Local property values hold their ground

Residential properties in the Gold Trail area hold steady on either side of the zero mark.

  • Jan. 9, 2013 5:00 a.m.

Owners of more than 5,900 properties throughout the South Cariboo and Gold Trail area can expect to receive their 2013 assessment notices in the next few days.

“Values of most homes in region are remaining stable compared to last year’s assessment roll,” said Graham Held, Deputy Assessor. “Most home owners in this region will see modest changes in the -5 to + 5 per cent range.”

Ashcroft’s assessment roll remained stable at $180 million. Cache Creek’s assessment roll increased from $100 million to $101 million. Clinton’s assessment roll remained stable at $67 million. Lytton’s assessment roll increased slightly from $37.3 million to $37.8 million.

Commercial and Industrial property assessments in Ashcroft declined slightly, on average, by 0.14 per cent; increased in Cache Creek, on average, by 3.84 per cent; increased slightly in Clinton, on average, by 0.55 per cent; and increased in Lytton, on average, by 1.07 per cent.

Owners of more than 1,300 properties throughout Logan Lake will noticed that the values of most homes in Logan Lake are remaining stable compared to last year’s assessment roll. Most home owners will see most changes in the -5 to +10 per cent range.

Commercial and Industrial property assessments in Logan Lake increased, on average, by 5.21 per cent.

Overall, the Logan Lake Assessment Roll increased from $341 million last year to $349 million this year. Almost $7.48 million was added to the 2013 roll in the form of new subdivisions, rezoning and new construction.

Owners of more than 1,400 properties throughout Lillooet can expect to see a slight drop in home value  this year compared to last year’s assessment roll. Most homeowners in Lillooet will see modest changes in the -10 to +5 per cent range.

Commercial and Industrial property assessments in Lillooet increased, on average, by 9.11 per cent.

Overall, the Lillooet Assessment Roll decreased from $310 million last year to $306 million this year. Almost $1 million was added to this year’s roll as new subdivisions, rezoning and new construction.

“Property owners who feel that their property assessment does not reflect market value as of July 1, 2012 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,” added Held.

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 a.m. to 5 p.m., Monday to Friday. Property owners can contact BC Assessment toll-free at 1-866-valueBC (1-866-825-8322) or via www.bcassessment.ca

Visit www.bcassessment.ca for more information about the 2013 Assessment Roll including lists of 2013’s top most valuable residential properties across the province. Special for 2013, property owners can also visit the website for an online customer service survey, available until Jan. 31.


Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Clinton RCMP seek assistance in Canoe Creek hit and run

A pedestrian was sent to hospital with serious injuries after vehicle failed to stop

A second wave of COVID-19 is probable, if history tells us anything

B.C.’s top doctor says that what health officials have learned this round will guide response in future

Hungry hawk versus reluctant rattler showdown caught on camera

Not the first time photographer was in right place at right time to document an unusual encounter

Evacuation Alert issued for properties in Cache Creek

Low-lying properties adjacent to Bonaparte River, and east of Collins Road, affected

Cache Creek council plans live stream budget meeting for May 21

News from Cache Creek council’s May 11 meeting

LIVE: Procession to honour Snowbirds Capt. Jennifer Casey comes to Halifax

Snowbirds service member died in a crash in Kamloops one week ago

RCMP facing ‘systemic sustainability challenges’ due to provincial policing role

Provinces, territories and municipalities pay anywhere from 70 to 90 per cent of the cost of the RCMP’s services

One man dead after standoff with Chilliwack RCMP

The Independent Investigations Office of B.C. is investigating the RCMP’s role in the death

B.C. employers worry about safety, cash flow, second wave in COVID-19 restart

A survey found 75 per cent of businesses worry about attracting customers

Ex-BC Greens leader Andrew Weaver says province came close to early election

Disagreement centred on the LNG Canada project in northern B.C.

Canada’s NHL teams offer options to season-ticket holders

Canadian teams are offering refunds, but also are pushing a number of incentives to let them keep the money

B.C. premier says lessons to learn from past racism during response to pandemic

B.C. formally apologized in the legislature chamber in 2008 for its role in the Komagata Maru tragedy

Snowbirds to remain at Kamloops Airport indefinitely after fatal crash

small contingent of the Snowbirds team is staying in Kamloops, acting as stewards of the jets

Oak Bay man stumbles upon eagle hunting seal, grabs camera just in time

The eagle did ‘a perfect butterfly stroke to shore’ with its prey, photographer says

Most Read