BC Assessment issued approximately 50 local area news releases on Thursday, January 2, 2014 with highlights of property assessment changes in local communities.
Assessment rates for Keremeos residents are down this year, from $241,000 in 2013 to $225,000 for 2014.
Princeton residents will see their assessment rate drop from $214,000 in 2013 to $204,000 in 2014.
“Most homes in the South Okanagan are remaining stable in value compared to last year’s assessment roll,” said Tracy Wall, Deputy Assessor for BC Assessment Okanagan. “Most home owners in the South Okanagan will see modest changes in the plus five per cent to minus five per cent range.”
Overall, the South Okanagan’s Assessment Roll decreased from $19,636, 475,825 last year to $19,516,491,502 this year. The 2014 assessment roll includes $217,229,016 for subdivisions, rezoning and new construction
All news releases, as well as statistics and general information about the 2014 Assessment Roll, was be posted on www.bcassessment.ca on January 2.
Of note, BC Assessment’s website listed the Top Valued Properties for all of British Columbia as well as by regional breakdown.
Nearly two million property owners will receive their 2014 property assessment notice by mail in early January.
Starting in January, the public can use the free e-valueBC search tool on BC Assessment’s website to compare their property assessment to others.