2013 Property Tax Assessments Remain Stable

More than 150,000 property owners throughout the Central Okanagan, and North Okanagan-Shuswap regions can expect to receive their 2013 assessment notices in the next few days.

Most homes in the Okanagan-Mainline region are remaining stable in value compared to last year's assessment roll. Home owners in the North Okanagan and Shuswap can expect modest changes in the 0% to -5% range, while commercial and industrial properties will see changes ranging from +5% to -5%. Most homes and commercial/industrial properties in the Central Okanagan can expect changes ranging from -5% to +5%.  Overall, the assessment roll decreased from $27,387,550,091 last year to $26,391,682,576 this year -- including $354,569,677 for subdivisions, rezoning and new construction. Please note that the North Okanagan Assessment region includes the Shuswap and Revelstoke.

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