APPEAL DECISION RESERVED

By CHRIS LLOYD

THE AGONIZING will. go on a_ while longer for North Vancouver _— District municipality and its homeowners over whether they will get any kind of assessments break this year.

Assessor Harry Jones got his rematch = against the Distnct Monday, fighting to have actual values held at the figures he had previously declared, but the assessments appeal board reserved its decision.

Jones was appealing an carher decision by the court of revision which had lowered all his assessments placed on Distnct homes by 1S per cent’) The across the board reducthons had been

requested by the municipality which maintained (he assessments were out of tne with

dec lining realty sales prices

About 100 homeowners Monday's appeal in the Centennial Theatre and voiced their anger over the assessment authority's at- tempt to invalidate the cutback which would have the effect of lowering thetr school taxes.

This time Jones, whose failure to hide his anger had raised cyebrows at the court of revision hearing. left at to Deputy Assessor Calvin Smyth to present the assessment authority's case.

District's original ap- plicanon had been for all its residential assessments to be rolled back to the previous

District attended

years figures because it maintained there were so many instances of 1982

figures being over assessed. Jones had countered that the cxamples District had given of homes selling at less than their assessment values were due to them being stnetly paper transactions tn

divorcee cases and busimess deals rather than bona fiida sales

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District awaits final assessments verdict

The court or revision had attempted a I5 per cent reduction as a compromise, which failed to satisfy the assessment authority.

Smyth Maintained Monday that the authority's mean assessment value was about 94 per cent of the market value. Though he conceded there were examples of highs and lows in the assessments, he in- sisted the highs were only moderate. The assessment authonty considers such instances should have been dealth with by individual appeal.

Disunct staff stressed that the decline in real estate prices is continuing and that there was no justification to change the rollback already awarded

A3 - Wednesday, April 28, 1982 - North Shore News

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ALSO INSIDE

Succulent stew PAGE C5

the road PAGE B10

winners PAGE BI

Roll out the green PAGE B2

Wheat e Gating On