News

Assessment of area property values changes little in 2014

Property owners in Nakusp will see minimal changes in their assessments this year, but those in Silverton and Upper Slocan might notice a difference.                - Claire Paradis/Arrow Lakes News
Property owners in Nakusp will see minimal changes in their assessments this year, but those in Silverton and Upper Slocan might notice a difference.
— image credit: Claire Paradis/Arrow Lakes News

With the new year come annual property assessments, and area residents won’t be seeing much of a change unless they live in Silverton or rural Upper Slocan.

In Nakusp, the overall assessment roll decreased from $234 million in 2013 to $232 this year. New Denver’s essentially remained steady at $89.4 million, Silverton’s assessment roll saw an increase from $44.7 million to $46.9 million, and the surrounding  rural area remained the same at $1 billion. In these areas, nearly $13 million of assessed value was attributable to subdivisions, rezoning and new construction.

Owners of commercial and industrial properties in Nakusp, New Denver and Silverton will see changes between plus or minus five per cent this year.

“Property owners who feel that their property assessment does not reflect market value as of July 1, 2013 or see incorrect information on their notice should contact BC Assessment as indicated on their notice as soon as possible in January,” said Hickson.

“If a property owner is still concerned about their assessment after speaking to one of our staff, they may submit a Notice of Complaint (Appeal) by January 31, for an independent review by a Property Assessment Review Panel,” added Hickson.

The Property Assessment Review Panels, independent of BC Assessment, are appointed annually by the Ministry of Community, Sport and Cultural Development, and meet between February 1 and March 15 to hear formal complaints.

 

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

Teacher strike cheques in the mail
 
Forest faces off with toad populations in Summit Lake
 
Fund set up for deceased man’s family
Thriller flash mob
 
Learning from an industry expert
 
Purple hats for purple crying
Cities target gaps in care for mentally ill
 
ELECTION 2014: The Education Equation or why you should pay attention to school trustee elections
 
RDCK cuts to reduce threat of wildfire

Community Events, October 2014

Add an Event

Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Oct 30 edition online now. Browse the archives.