The Ministry of Municipal Affairs provides a range of tax, expense, revenue, population, and other statistics every year for local government jurisdictions across British Columbia. One spreadsheet provided each year shows the local government taxes that are charged on a "representative" house. The representative house value in each jurisdiction considers the assessed values of properties (land and buildings) as determined by BC Assessment, not the appraised value or sale price for houses that may appear in real estate listings. The BC Assessment values are also used, it should be noted, to determine how much property tax must be paid by each homeowner each year.
The $400,000 value selected for the study was based on the 2020 representative house values provided by the Ministry for municipalities in the Shuswap. (The Ministry's data are for municipalities only, not electoral areas.) In considering the appropriateness of this value, it may be useful to note the following points:
- the consultants have provided online sample tax notices for a $600,000 residential property, in addition to the $400,000 examples,
- CSRD data provided through the Regional District's budget process show that the average BC Assessment value for a home in Electoral Area C (whole area) was $411,000 in 2020, and is $428,000 in 2021,
- Ministry of Municipal Affairs value for a representative house in Salmon Arm was $405,000 in 2020 and is $422,000 in 2021 (values are much lower in Sicamous and other nearby municipalities).