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Page 8 â€" Waterioo Chronicle, Wednesday, December 11, 1974 Optimists honor local volunteers Young adults of the community were honoured for their outstanding volâ€" unteer work by the Kâ€"W Optimist Club at their anâ€" nual â€" youth _ appreciation meeting on December 3 at the Transylvania Club. Members of the Ninth Brownie Pack, Waterloo presented a play and singâ€"song to students of the New Dawn School last Wednesday as one of their Christmasâ€"projects. Packs from across the city are preâ€" senting various programs to the community in keeping with the spirit of the season. WESTMOUNT PLACE SHOPPING CENTRE COA 259 boninie togS As usual. . exchange or Refund within 5 days JUNIOR JUNIOR BAZAAZ and WATERLOO SQUARE Open Daily Until 9 Til Christmas / i Children‘s Glee... i a . underneath the «* Christmas Tree 1/2 PRICE SECTION See Our Honoured guests for the evening â€" included _ Lorne Daley and John McHugh. both of Waterloo. Although ‘Mr. Daley has been blind since age 18. he has worked as a volunteer leader for disabled chilâ€" Put your small fry or Santa‘s ~best dressed list Kids love gifts like these. . . 110 dren‘s _ therapeutic _ proâ€" grams. He is presently a student in UW‘s recreation department. Mr. McHugh has been a core leader at the Waterloo Family Y for three years now, and spent this past See our â€" large Girls _ & _ Boys 25% selection of summer _ teaching _ boatâ€" ing at the Optimist camp in Bemberg. He has recently been hired by the Family Y to teach junior leaders in the core program. * Our mistake C A ‘ ditterence â€" Westmount Place Shopping Centre Christmas hours: daily 9:30 to 9:30 Saturdays 9:30 to 6:00 With every fabric purchase (except sale items) or gift certificate purchase of $20.00 or more. Preâ€"Christmas Sale Clearance! Obnc BoanCOsy "‘for quality fabrics . . . with a difference‘"‘ EVENING SHAWL > for $1 0°° | Woollens and Select Evening Wear Fabrics *A 12.95 Wrapâ€"around As aâ€"result, all property owners and business tenâ€" ants will receive their notice, to be followed up by a tax bill in the new year. Apartâ€" ment tenants receive a notice, which determines the value of the space they occupy. The actual taxaâ€" tion bill goes to the owner of .the property, who pays it directly. e province who owns, rents, or leases property will receive an assessment notice in the mail this year. The notice, in effect tries to determine the cash value of the property, so a tax percentage can be calculatâ€" ed to determine the tax owâ€" ing for such items as school support and other municipal According to Jim Kehn of the regional assessment office, that‘s the reason why notices have gone out this year, whereas they haven‘t in the last few years when prices were stable. _ _ In the event of a dispute over the assessed value of the property there is an appeals court. But in many instances where an owner may question his determined property value, an official form the assessment office However, as a result of fluctuating market values in all areas of real estate, new assessments have had to be made to reflect curâ€" rent prices. However, apartment dwellers pay the taxes inâ€" directly, as it is reflected in the cost of their rent. § Assessment notices Property assessment has become a provincial responâ€" sibility only within the last few years. _ Before then individual municipalities determined their own asâ€" sessments. * By Paul Marck will go to the person and Every person throughout try to straighten out the However, _ calculating the value of a particular â€"property can be extremely difficult, according to Mr. matter. "It‘s assessed at varying ratios of market value and assessed level,"‘ he said. He pointed out that in many instances the appraised value is ‘"not assessed at full market value." Kehn said this is due mainly to the upâ€"andâ€"down trend the real estate business is curâ€" rently facing. Kehn said> each municiâ€" pality has its own percentâ€" age rate to determine taxes based on property values, but he wasn‘t sure what rate Waterloo uses. _ ‘"There‘s no indication of what the true percentage is," he said. He added that alâ€" though assessed values will echo the upward inflationâ€" ary swing, taxes shouldn‘t escalate, because the city mill rate would go down. really pin it down. . .prices are changing monthly. . . the only test is to compare it with neighboring proâ€" perties of the same type, he said. As well, a tearâ€"off sheet is provided on the assesgâ€" ment notice for people who have questions about their particular case. Property _ assessments: are required by law, but |i tices need not be sent o every year, as calculations are sometimes made on the previously appraised value. Home ‘improvements such as newly constructed garâ€" ages, rec rooms and swimâ€" ming pools all raise property values.