Question of the Week | Jan. 16

Are you satisfied with your property assessment this year?

  • Jan. 17, 2020 2:50 p.m.


BACKGROUND:

Assessments for single-family homes rose an average 20 per cent in Terrace and Thornhill from 2018 to 2019, the second year in a row for an increase as a reflection of increased sales activity from LNG Canada’s liquefied natural gas plant now under construction in Kitimat.

That’s on top of an average 9 per cent increase from 2017 to 2018 and in marked contrast to a 1.3 per cent drop the year before as determined by the B.C. Assessment Authority.

In dollar terms, median single-family home values rose from $312,000 in 2018 to $373,000 in 2019.

Are you satisfied with your property assessment this year?

READ MORE: Assessed home values jump by 20 per cent in Terrace


 


natalia@terracestandard.com

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