” THE CORPORATION OF THE CITY OF PORT COQUITLAM ¢
MEMO OCT 27 1986

TO: B. Kirk, . DATE: October 23, 1986
City Administrator.

FROM: Administration Committee

SUBJECT: 1987 Property Assessments

RECOMMENDATION:

That this report be received.

BACKGROUND & COMMENTS:

TR RR A term em ea nee sna ot TERE RTE a EAE IRON Ge ec

The B.C. Assessment Authority has sent out assessment notices for the
taxation years 1987 and 1988,

The attached spreadsheet shows:

Same amount of money'is levied
986. For example our residential

The amount of real growth. As a result of new construction and/or
zoning changes there would be an increase in our total property taxes
Of $243,240 or 2.8%,

Assessment Appeals:

Property owner's may appeal the value of their assessment by October
3lst if they feel the value assigned is not appropriate.

There has been a Tequest from a member of the
the total assessmen

@s, the Assessor at that time
going to be at the end of the year and
the market at the end of 1981 fell sharply which was not expected. Now the
Assessor has an easier job in that he is dealing less with anticipating
where the market will be, and more with where the market has been.

thiitll” Bf

J Maitland