Aldergrove Star
data provider: CONTENTdm
is part of: BC Historical Newspapers
contributor: Langmann, Rudy
issued: 2022-09-22
issued: 1980-08-13
aggregated CHO: https://open.library.ubc.ca/collections/alderstar/items/1.0420945/source.json
format: application/pdf
note: ■-. l..^.llI.J»»J...l|l..kaMPJ|»'MJ|l.'lJ^^C«!aSipB wmm iwi« v^m **tr^ mmmmf INFLATION, SPECULATION TAKE TOLL XeglslatltA3 library, ParXiawcatt B^ldings TM^rtorla.WlXif JANI tt 80 Property assessments up by 30% in 1981? Council, staff not whether they are sure coming or going MURRAYVILLE - Next year real property assessments in Langley district are expected to be up by somewhere between 20 and 30 percent. This prediction, handed to council here by area assessor Wayne Sommerfeldt this week, is said to be the outcome of a situation of development growth in the district coupled with an increase in land values brought about by speculators. Inflation, of course, also plays a part. Langley, and especially the northwestern community of Walnut Grove, is "one of the hardest assessment areas 1 have experienced in 26 years," Sommerfeldt told council. There is a lot of speculation in the area, he said, and a lot of sales transactions which twist the assessment values up. Sommerfeldt said a paper value of $40,000 an acre for five-acre lots was not uncom mon. Taxes were $3,000 a year and up. Sommerfeldt, who works out of the assessment authority's Clearbrook office, said he realized that many people could not afford to put away the $300 or more for property taxes every month. But where it came to pensioners, he said, they could take advantage of the provincial government's tax deferral system, whereby they won't have to pay the taxes until their property is sold or otherwise disposed of. Aid. Muriel Arnason said many of the oldtimers in the area whio saw their property values increase dramatically on paper could not afford to pay the huge tax bills. And in many cases they could not sell, she said, because the market was one of abnormally inflated values. "They can't pay," she said, "and the real estate people are not interested." Aid. Don MacTavish took the side of the small independent businessman. "You are squeezing the hell out of small business," he said, mentioning the case …
note: Title changes in chronological order: Aldergrove Herald (1957-10-16 to 1958-02-20), Aldergrove News (1958-02-27 to 1964-04-30), Central Fraser Valley Echo (1964-05-06 to 1964-12-23), Central Fraser Valley Star (1967-01-17 to 1969-02-05), and Aldergrove Star (1969-02-12 to 1991-12-31). Presented to the Alder Grove Heritage Society by Kurt Langmann and Family, July 1, 2021.
has type: Newspapers
spatial: Aldergrove (B.C.)
is shown at: 10.14288/1.0420945
language: English
lat: 49.0851
long: -122.4707
provider: Vancouver : University of British Columbia Library
publisher: Aldergrove : Central Fraser Valley Star Publishing Ltd.
rights: Images provided for research and reference use only. Permission to publish, copy, or otherwise use these images must be obtained from the Digitization Centre: http://digitize.library.ubc.ca/
source: Original Format: Alder Grove Heritage Society
type: Text