Youbou property owner Floyd Augustine has seen the value of his waterfront property reduced from $2,136,000 to $1,500,000, resulting in a $3,200 tax refund, after a successful appeal of BC Assessment’s valuation of his property in 2023.
In all, the independent Property Assessment Appeal Board has directed BC Assessment to apply a $10.5 million reduction in property assessments made in 2023 for a group of residents, including the 86-year-old Augustine, from the Cowichan Lake area.
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