BC ASSESSMENTS were released earlier this month and they have the town buzzing! With many properties seeing a substantial increase in value over the past year, we are fielding a lot of questions about the increase in taxes and what this means for your equity. We have reached out to many of you via text and just in case we haven’t managed to connect with you we’ve put together this list of 5 options for utilizing the extra equity in your home :
1. Start a business. Do you have an idea or a dream for a business that you could use funds for?
2. Buy another property. Have you been thinking about an investment property or a slice of real estate in another area?
3. Home renovation. How long have you been waiting to spruce up a bathroom or kitchen?
4. Stocks. Looking to begin or diversify your portfolio?
5. Toys! In the Sea to Sky there can be so many useful and fun toys to own. What have you been fantasizing about?
If you have questions about the equity in your home – how to calculate it or who to speak to, if you think you’ve been over assessed or if you have any questions at all, let us know.
We’re happy to check the real market value vs assessed value for you. And if you have been over assessed, you can appeal it to reduce your taxes.
Click this link to see your assessment.