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Tax assessments don't reflect any major changes in Castlegar property values

Contributor
By Contributor
January 3rd, 2012

 

 More than 8,000 property owners in the Castlegar area can expect to receive their 2012 assessment notices in the next few days.
 
“Most homes in Castlegar and its surrounding rural area have changed only marginally from last year‟s assessment roll,” said Dennis Hickson, deputy assessor.
 
“For example, a typical single family home in Castlegar that was assessed at $265,000 in 2011 is valued at $261,000 for the 2012 assessment roll.”
 
Overall, the City of Castlegar‟s 2012 assessment roll was unchanged at $1.2 billion. The assessment roll comprising Castlegar‟s rural area increased from $954 million last year to $963 million this year. Of the communities noted above, almost $29.4 million of the assessment change is attributable to subdivisions, rezoning and new construction.
 
In addition, owners of commercial and industrial properties in the City of Castlegar will see changes ranging from -5 per cent to + 5 per cent.
 
“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,” added Hickson.
 
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. to 5:00 p.m., Monday to Friday. The telephone number is (250) 352-5581 or toll free at 1-800-990-1194.
 
For more information, go to www.bcassessment.ca.

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