Letter: Homeowners, hold onto your wallets

Dear Editor,

In light of plummeting detached home sales, and property prices falling, BC Assessment has decided why not try one last cash grab. Thirty to 50 per cent property tax value increases in GVRD? Have they lost their minds?

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I’ll tell you what, the government decided to implement the foreign buyers tax in September for a reason ­— to  collect 2017 revenues before the tax roles decreased after the foreign buyers tax kicked in.

If the BC liberals were so concerned about local residents, why was the foreign buyers tax not implemented on July 1?

Why was there no statement from BC Assessment indicating that tax values would be frozen to 2015 levels until the next sales assessment in 2017, to help current homeowners cope with ever increasing tax burdens

The (30-50 per cent) increase was a temporary spike, a blip on the graph, not to be exploited by a tax-hungry government.

The government elected by the people has done nothing but serve its own needs.

It’s time for a radical change in May 2017.

In the meantime, hold on to your wallets.

Rustom Dubash


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