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1895 - 2015
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DECEMBER 18, 2015 Vol. 120, $ 05 Issue 198
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More than 200 seniors and community representatives gathered for an afternoon of great food and music during the Beaver Valley Age Friendly Christmas lunch held Tuesday in the Fruitvale Memorial Hall. Fruitvale Mayor Patricia Cecchini (above), community volunteers, staff and officers from the Greater Trail RCMP, served up caesar salad, chicken cordon bleu and all the fixings alongside Village of Fruitvale staff and council members. 8045 Old Waneta Rd, Trail
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Reassessments on BC Housing properties has local impact
out lowering property values on BC Housing facilities is one more way the province is saving money on the It’s never fun when the tax man backs of B.C. taxpayers. comes calling. And it’s particularly “At no point have senior levels jarring in December when instead of government really looked at or of a Christmas card, it’s a tax bill in provided local government or muCOLD the mail. nicipalities with any other avenues by That’s what happened in Trail fol- which to increase revenue generation lowing property value reassessments apart from property taxes,” Martin of two apartment complexes, one said. “So we are faced with either BUDWEISER downtown and the other in East Trail. cutting services to make up for that Now the city owes $8,864 back to shortfall or increasing taxes to other If you’ve been searching for we’ve been for you. the more, government sincewaiting the buildings at the award winning rate payers.” were reassessed at the request of BC Columbia River Hotel He’s also disappointed with the timTrail Housing. ing of the news from BC Assessment’s Open 9am -11pm daily Trail Mayor MP_adO3_Layout 1 13-10-04 6:20 AM Page 1 Mike Martin points Kootenay Columbia Region. SHERI REGNIER
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“We operate a balanced budget based on all the information we had going into 2015,” he explained. “Then get this late notification that we now owe BC Housing $8,800,” he added. “And this is not just retroactive for 2015, it will affect revenue going forward because assessment rolls don’t usually change once fixed in place.” And it’s not just the city impacted by lower re-assessed values. The Regional District of Kootenay Boundary was hit with a $5,900 bill; the school district $6,200 and the regional hospital board, $615, following the reduction in value of the two Trail buildings.
“So it manifests itself in many other ways,” Martin told the Trail Times. “We are talking about it from a Trail perspective but the regional district and school will be faced with exactly the same situation - they will also have to find way to deal with this lower tax revenue. The impact is broader than Trail - it’s provincewide.” There were approximately 500 properties owned or operated by BC Housing that under went review this year, confirmed Ranaish Shah from Kootenay Columbia’s Nelson-based offices. CONTINUED ON A3
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