Area property assessments show modest changes for homeowners

Area property assessments show modest changes for homeowners

Owners of more than 4,000 properties throughout the North Thompson region can expect to receive their 2012 assessment notices in the next few days.

“Most homes in this region are worth about the same compared to last year’s assessment roll,” said Graham Held, Deputy Assessor. “Most home owners in this region will see modest changes in the -10 per cent to +5 per cent range.”

Barriere’s assessment roll decreased from $201.7 million last year to $199 million this year. Clearwater’s assessment roll decreased from $325.5 million last year to $320 million this year.  Sun Peaks assessment roll decreased from $574 million last year to $531 million this year.

In comparison the City of Kamloops assessment roll increased from $13.66 billion last year to $13.68 billion this year; while the   Valemount and McBride assessment roll decreased from $187 million last year to $172 million this year.

“Property owners who feel that their property assessment does not reflect market value as of July 1, 2011 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 January 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 February 1 and March 15 to hear formal complaints.

The Kamloops assessment office is located at 805 Renfrew Avenue in Kamloops. During the month of January, office hours are 8:30 a.m. to 5:00 p.m., Monday to Friday. The telephone number is 250-376-6281 or toll free at 1 800 806-6788.

For more information, go to www.bcassessment.ca.

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