12 - Sunday, May 23, 1993 - North Shore News

Chilly response to bid for

WEST VANCOUVER’S bid
to have commercial proper-
ty assessments frozen for a
year has received a_ chilly

response from Minister of

Municipal Affairs Robin

Blencoe.

WEST VANCOUVER
DISTRICT COUNCIL

by Maureen Curtis

Mayor Mark Sager said he was
“disappointed’’ in) the answer
from the minister, which be said
failed to address the problems ex-
perienced in West Varneouver as a
result of large jumps in cesidential
and commercial property assess-
ments,

“He has returned the usual
thetoric rather than seriously ad-
dressing the issue,’’ said Sager.

Assessments drive the amount
of school taxes and fees paid to
the Greater Vancouver Regional
District.

Sager is concerned Chat it is
becoming increasingly difficult to
do business in West Vancouver,

“And yet it costs as much to
bake a loaf of bread in) West
Vancouver as it docs elsewhere in

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the Lower Mainland,” said Sager.

Commercial properties in| West
Vancouver have had assessment
increases of up to 70% as a result
of high) property sales in the
area,

The sale, for example, of the
Odeon theatre building on Marine
Drive and the proposed
redevelopment on the site fuelled
a 70% jump in values.

Sager has since learned that the

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redevelopment is not proceeding.

“The assessment inerease was
based on a real sale, but it was a
speculative sale,"' Sager said.

In his letter, Blencoe said that
he addressed the pace of change in
assessments by restoring annual
assessments and by introducing
the authority for municipalities to
opt for the averaging or phising-
in of land assessments,

Averaging is limited to the kind

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assessment freeze

component of assessments, where
most of the volatility of assess-
ments is generated,

The assessment authority didn't
want to create unfair benefits
(Qhrough averaging) for property
owners whose properties have
undergone physical change or
rezoning.

Blencoe said that West Van-
couver is the only municipality
that has taken issue with the idea

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of averaging land assessrients,

Averaging will sot solve the
taxation inequities in West Van-
couver when compared with other
municipalities, Sager argued.

“Tf we have a 20% increase
(across the municipality) in
assessment over the previous year,
no matter how you average it,
we're still paying more for schools
and GVRD (Greater Vancouver
Regional District) services.”

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