Assessments down in most areas.

2011 assessments are down in Ashcroft, Cache Creek, Clinton and Logan Lake. Lytton's assessment rose.

Owners of more than 5,900 properties throughout the South Cariboo and Gold Trail area and over 1,300 properties throughout the District of Logan Lake can expect to receive their 2012 assessment notices in the next few days.

“Most homes in this region are worth less in value compared to last year’s assessment roll,” said Graham Held, Deputy Assessor. “Most home owners in this region will see modest decreases in the -10 to 0 per cent range. However, values in Lytton are up slightly, in the 0 to +10 per cent range.”

Ashcroft’s assessment roll decreased from $182 million last year to $180 million this year. Cache Creek’s assessment roll decreased from $103 million last year to $100 million this year.  Clinton’s assessment roll decreased from $70 million last year to $67 million this year. Lytton’s assessment roll increased from $36.4 million last year to $37.3 million this year.

Most Logan Lake homeowners will see changes in the -10 to 0 per cent range.”

Overall, Logan Lake’s assessment roll decreased from $349 million last year to $341 million this year. Just over $5.4 million was added to the 2012 roll total in the form of new construction.

In BC, the total number of properties on the 2012 roll is 1,917,394, a 0.75 per cent increase from 2011.

The total value of BC real estate on the 2012 roll is $1,106,710,671,771, a 6.42 per cent increase from 2011.

“Property owners who feel that their property assessment does not reflect market value as of July 1, 2011 or see incorrect information on their notice should contact our office as indicated on their notice as soon as possible in January,” said Held.

If a property owner is still concerned about their assessment after speaking to one of our appraisers, they may submit a Notice of Complaint (Appeal) by Jan. 31, for an independent review by a Property Assessment Review Panel.

The Property Assessment Review Panels, independent of BC Assessment, are appointed annually by the Ministry of Community, Sport and Cultural Development, and meet between Feb. 1 and March 15 to hear formal complaints.

The Kamloops assessment office is located at 805 Renfrew Ave. in Kamloops. During the month of January, office hours are 8:30 am to 5 pm, Monday to Friday. The telephone number is 250-376-6281 or toll free at 1 800 806-6788.

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