Home values are up very slightly in Revelstoke this year

Revelstoke property values up this year

Revelstoke property values are up this year — the first rise in values since the 2010 assessment roll.

Revelstoke home values increased for the first time in five years — but just barely.

BC Assessment released its assessment rolls this morning and for the first time since 2010 the total value of Revelstoke homes went up — but only by a measly third of a per cent.

The overall value of business and industrial properties in Revelstoke increased by 4.17 per cent.

The total value of all properties in Revelstoke increased by $18,769,000 to $1,415,538,000 in 2015, up from $1,396,769,000 last year. Of that, $4.2 million was due to new construction.

According to BC Assessment, the average home that was worth $310,000 in 2014 is now worth $313,000.

Properties were evaluated on July 1, 2014.

Revelstoke is part of the North Okanagan assessment region, which also includes Vernon and the Shuswap. The total property value is up across the region to $27,173,940,965 this year from $26,221,360,408 last year. Almost $393 million of that increase is from new construction.

“Most homes in North Okanagan are worth more in value compared to last year’s assessment roll,” said Jason Sowinski, Deputy Assessor, in a news release. “Most home owners in the North Okanagan will see modest changes in the -5% to +10% range.”

The last time the Revelstoke assessment roll increased was 2010, when the total value of all property in Revelstoke peaked at about $1.6 billion.

In B.C., the biggest assessment increases took place in the northwest, where Kitimat saw home values jump by almost 38 per cent, while in Terrace property values jumped by more than 28 per cent.

The percentages reflect the total value of all properties, and includes the impact of new construction. The assessment of individual properties varies.

Assessment notices will be sent out in the mail in early January. You can also search for a homes assessment value online at bcassessment.ca.

 

 

Just Posted

Applications for 2019 Revelstoke Community Foundation about to close

This year there is more than $65,000 to distribute

‘This province has never ending secrets’: Canada jays in Revelstoke largely unstudied

John Woods spoke at the last CRED Talk on Canada’s unofficial national bird

Readers weigh in: Should shock collars on dogs be banned?

We asked and you had a lot to say. Here’s some of what

National Energy Board approves Trans Mountain pipeline again

Next step includes cabinet voting on the controversial expansion

Girl heard saying ‘Help my Dad’ in suspicious radio message on Vancouver Island

Police asking for help following mysterious signals from somewhere between Comox and Sayward

Reports of rashes prompt closure of all Harrison Hot Springs pools

Public pool available after Fraser Health shut down all five mineral pools until further notice

No treatment for highly infectious measles, says doctor

10 cases of measles confirmed in Vancouver as of Friday

Two more measles cases confirmed in Vancouver

It brings the number of total cases within the city connected to the outbreak to ten

Shuswap facility adds 60 long-term care beds

Mount Ida Mews hosts grand opening of second phase in Salmon Arm

Crews continuing to clear rock north of Summerland

Site has had no movement for the past eight days

No gas in Okanagan town as lone station closed for renovations

Falkland’s Petro Canada will remain closed for renovations until March 1

Most Read