North Island home values show slight drop

Most North Island homeowners will see a slight dip in the assessed value of their properties according to BC Assessment.

Most North Island homeowners will see a slight dip in the assessed value of their properties, based on figures released last week by BC Assessment.

“Most homes in North Vancouver Island will see moderate decreases or little change in value compared to last year’s assessment roll,” said Bill MacGoughan, Vancouver Island’s regional assessor.

Most of the decreases on the North Island appear to be in amounts less than five per cent of property value from the previous year, according to sample figures distributed by BC Assessment.

For the District of Port Hardy, a single-family dwelling went from $199,600 to $197,600; in the Town of Port McNeill the assessment dipped from $219,000 to $206,800; the Village of Port Alice saw a drop from $187,000 to $180,900; and the Village of Alert Bay saw a modest dip from $160,300 to $158,400.

There were variations in the figures, including a slight rise in assessed value in the strata condominium category for Port Alice (from $58,600 to $58,700) and for single-family dwellings in the Village of Zeballos (from $83,000 to $85,900).

Some of the largest changes occurred in rural dwellings on lots more than two acres in size. For the Port Hardy rural area that value tumbled from $321,400 to $295,000, while in the West Coast Rural assessment area properties on two acres or more saw a drop from $364,000 to $339,000.

Assessments are the estimate of a property’s market value as of July 1, 2012 and its physical condition as of Oct. 31, 2012. Changes in assessments reflect movement in the local real estate market, and results can vary widely from property to property.

Local property tax rates will be calculated by local government taxing authorities this spring, based on the assessment roll in their respective jurisdictions.

“Property owners who feel that their property assessment does not reflect market value as of July 1, 2012, or see incorrect information on their notice, should contact our office as indicated on their notice as soon as possible in January,” said McGoughan. “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.”

Property owners may contact BC Assessment toll-free at 1-866-825-8322 or visit


Just Posted

North Island Seniors Housing Foundation takes the next step towards getting Trustee Road land

Seniors rejoice, Port Hardy council is very much in favour of helping… Continue reading

Port Hardy Volleyball club requests funding from Port Hardy council

The sport of Volleyball is alive and well in the North Island,… Continue reading

Should aquaculture programs be offered at North Island College in Port Hardy?

“I think it would be very timely to have an aquaculture program”

Island Health issues press release regarding Port Alice Health Centre service changes

Island Health will be hosting a community meeting in Port Alice Feb. 20 at 6 p.m. in the rec centre.

Vancouver Island Regional Library wants to team up with the Town of Port McNeill to build a new multi-use facility

“A new library for the town, as you know, will quickly become an exciting hub of literacy”

B.C. students win Great Waters Challenge video contest

Video, mural and song about saving the salmon claims the top prize

Ammonia leak shuts down curling club in Nelson

It’s not yet clear when the leak was detected

Pavelski’s 31st goal helps Sharks top Canucks 3-2

Vancouver one point out of second NHL wild-card spot

Eight cases of measles confirmed in Vancouver outbreak

Coastal Health official say the cases stem from the French-language Ecole Jules Verne Secondary

Ontario police field complaints over Amber Alert for missing girl, 11, found dead

Some said the Amber Alert issued late Thursday for Riya Rajkumar disrupted their sleep

Former B.C. premier Gordon Campbell accused of sexual touching

Accuser went to police, interviewed by Britian’s Daily Telegraph

B.C. couple attacked with acid, slashed with knife in Vietnam

Warning, graphic images: Man has burns on 80 per cent of his body, slashed with knife

Northern B.C. First Nation clan says ancient tools found at pipeline work site

Archeologists from the Smithsonian Institute estimate one of the stones found dates back up to 3500 years

Names keep adding to vaccine petition started by B.C. mom

Maple Ridge mom started campaign to make vaccination a condition of attending school

Most Read