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DNV explains its property taxes

WITH property tax payments due, the District of North Vancouver added some tips and tools to its website. District residents wondering if their home assessments are out of line can compare their assessment with the district average on the site.

WITH property tax payments due, the District of North Vancouver added some tips and tools to its website.

District residents wondering if their home assessments are out of line can compare their assessment with the district average on the site. The function also breaks down how much property owners are paying for utilities, schools and agencies including TransLink and Metro Vancouver.

Property taxes in the district rose 2.5 per cent this year, with one per cent earmarked for police services, one per cent slated for infrastructure, and the remainder for district services.

The district's budget requires $84.5 million be levied from property owners this year.

Anyone who missed the July 2 property tax deadline will pay a five per cent premium come September. Credit card payments are not accepted.

The district's website also features tips for taxpayers looking for homeowner grants.

Homeowners with a low income level and a home with an assessed value of more than $1,295,000 may be eligible for a supplemental grant.

Home values were determined by BC Assessment last July. Municipalities have no control over the assessments.

More information is available at dnv.org/ article.asp?c=291.