Revelstoke average property assessment values dropped in 2014. Total residential value for Revelstoke were down by 6.16 per cent.

Revelstoke property values down in 2014 assessment

BC Assessment: Residential total value down 6.16 per cent, commercial down by 3.34 per cent.

BC Assessment released their 2014 property value assessments on Jan. 2, and Revelstoke experienced a relatively big drop in average residential and business property values when compared with communities in the region and across B.C.

In Revelstoke, the total drop for all residential property in Revelstoke between the 2013 and 2014 assessment was 6.16 per cent.

The total change for all commercial property in Revelstoke between the 2013 and 2014 assessment was -3.34 per cent. This category also includes other miscellaneous property categories.

Revelstoke is in the ‘Vernon’ assessment area, and experienced the biggest drop in total assessment value out of communities there.

In the Vernon assessment area, the average residential property value drop was 1.57 per cent.

According to BC Assessment, the value of an average Revelstoke home dropped from $322,000 on July 1, 2012 to $312,000 on the same date in 2013. 2014 assessments are based on the value on July 1 the year before.

“Most homes in the North Okanagan are remaining stable in value compared to last year’s assessment roll,” said Tracy Wall, Deputy Assessor. “Most home owners in the North Okanagan will see modest changes in the +5 per cent to -5 per cent range.”

Across B.C., the there was an approximately one-per-cent increase in the number of properties, now totalling 1,954,445. The total value of real estate in B.C. increased by about 1.35 per cent, for a total of $1.14 trillion.

Property owners can expect to receive their 2014 assessment notices in the mail in early January.

 

Just Posted

Missing: Elderly woman in Revelstoke

The missing female is Alice Lines, a long-time resident of Revelstoke. She was last seen at 8 pm Friday night when she left her home.

Voting Day: Here’s what you need to know

Voting stations are open until 8 p.m.

Kids have fun at the Mountain Harvest Festival

The Begbie View Elementary School gym was packed Friday night with Halloween activities

VIDEO TOUR: Eagle Pass Lodge recognized at Thompson Okanagan Kootenay Commercial Building Awards

Eagle Pass Heli Skiing’s lodge is located south of Revelstoke on Highway 23

Former Vernon man guilty of Japanese exchange student’s murder

Natsumi Kogawa was found at empty heritage mansion shortly after she was reported missing in 2016

Tommy Chong says cannabis legalization makes him proud to be a Canadian

Legendary marijuana advocate and comedian celebrates cultural milestone at Kelowna event

B.C. passenger caught smoking weed in a car issued $230 fine

Saanich police did a field sobriety test on the driver and deemed it safe for him to drive

Payette invites critics to ‘come and spend a few days’ with her

Governor General Julie Payette made her first official to B.C. back in March

More pot stores expected in B.C. in coming ‘weeks and months’: attorney general

Attorney General David Eby and Public Safety Minister Mike Farnworth visited the new BC Cannabis Store in the province’s Interior

Telus launches charitable foundation to help vulnerable youth

The Telus Friendly Future Foundation complements other social initiatives by the company, including Mobility for Good

Police say suspicious death of B.C. artist ruled a homicide

Patrick Zube Aylward’s body was found in a residence on a rural road outside of Seton Portage, west of Lillooet, B.C.

Temporary roads being built in areas affected by landslide in northern B.C.

Emergency Management BC news release says Disaster Financial Assistance is available to eligible residents of the Peace River Regional District who may have been affected by the landslides

B.C. tickets win big in Lotto Max draw

Jackpot carried over; B.C. tickets share Max Millions prizes

Most Read