It seems that people believe that if their assessment has gone up 25% their property tax will go up 25%. There is no direct correlation. For example if the city's budget goes down then most taxes will go down. If the city budget stays the same most taxes will stay the same, except for individual variations due to individual circumstances. If the city's budget goes up then taxes will go up. The B.C. government favours the real estate industry because it is one that bring in easy money for the province, no need to work hard at creating new industries. Too bad about the working folks unable to find affordable housing.