HOUSE VALUES in Terrace went up modestly in 2012, reports the BC Assessment Authority.
Based on a snapshot of values as of July 1, 2012, the authority says the average home was valued at $220,669, an increase over the $210,180 of July 1, 2011.
“Most homes in Terrace are worth more in value compared to last year’s assessment roll,” said depity assessor Christopher Whyte. “Most home owners in Terrace will see modest changes in the 0% to 5% range.”
Overall, Terrace’s assessment roll increased from $1.19 billion last year to $1.21 billion this year. These totals reflect changing market values for many properties in addition to subdivisions, rezoning and new construction.
In addition, owners of commercial and industrial properties in Terrace will see nominal changes ranging from 0% to 2%.