B.C. property values remain stable for 2015

Home owners in the North Thompson will see changes in the -5% to +10% range

KAMLOOPS – Owners of more than 3,500 properties throughout the North Thompson can expect to receive their 2015 assessment notices in the next few days.

“Most homes in the North Thompson are remaining stable in value compared to last year’s Assessment Roll,” said Held. “Most home owners in the North Thompson will see changes in the -5% to +10% range.”

Overall, the Barriere Assessment Roll increased from $193 million last year to over $199 million this year. Clearwater’s Assessment Roll increased from $334 million last year to over $341 million this year.

“Property owners who feel that their property assessment does not reflect market value as of July 1, 2014, or see incorrect information on their notice, should contact BC Assessment 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 February 2, 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 typically 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. Property owners can contact BC Assessment toll-free at 1-866-valueBC (1-866-825-8322) or online by clicking “CONNECT” at www.bcassessment.ca.

Visit www.bcassessment.ca for more information about the 2015 Assessment Roll including lists of 2015’s top 100 most valuable residential properties across the province.

Of note, BC Assessment has launched a newly-enhanced version of its free e-valueBC service that allows the general public to search, check and compare properties online from across the province. Improved navigation, an interactive map and inclusion of property street-front imagery are among the new features. Also new for 2015, BC Assessment has updated its Customer Service Standards which include commitments to be open and transparent, fair and accurate, timely and accessible, knowledgeable and respectful, and innovative and collaborative.

“Our service commitments and standards clearly indicate the level of service that you can expect from BC Assessment and ensure we focus on customer needs as we continue to deliver excellent service,” said Held.

Follow BC Assessment on Twitter, YouTube, Facebook, and LinkedIn.  For more information on the 2015 assessment roll and regional and province-wide real estate market trends, please visit www.bcassessment.ca and click on the 2015 assessment roll information link.