(UPDATE) Board rules one of three Dawson Creek properties overvalued by more than a third

Updated, December 3rd, 11:35 a.m.: This story was corrected to amend an error in the value of Subject II, which is $242,700.

DAWSON CREEK, B.C. — A Dawson Creek property was overvalued by more than a third, a board has decided. 

The Property Assessment Appeal Board reduced the assessment on a Dawson Creek residential property by 37 per cent, but Panel Chair Philip Yang confirmed in an October 17th decision that the values for two other properties owned by David McConnell will remain as-is. 

Yang agreed with McConnell that the 1959-built, 580-square foot single-family home on a 6,000 square foot 100th Avenue lot was overvalued at $79,600. McConnell described it as being in poor condition. 

Yang concluded that evidence supported a reduction in value for this property, Subject I, but not for the other two. 

Subject II is a $242,700-assessed, 1952-built home of 1,180 square feet on a 12,000 square foot corner property on 105th Avenue.

Subject III is an 870-square-foot home on 98th Avenue in average condition built in 1945 on a 6,000 square foot lot assessed at $142,800

A fourth property was in dispute, but the parties agreed after a June teleconference to reduce its assessment, leaving three in question. 

Yang said he allocated the reduction in value on Subject I equally between land and improvements.