Sun Peaks assessments released

 | January 26, 2013

House of moneyHomeowners at Sun Peaks will have recently received their 2013 property value assessment from B.C. Assessment, with property values remaining steady.

“Values of most homes in Sun Peaks are remaining stable compared to last year’s assessment roll. Most homeowners in Sun Peaks will see modest changes in the -5 per cent to +5 per cent range,” said Graham Held, deputy assessor at B.C. Assessment.

This year the Sun Peaks’ assessment roll decreased from $530 million to $528 million.

As a result of an overall rise in the province’s property value assessments the B.C. government has increased the threshold of the Home Owner Grant, which can be used to offset property taxes.

Homeowners who have disagreements with the assessment have until January 31, 2013 to lodge an appeal. An appeal will include a review by the Property Assessment Review Panel.

Assessments are an estimate of the property’s market value at July 1, 2012 and its physical condition at October 31, 2012.

Areas such as Whistler, Pemberton, the Sunshine Coast and Bowen Island saw the most significant decreases in property value.

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