The City of Port Alberni and the Alberni-Clayoquot Regional District will see $47, 500,000 in new residential and commercial value this year, the BC Assessment Authority noted.
There were 18,000 assessments mailed out to the City of Port Alberni and the Alberni Clayoquot Regional District, said Vancouver Island Regional Assessor Bill MacGougan. The region’s taxable residential assessment roll, released this week, is $2,748,641,618 for 2013.
A total of almost $39 million in new residential value has been added due to various changes including subdivision, rezoning and new construction.
“Most homes in Port Alberni and the Alberni-Clayoquot Regional District will see moderate decreases to little change in value compared to last year’s assessment roll,” MacGougan said. The changes will be in the –10 per cent to plus-five per cent range, he added.
The Valley saw several new developments this year including the new Department of Fisheries and Oceans office, the new medical building on Maple Way, as well as subdivisions and land parcels that were subdivided, city planner Scott Smith said.
In Alberni, a single family dwelling has decreased in assessment, going from $184,400 in 2012 to $183,200 in 2013. Strata condos also decreased in assessment value, going from $135,300 in 2012 to $132,800 this year.
The ACRD saw a slight decrease in assessment values as well. Single family dwellings under two acres went from an assessed value of $288,552 in 2012 to $287,200 in 2013. Single family dwellings over two acres increased in value though, going from $354,000 to $357,000.
The city and ACRD have also seen an increase of $8.5 million in new commercial value due to changes in subdivision, rezoning and new construction.
There is a one third of a per cent discrepancy between assessment values and current real estate values for the last quarter, MacGougan said. “This reflects the assessment value date, which was July 1, 2012, MacGougan said.
Anyone can appeal their assessment by calling BC Assessment at 1-866-825-8322. If still unsatisfied, people can file an appeal by Jan. 31 for an independent review by the Property Assessment Review Panel.
Detailed property value information including property comparison is available at www.bcassessment.bc.ca.