Assessment notices sent to property owners in Sun Peaks

Sun Peaks aerialProperty Values Decreasing for 2014

As 2014 marks B.C. Assessment’s 40th anniversary, owners of more than 1,600 properties throughout the Sun Peaks Mountain Resort Municipality can expect to receive their 2014 assessment notices in the next few days.

 “Values of most homes in Sun Peaks are down in value compared to last year’s assessment roll,” said Graham Held, Deputy Assessor. “Most home owners in Sun Peaks will see changes in the 0% to -10% range.”

Overall, the Sun Peaks Assessment Roll decreased from $528 million last year to $493 million this year. A total of almost $1.5 million was added to the 2014 roll total in the form of new subdivisions, rezoning and new construction.

“Property owners who feel that their property assessment does not reflect market value as of July 1, 2013 or see incorrect information on their notice should contact BC Assessment as indicated on their notice as soon as possible in January,” said Held.

“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 Held.

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.

The Kamloops assessment office is located at 805 Renfrew Ave in Kamloops. 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 online by clicking “CONNECT” here.

Click here for more information about the 2014 Assessment Roll including lists of 2014’s top 100 most valuable residential properties across the province.