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Friday, January 7, 2011
West Van: 88 pages North Van: 76 pages
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Chrysler ready to soar Page 36
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Assessments jump by up to 20%
Average West Vancouver increase 13% Jane Seyd jseyd@news.com
PROPERTY values on the North Shore are on the rise again. Assessments mailed out to homeowners this week show property values are up this year, anywhere between five and 20 per cent. have your say at nsnews.com
That’s in contrast to the situation last year, where property assessments didn’t change much, and some even dropped. This year, properties in both the city and district of North Vancouver rose in value between five and 15 per cent, with an average eight per cent increase for residential homes. In West Vancouver, the increase in assessed value was even more pronounced, with assessments increasing up to 20 per cent and the average increase sitting at about 13 per cent. Assessed value is determined each year by the NEWS photo Mike Wakefield B.C. Assessment Authority, THIS home in the 2600-block of Finch Hill in West Vancouver is listed for sale at $13.98 million. The number of multi-million-dollar valued using July 1 as the date of homes in West and North Vancouver continues to rise. For more photographs of expensive North Shore real estate go to www.nsnews.com. property valuation. It’s one of the key factors that go into determining local property taxes each year. When the value of a property goes up more than the average increase in that area, homeowners can usually expect their taxes to be higher too. Homeowners whose properties’ 21, 2009 after a night of drinking in downtown Vancouver. Khan increase in value is less than average can often expect a lower- James Weldon has claimed the injuries he sustained in the attack have left him than-average tax bill increase. jweldon@nsnews.com unable to work since. In West Vancouver, one of the most expensive real-estate Gillan pled guilty in July 2009 to assault for his role in the markets in the country, a single-family home in Dundarave has THE lawyer for the West Vancouver police officer incident, and was handed a 21-day conditional sentence and six gone up in value to $1.3 million from $1.1 million the previous who assaulted newspaper carrier Firoz Khan two year. A waterfront home that used to be assessed at $2.9 million years ago contends the victim is exaggerating the months probation. is now valued at $3.3 million. He later faced a police disciplinary hearing overseen by extent of his injuries. Abbotsford Chief Const. Bob Rich. Rich recommended that Gillan Jason Grant, area assessor, said the increases are a reflection David Butcher, lawyer for WVPD Const. Griffin Gillan, made be reduced in rank from constable to probationary constable — of what happened in the real estate market between July 1, 2009 and July 1, 2010. the suggestion at a public hearing into the matter that got underway equal in pay and prestige to a rookie — and that he be suspended According to statistics released this week by the Real Estate Wednesday. Gillan appeared before adjudicator Harry Boyle in a without pay for 10 days on top of the 11 months he had already been off the payroll. Rich also recommended that Gillan get Board of Greater Vancouver, the average selling price of a home sparsely attended provincial courtroom in Vancouver. Gillan, 24 at the time of the incident, was one of three off-duty See Price page 5 Lower Mainland police officers who reportedly set upon Khan Jan. See Victim’s page 3
WV cop’s complaint hearing begins
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