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I'm Kash Kang, I'm the area Assessor for the North Fraser region of BC Assessment. In early January, you should be receiving your 2013
property assessment notice
As in previous years, BC Assessment is required to estimate a market value for your property in the summer of the previous year
Current assessment notices will reflect a market value as of July of 2012
Your previous one was July of 2011
As we all know, in the local media there's been a lot of discussion about changes
in the market
and notably in the North Fraser region
there has been significant changes in market value
In some cases that have been declines of up to five to ten percent
and other cases there have been increases of five to ten percent
I encourage you to take a look at the news release that is posted on the BC Assessment
website that is for the North Fraser region
In that news release we have indicated benchmark properties
that demonstrate the changes in
property assessment
On our industrial commercial investment properties we've seen continued demand
for industrial properties and multi-family apartments
One additional item I'd like to mention this year is
the market value has continued to decline in some areas
Meaning that our assessment will be higher than current list prices and current sale
prices
Keep in mind- BC Assessment is required to estimate a value as of the summer
of 2012
If you have any further questions,
please go to our website. I would also encourage you to take a look at e-valueBC,
where you can take a look at comparable properties and comparable sales
information
And if you still have questions,
please give our staff a call, we'd be happy to help you
It's 1-866-valueBC. Thank you.