Peace Region properties increase in value

"Most homes in the area are worth more in value compared to last year's assessment roll," he says. "Most home owners will see changes in the 0 per cent to plus 15 per cent range."

B.C. Assessment estimates over $775 million of this region's growth came from new subdivisions, rezoning and new construction.
 
In the Peace Region, Fort St. John still tops the list, with the average assessed value for a single family residential property increasing from $305,000 to $326,000, a 6.9 per cent gain.
 
The next highest average value goes to the Northern Rockies Region, which increased 5.5 per cent from $272,000 to $287,000.
 
Taylor's average assessment went up 13.8 per cent from $247,000 to $281,000.
 
The largest increase, of 19.5 per cent, goes to Tumbler Ridge, which saw its average value go from $200,000 last year to $239,000 this year.
 
That's almost identical to Dawson Creek, whose 2013 average assessment is $238,000, the smallest increase of 3.9 per cent from 2012's $229,000.
 
Chetwynd saw an increase of 5 per cent from $218,000 to $229,000 and Pouce Coupe experienced the second largest rise of 15.6 per cent, from $167,000 to #193,000.
 
Hudson's Hope properties remain at the lowest values in the Peace Region, with a 2013 average assessment of $175,000, up 8.7 per cent from $161,000 in 2012.
 
Overall, the average assessed value for single family residential properties in the Peace Region is $279,000, up 7.7 per cent from $259,000.
 
If property owners feel their assessment does not properly reflect market value as of July 1, 2012, they are urged to contact B.C. Assessment's office, located in Dawson Creek at 1112-103rd Avenue, or by phone at 1-866-valueBC or www.bcassessment.ca.
 
"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," says Spatharakis.

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About Erica Fisher 4010 Articles

Erica is a reporter for Moose FM and energeticcity.ca in Fort St. John, B.C. She grew up in Victoria, B.C. and received her Bachelor’s Degree in Journalism from Concordia University in Montreal, Quebec.