Property values increase an average of 18 per cent in Campbell River

Campbell Riverites living in the city can expect an 18 per cent increase on average of property values over 2016 and rural Campbell Riverites will see an average increase of 16 per cent.

The 2018 assessment notices were mailed out at the beginning of the month by BC Assessment and reflect the market value of the property as of July 1, 2017. You can also find them online.

On Vancouver island 369,000 properties were evaluated.

“The majority of residential home owners within the region can expect an increase in their assessment in the 10 per cent to 25 per cent range as compared to last year’s assessment,” said Tina Ireland, assessor, in a news release. “The market has remained strong across the island and across property types. The residential strata market has been particularly robust with assessments increasing 15 per cent to 35 per cent in many areas.”

In Campbell River the average property value increased from $303,000 to $356,000. The average property value in the surrounding area increased from $312,000 to $363,000, or 25 per cent.

On the Island, Ucluelet saw the biggest change in property value, up from $290,000 to $366,000 or 26 per cent. Not far behind was the District of Metchosin where the average property values increased from $574,000 to $716,000.

The Village of Zeballos was the only area on the Island that saw an average decrease in property value of four per cent, down from $89,000 to $85,000.

“Property owners can find a lot of information on our website including answers to many assessment-related questions, but those who feel that their property assessment does not reflect market value as of July 1, 2017 or see incorrect information on their notice, should contact BC Assessment as indicated on their notice as soon as possible in January,” said Ireland.

She added that it is important to understand that an increase in property value does not necessarily translate to an increase in property taxes.

“How your assessment changes relative to the average change in your community is what may affect your property taxes,” she explained.

Just Posted

Yukon man facing new attempted murder charge in Port Alice exploding mail case

Leon Nepper, 73, is now facing one charge each of aggravated assault and attempted murder

Campbell River’s Gibby Nik is all about making a connection

Local musician currently working on his second of three albums with Risque Disque Records

Green Party MLA urges support for proportional representation

Sonia Furstenau speaks in Campbell River at community forum

Risk of thunderstorm this afternoon for Vancouver Island and Lower Mainland

A special weather statement calls for heavy rain and wind over the next 48 hours

Local talent glad to be playing on home ice for Campbell River Storm

This year’s roster includes three players from Campbell River

Drag racing open house attracts 200-plus in Campbell River

Proponents still need to provide more information to the City

B.C. premier apologizes for removal of 1950s totem pole at Canada-U.S. border

First Nations say pole was raised at Peace Arch but removed to make way for tourism centre

Tornado touches down in Ottawa and Gatineau, Que.

Environment Canada says cars and homes have been damaged by severe thunderstorms and high wind gusts

An unexpected sight: Bear spotted eating another bear in central B.C.

Cheslatta Carrier Nation Chief finds bear eating another bear’s carcass

RCMP confirm death of missing BC teen Jessica Patrick

No details on cause were given. Case is under criminal investigation and police are asking for tips.

CUTENESS OVERLOAD: 2 sea otters hold hands at the Vancouver Aquarium

Holding hands is a common – and adorable – way for otters to stay safe in the water

B.C. teen with autism a talented guitarist

Farley Mifsud is gaining fans with every performance

B.C. man who left hospice to run in upcoming election dies

A week after leaving hospice to go to city hall to declare his candidacy, David Hesketh has died.

Tilray Inc sees $10-billion in market cap go up in smoke

Tilray’s share price closed at $123 US on Friday, a decline from its intraday peak of nearly $300 US earlier in the week

Most Read