Thousands of Canadian homeowners are scheduled to receive property assessments through the mail over the next few weeks.
A deputy assessor said that most home values are similar to the roll figures of 2009. For the most part, homeowners in the North Fraser are expected to see modest changes in the value of home property. Overall, the total roll of all houses assessed was almost the same at exactly $104.9 billion, compared to a near $104.2 billion in 2009.
Houses in Anmore saw the average value of a single-family home increase by two percent, and in Belcarra, home prices rose 7%. Prices in Port Coquitlam and Port Moody experienced approximately 1-2% declines.
The changes in assessment values are reflective of the fluctuations in the local real estate market, and financial situations can vary greatly from property to property. Professional appraisers take into account many factors when assessing the value of a home, including size, age, quality, condition, and location.
Any homeowner who does not agree with the assessment value or finds incorrect information regarding the property are requested to contact BC Assessment office as soon as possible. The country has also made assessment reports available to be viewed online at www.bcassessment.ca, by clicking on the e-valueBC link.
Homeowners are allowed to submit an appeal for an independent review by a property assessment review panel if the property owner disagrees with the original assessment.
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