KAMLOOPS — Annual property assessment notices are in the mail, but according to the BC Assessment Authority, most of them shouldn't be too surprising to Kamloops-area homeowners.
Deputy Assessor Graham Held says most property value changes as of July 1, 2015, were either up or down by less than 15 per cent.
Within Kamloops, the area that saw the biggest average value jump was Juniper Ridge, up about 5 per cent, while South Sahali and Barnhartvale both saw average values decreasing slightly.
Overall, Held says the numbers show a strong local economy "If you're looking at real estate values as one potential measure for the health of the economy, then I'd say that what the values are telling us is that the region still has a very healthy economy, that it is still very vibrant."
Held adds the BC Assessment Authority's website has been enhanced to make it more user-friendly, and homeowners can find plenty of neighbourhood information online.
Overall, the Thompson area’s total assessments increased from $23.59 billion in 2015 to $24.14 billion this year.
A total of almost $308 million of the Thompson area’s updated assessments is from new construction, subdivisions and rezoning of properties. The Thompson portion of BC Assessment’s Thompson Okanagan region includes the City of Kamloops, District of Barriere, District of Clearwater, City of Merritt, Village of Ashcroft, Village of Cache Creek, Village of Chase, Village of Clinton, Village of Lytton, District of Logan Lake, Sun Peaks Mountain Resort Municipality and the rural areas surrounding these communities.
The deadline to appeal your property assessment is February 1, 2016.
Kamloops Multicultural Society President 'shocked' over Quebec face-cover ban
KAMLOOPS — The President of Kamloops Multicultural Society says he was shocked by Quebec's decision...
READ MORE +
Man killed on Highway 97 near West Kelowna
KELOWNA, B.C. — A Kelowna man is dead after being struck by a vehicle on Highway 97. According to...
READ MORE +
'Makes it more extreme:' Prof says climate change added to historic fire season
CALGARY — Climate change didn't directly cause major wildfires in Alberta and British Columbia...
READ MORE +
Join the Discussion
We are happy to provide a forum for commenting and discussion. Please respect and abide by the house rules: Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards. See full commenting rules.