Creston property assessments up slightly over 2011

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  • Tue Jan 17th, 2012 3:00pm
  • News

Are you satisfied with your 2012 property assessment?re you satisfied with your 2012 property assessment?re you satisfied with your 2012 property assessment?A flat 2011 real estate market is reflected in property assessment notices recently sent out to homeowners in the mail.

“Assessments in the Kootenay Lake area have changed only modestly from the 2011 assessment roll,” deputy assessor Dennis Hickson said last week from Nelson. “For example, a typical single family home in Creston that was valued at $274,000 for the 2011 assessment roll is valued at $277,000 for the 2012 assessment roll.

“In Kaslo, a single family home that was valued at $191,000 for the 2011 assessment roll is valued at $186,000 for 2012.”

Hickson said the assessment role for the Town of Creston increased from $689 million last year to $708 million this year. Rural areas, including the East Shore of Kootenay Lake, increased by $100,000 to $2.2 billion.

New construction, subdivision and rezoning in the Kootenay Lake area, which includes Kaslo and area, the East Shore and all of the Creston Valley, added $33.1 million to the total value. Commercial and industrial property owners in Creston and Kaslo will see changes of plus or minus five per cent, Hickson said.

“Property owners who feel that their property assessment does not reflect market value as of July 1, 2011, or see incorrect information on their notice should contact our office as indicated on their notice as soon as possible in January,” said Hickson. “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 Jan. 31, for an independent review by a property assessment review panel.”

The property assessment review panels, independent of BC Assessment, are appointed annually by the Ministry of Community, Sport and Cultural Development, and meet between Feb. 1 and March 15 to hear formal complaints.

The Nelson/Trail Assessment Office is located at 502 Victoria Street in Nelson. During the month of January, office hours are 8:30 a.m.-5:00 p.m., Monday to Friday. It can be reached at 250-352-5581 or 1-800-990-1194. For more information, go to www.bcassessment.ca.

Were you satisfied with your 2012 property assessment? Visit www.crestonvalleyadvance.ca and scroll to the bottom of the page to answer our poll question.