Hey modest homeowner, your BC Assessment is up 361%

(April 10, 2017 )

What a surprise lift in Assessed value this would be.   A shocking 361%.  No wonder the owners are fighting it.  
That being said, if there were to sell it they would likely be reaping the rewards of this community plan change.  What do you think about this? Do think it is fair to pay tax based on assessed value change such as in this article?  They certainly have done well on paper with potential sale price of their family home.  Love to hear your thoughts.