TUESDAY, January 7, 2014 ❖ A5
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LOCAL NEWS
Not much change in assessed value of homes By Andrea Klassen STAFF REPORTER andrea@kamloopsthisweek.com
Most Kamloopsarea homeowners won’t see major changes in the values of their homes when BC Assessment letters hit mailboxes. Graham Held, deputy assessor for the region, said most properties will see their value increase or decrease by no more than five per cent from last year’s number. That’s considered a stable fluctuation, Held said, and is in line with what the city experienced last year. It’s well below the fluctuations in the northwest area of the province, where homeowners, particularly those in the Kitimat area, can expect to see
values jump by 25 per cent or more. “What was interesting is we actually saw sales volume increase in the City of Kamloops,” Held said. “The last time I checked, it was a seven per cent increase in sales and it’ll probably end up being higher than that because we’re still getting some fourthquarter sales that are trickling in,” he said. “That was interesting because it does speak to the strength of the economy here and in the region.” Held said that’s not the only sign of economic strength BC Assessment is seeing in the city. Construction value — which is based on actual construction rather than building
permits — while down overall, was up for residential properties. The city added $141 million in new residential construction to its assessment roll, which rose overall to $14.1 billion from $13.88 billion. The Westmount and Batchelor Heights areas saw the biggest jump in average valuation this year. The average home in the neighbourhood is assessed at $354,340 — $9,248 over last year. Valleyview was a close second, with the assessed value of an average home in the neighbourhood rising by $9,165. Valleyview also had the highest average assessed home value, at $479,584. Homeowners
THE TOP 100 VALUED PROPERTIES
who want to appeal their assessment have until Jan. 31 to submit a notice of complaint either at BC Assessment’s Kamloops office at 805 Renfrew Ave., by calling 1-866825-8322 or online at bcassessment.ca.
Horse Dr. in Juniper Ridge ($1.61 million), 850 Lorne St. in the downtown core ($1.61 million) and 6352 Meadowland Cresc. S. in Barnhartvale ($1.58 million). None of the region’s homes made Activ
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The province’s most expensive home, located at 3085 Point Grey Rd. in Vancouver’s Kitsilano neighbourhood and owned by Lululemon founder Chip Wilson, is assessed at $54 million.
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THE PRICIEST HOMES . . . Sun Peaks once again dominates the top of the tax roll in the Kamloops region, with eight of the 10 highest-valued properties in the ThompsonCariboo located in the ski resort. In the City of Kamloops, a home in Aberdeen stands atop the residential mountain, with properties in Juniper Ridge, downtown, Barnhartvale and Valleyview also showing up high on the BC Assessment tax roll. The highestassessed property in the Thompson-Cariboo region, at $3.54 million, is at 4141 Douglas Ct. in Sun Peaks. That is followed by other homes in the village — 4250 Bella Vista Dr. ($2.71 million), 4137 Douglas Ct. ($2.61 million), 4117 Sundance Ct. ($2.31 million) and 4127 Sundance Dr. ($2.17 million). Douglas Court appears in the top 10 three times. In the City of Kamloops, the home at 1490 Westerdale Dr. in Aberdeen is valued at $1.83 million, making it the highest-assessed residential property in the city. Right behind the Westerdale address are 1300 Finlay Ave. in Juniper Ridge ($1.63 million), 3080 Kicking
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B.C. Assessment’s list of the top 500 most valuable properties in the province, however. The least-valuable home on that list — 3150 Travers Ave. in West Vancouver — is still worth almost $7.5 million.
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