“Many homes in the Peace River Assessment Area are worth more in value compared to last year’s assessment roll,” he says. “Most home owners will see changes in the minus five per cent to plus 15 per cent range.”
B.C. Assessment estimates almost $575 million of this region’s growth came from new subdivisions, rezoning and new construction.
In the Peace Region, FortSt. John still tops the list, with the average assessed value for a single family residential property increasing from $320,000 to $348,000, an 8.8 per cent gain. The next highest average value goes to properties in the general Peace River Assessment Area, which increased an 6.8 per cent from $278,000 to $297,000.
Taylor’s average assessment went up 2.5 per cent from $280,000 to $287,000, which is almost an identical increase to Chetwynd, where the average assessment for homes went up 2.6 per cent to $234,000 from $228,000. Although they received the lowest increase, properties in the Northern Rockies Regional Municipality are among the most costly, with an average assessment of $282,000, up 0.4 per cent from $281,000 in 2013.
The City of Dawson Creek also saw a large 6.6 per cent increase this year, from an average of $243,000 to $259,000, while Tumbler Ridge moved up 3.4 per cent to $246,000 from $238,000. Although it saw the largest gain this year of 9.2 per cent, Hudson’s Hope properties remain at the lowest values in the Peace Region at $189,000, up from $173,000 last year. Pouce Coupe properties also moved up 9.2 per cent jumping over the $200,000 mark to $213,000 from $195,000 in 2013.
If property owners feel their assessment does not properly reflect market value as of July 1, 2013, they are urged to contact B.C. Assessment’s office, located in Dawson Creek at 1112-103rd Avenue, or by phone at 1-866-valueBC or www.bcassessment.ca.
“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 January 31, for an independent review by a Property Assessment Review Panel,” explains Spatharakis.
The owners of the nearly 69,000 properties in the Peace Region should be receiving their assessments in the next few days.