Property Values Increasing for 2013
TERRACE – More than 4,000 property owners throughout Kitimat can expect to receive their 2013 assessment notices in the next few days.
“Most homes in Kitimat are worth more in value compared to last year’s assessment roll,” said Christopher Whyte. “Most home owners in Kitimat will see significant changes in the 25% to 30% range.”
Overall, Kitimat’s Assessment Roll increased from $965 million last year to $1.14 billion this year. These totals reflect changing market values for many properties in addition to subdivisions, rezoning and new construction.
In addition, owners of commercial and industrial properties in Kitimat will see changes ranging from 5% to 20%.
The chart below demonstrates the average local market trends for residential properties in the District of Kitimat; trends are affected by many variables.
“Property owners who feel that their property assessment does not reflect market value as of July 1, 2012 or see incorrect information on their notice should contact our office as indicated on their notice as soon as possible in January,” said Whyte.
“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,” added Whyte.
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.
District of Kitimat
Assessment Roll(valuation date of July 1, 2011)
2013 Completed Assessment Roll(valuation date of July 1, 2012)
We Value BC
The Northwest assessment office is located at 4545 Lazelle Ave. in Terrace. During the month of January, office hours are 8:30 a.m. to 5:00 p.m., Monday to Friday. Property owners can contact BC Assessment toll-free at 1-866-valueBC (1-866-825-8322) or via www.bcassessment.ca
for more information about the 2013 Assessment Roll including lists of 2013’s top 100 most valuable residential properties across the province. Special for 2013, property owners can also visit the website for an online customer service survey, available until January 31.