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

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Caprice and her students. Nicole Leclair photo.
Local artist Caprice Hogg unveils exhibit at at Centre 64 alongside her students

Caprice Hogg, a professional oil painter active in Kimberley for over 25… Continue reading

The Kimberley Dynamiters' next two exhibition games have been postponed due to an individual testing positive for COVID-19. Paul Rodgers file.
Member of Kimberley Dynamiters tests positive for COVID-19

Exhibition games in Fernie, Creston postponed

A naloxone kit. (Black Press Media file photo)
Interior Health issues drug alert for Cranbrook

Interior Health has issued a drug alert in the Cranbrook area for… Continue reading

Blue Sky Kingdom.
Kimberley’s Bruce Kirkby publishes “Blue Sky Kingdom” documenting family adventure to Zanskar

Bruce Kirkby, a prolific and world-reknowned adventurer, writer and photographer who calls… Continue reading

A Kimberley resident expresses her concerns and frustration regarding proper waste management and enforcement, resulting in unnecessary encounters with bears. File Photo.
Letter to the editor: Waste management and urban bears in Kimberley

October 29, 2020 I just want to start by saying we LOVE… Continue reading

Over the years, Janice Blackie-Goodine’s home in Summerland has featured elaborate Halloween displays and decorations each October. (File photo)
QUIZ: How much do you really know about Halloween?

Oct. 31 is a night of frights. How much do you know about Halloween customs and traditions?

FILE - In this Jan. 23, 1987 file photo, actor Sean Connery holds a rose in his hand as he talks about his new movie “The Name of the Rose” at a news conference in London. Scottish actor Sean Connery, considered by many to have been the best James Bond, has died aged 90, according to an announcement from his family. (AP Photo/Gerald Penny, File)
Actor Sean Connery, the ‘original’ James Bond, dies at 90

Oscar-winner was knighted by Queen Elizabeth II in 2000

This house at 414 Royal Ave. became notorious for its residents’ and visitors’ penchant for attracting police. It was also the site of a gruesome torture in August 2018. It was demolished in 2019. KTW
6-year sentence for Kamloops man who helped carve ‘rat’ into flesh of fellow gang member

Ricky Dennis was one of three men involved in the August 2018 attack

Cpl. Nathan Berze, media officer for the Mission RCMP, giving an update on the investigation at 11:30 a.m., Oct. 30. Patrick Penner photo.
VIDEO: Prisoner convicted of first-degree murder still at large from Mission Institution

When 10 p.m. count was conducted, staff discovered Roderick Muchikekwanape had disappeared

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Among the pumpkin carvings created this year by Rick Chong of Abbotsford is this tribute to fallen officer Cont. Allan Young.
Abbotsford pumpkin carver’s creations include fallen police officer

Rick Chong carves and displays 30 pumpkins every year

An online fundraising campaign in support of the six-year-old boy, Edgar Colby, who was hit by a car on Range Road Oct. 25 has raised more than $62,000 in a day. (Submitted)
$62K raised in 1 day for boy in coma at BC Children’s after being hit by vehicle in Yukon

The boy’s aunt says the family is “very grateful” for the support they’ve received from the community

Health care employees take extensive precautions when working with people infected or suspected of having COVID-19. THE CANADIAN PRESS/Chris Young
WorkSafeBC disallows majority of COVID-19 job injury claims

Health care, social services employees filing the most claims

Most Read