dollars in taxes. Shelley Robinson, who has a modest home at Honeymoon Bay, saw her 2023 assessed value drop to $1.056 million from $2.234 million after appealing to the Property Assessment Appeal Board of B.C. “It’s going to make all the ­difference to me,” said Robinson, who is expecting a tax refund of almost $6,000. Robinson, whose 2024 assessment is $1.

088 million, said she considers the revised value fair for the half-acre ­property close to the water. She said she grew up in the house, which was built by her father in the late 1940s, and had feared that she might be forced to sell it because of high taxes. Robinson is one of 25 property ­owners in the Cowichan Lake area who went through B.C. Assessment’s appeal process, which she called a difficult and “tumultuous” process. “I put hundreds of hours into this.” One of her concerns is that B.C. Assessment staff presented photographs of the property that were 30 years out of dat

Source: Real Estate Daily Report (realestatedailyreport.net)

Cowichan Lake Homeowners Property Assessments Rollbacks Taxes Appeal B.C. Assessment Photographs

 

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