Kimberley property values set to rise 10 to 15% says BC Assessment

Kimberley property values set to rise 10 to 15% says BC Assessment

Property owners will receive notices early in January

On Dec, 31, 2018 homeowners across the province will receive their 2018 tax assessment from BC Assessment. The deadline to appeal is January 31, 2019.

BC Assessment is a provincial Crown corporation that classifies and values all real property in British Columbia. Each year, BC Assessment sends property owners a Property Assessment Notice telling them the fair market value of their property as of the uniform valuation date of July 1 in the prior year.

Rod Ravenstein, Assessor for the Kootenay-Columbia region, presented a preview of 2019’s assessment at a Regular Council Meeting on Monday, Dec. 10, 2018.

Revenstein says that markets are currently up, but there is also some growth. He adds that Kimberley is consistent with the market movement with other resort-focused communities.

“Property owners will receive their 2019 assessment notices in early January. The assessment will reflect the market value of their home as of July 1, 2018,” said Ravenstein. “Most property owners in Kimberley will see increases between 10 and 25 per cent.”

The average change for single family residential homes is between 10 and 25 per cent, while residential Strata homes typically see a change of five to 15 per cent, and commercial/industrial typically see a change of 10 to 15 per cent.

“Not every property goes up the same,” said Ravenstein. “Some will see less and some will see more; this is a typical increase.”

He says that if someone is in the process of building a home or renovating at the time the assessment is completed, that will also be reflected in their assessment.

“When we release the assessment roll we release very specific numbers,” Ravenstein said. “For those with a more significant change, we give them some advance notice. As of Friday (Dec. 7), we sent out approximately 50,000 advanced notices province-wide.”

He says that over 100 properties in Kimberley will receive advanced notice of their assessment, which should be arriving by mail this week.

Mayor Don McCormick asked if the advanced assessments will result in more challenges.

Ravenstein responded saying that market movement tends to generate inquiry, however they are not expecting 2019’s appeal rate to be significant.

Ravenstein encourages homeowners to familiarize themselves with the BC Assessment website (www.bcassessment.ca).

“With the assessment search [tool], you can see a street view photo of your home, compare your assessment to others on your street, and see sales in your neighbourhood,” he said.



corey.bullock@kimberleybulletin.com

Like us on Facebook and follow us on Twitter

Just Posted

A tent housing a mobile vaccination clinic. (Interior Health/Contributed)
Over 5K jabbed at Interior Health mobile COVID-19 vaccine clinics

The clinics have made stops in more than 40 communities since launching last week

Kimberley residents were treated to the first Farmers' Market of the season, and the feeling of a return to normalcy. Paul Rodgers photos.
WATCH: Kimberley’s first Farmers’ Market of the season

Kimberley residents enjoyed the first Farmers’ Market of the year on Thursday,… Continue reading

Provincial Health Officer Dr. Bonnie Henry talks about B.C.’s plan to restart the province during a press conference at Legislature in Victoria, Tuesday, May 25, 2021. THE CANADIAN PRESS/Chad Hipolito
Interior Health COVID-19 cases falling slower than the rest of B.C.

More than a third of provincial cases announced Thursday came from the Interior

Students at Creston Valley Secondary School put together an art installation of a replica residential school room. (Photo by Kelsey Yates)
Creston students create art installation of residential school room

The replica was decorated with a small bed, school uniform, and notes written with pleas for help

Marco Mendicino, Minister of Immigration, Refugees and Citizenship during a press conference in Ottawa on Thursday, May 13, 2021. THE CANADIAN PRESS/Sean Kilpatrick
Canada to welcome 45,000 refugees this year, says immigration minister

Canada plans to increase persons admitted from 23,500 to 45,000 and expedite permanent residency applications

FILE – Most lanes remain closed at the Peace Arch border crossing into the U.S. from Canada, where the shared border has been closed for nonessential travel in an effort to prevent the spread of the coronavirus, Thursday, May 7, 2020, in Blaine, Wash. The restrictions at the border took effect March 21, while allowing trade and other travel deemed essential to continue. (AP Photo/Elaine Thompson)
Feds to issue update on border measures for fully vaccinated Canadians, permanent residents

Border with U.S. to remain closed to most until at least July 21

A portion of the George Road wildfire burns near Lytton, B.C. in this Friday, June 18, 2021 handout photo. THE CANADIAN PRESS/HO, BC Wildfire Service *MANDATORY CREDIT*
Blaze near Lytton spread across steep terrain, says BC Wildfire Service

Fire began Wednesday and is suspected to be human-caused, but remains under investigation

Blair Lebsack, owner of RGE RD restaurant, poses for a portrait in the dining room, in Edmonton, Friday, June 18, 2021. Canadian restaurants are having to find ways to deal with the rising cost of food. THE CANADIAN PRESS/Jason Franson
Canadian restaurateurs grapple with rising food costs, menu prices expected to rise

Restaurants are a low margin industry, so there’s not a lot of room to work in additional costs

RCMP crest. (Black Press Media files)
Fort St. John man arrested after allegedly inviting sexual touching from children

Two children reported the incident to a trusted adult right away

Join Black Press Media and Do Some Good
Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Barbara Violo, pharmacist and owner of The Junction Chemist Pharmacy, draws up a dose behind vials of both Pfizer-BioNTech and Oxford-AstraZeneca COVID-19 vaccines on the counter, in Toronto, Friday, June 18, 2021. An independent vaccine tracker website founded by a University of Saskatchewan student says just over 20 per cent of eligible Canadians — those 12 years old and above — are now fully vaccinated. THE CANADIAN PRESS/Nathan Denette
At least 20% of eligible Canadians fully vaccinated, 75% with one dose: data

Earlier projections for reopening at this milestone didn’t include Delta variant

This undated file photo provided by Ernie Carswell & Partners shows the home featured in the opening and closing scenes of The Brady Bunch in Los Angeles. Do you know the occupation of Mike Brady, the father in this show about a blended family? (Anthony Barcelo/Ernie Carswell & Partners via AP, File)
QUIZ: A celebration of dad on Father’s Day

How much do you know about famous fathers?

Emily Steele holds up a collage of her son, 16-year-old Elijah-Iain Beauregard who was stabbed and killed in June 2019, outside of Kelowna Law Courts on June 18. (Aaron Hemens/Capital News)
Kelowna woman who fatally stabbed teen facing up to 1.5 years of jail time

Her jail sentence would be followed by an additional one to 1.5 years of supervision

Most Read