Assessed Property Values Remain Stable for 2014

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Assessed Property Values Remain Stable for 2014

 

As 2014 marks BC Assessment’s 40th anniversary, owners of more than 83,000 properties throughout the Central Okanagan and 71,000 properties throughout the North Okanagan and Shuswap can expect to receive their 2014 assessment notices in the next few days.

“Most homes in the Central Okanagan, North Okanagan and Shuswap are remaining stable in value compared to last year’s assessment roll,” said Tracy Wall, Deputy Assessor. “Most home owners in these areas will see modest changes in the + 5% to -5% range.”

CENTRAL OKANAGAN: Overall, the Central Okanagan’s Assessment Roll decreased from $40,476,166,781 last year to $40,473,253,289 this year. The 2014 assessment roll includes $576,999,125 for subdivisions, rezoning and new construction. Clickhere for media release.

NORTH OKANAGAN/SHUSWAP: Overall, the North Okanagan’s Assessment Roll decreased from $26,560,852,199 last year to $26,221,360,408 this year. The 2014 assessment roll includes $286,676,563 for subdivisions, rezoning and new construction. Clickhere for media release.

COMMERCIAL: In addition, owners of commercial and industrial properties in the Central Okanagan will see changes ranging from +10 to -5%, and properties in the North Okanagan and Shuswap will see changes ranging from +10 to -10%.

MORE INFO: Both releases include backgrounders and examples demonstrating local market trends for residential properties by a geographic area and note that trends are affected by many variables.  

Visit www.bcassessment.ca for more information about the 2014 Assessment Roll including lists of 2014’s top 100 most valuable residential properties across the province.

 

Best Regards,

 

Lisa Butler | Professional Real Estate Agent

CENTURION® Producer 2013

 

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