West Vancouver, like almost every municipality in Canada, has ageing infrastructure requiring a long-term plan and financial resources to repair, maintain and replace it. This includes everything from community centres and the Seawalk to park benches and sewer lines.
In 2016, the District took a critical first step to addressing this issue when Council passed an asset management levy and created an asset reserve.
In subsequent years, the District has further built the asset reserve while continuing to provide you with municipal services of the highest quality.
2017 Assessments for residential properties in West Vancouver increased by an average of 33%.
Assessment increases do not produce the overall increase in municipal taxes. If there is no tax rate increase approved by Council, then the municipality collects the same amount in property taxes overall as in the previous year.
Assessment increases do cause property taxes to shift, that is, to move off of some properties and on to others. The change in individual property assessments relative to the average will determine whether individual property owners pay more, less, or the same amount of tax as in the previous year.
If an individual property assessment changes by the average assessment change of 33% — individual property tax will not be impacted by the assessment change
If an individual property assessment changes by less than the average assessment change of 33% — the change in assessment will cause taxes to shift off of the property, likely resulting in a decrease in taxes from the prior year.
If an individual property assessment changes by more than the average assessment change of 33% — the change in assessment will cause taxes to shift on to the property, likely resulting in an increase in taxes from the prior year.
The link below navigates to a GIS map which illustrates the assessment changes for West Vancouver residential properties. Hovering over a specific property will show the percentage change in assessment from the previous year.