Most Delta homeowners can expect to see small changes in the assessed value of their homes.
The B.C. Assessment Authority has begun mailing out 2013 property assessment notices, assessments based on the estimated market value for properties as of July 1, 2012.
The figures show assessed values remain relatively stable with a few modest increases in Delta as well as Richmond, explained Craig Barnsley, deputy assessor for the South Fraser region.
"Homeowners in Delta can expect moderate changes in the range of minus-five per cent to plus-10 per cent for both single-family dwellings and multi-family strata buildings. In Richmond, the changes are similar in the minus-10 per cent to plus-five per cent range for single-family dwellings, while multi-family strata properties are in the minus-five per cent to zero per cent range," he explained.
Some of the examples cited for Delta include a 20-year-old single-family detached home at Tsawwassen Beach increasing in value from $2,210,000 last year to $2,281,000 for 2013. Other examples include a single-family detached home in East Ladner going up from to $784,000 from $767,000. North Delta single-family houses saw small increases.
Meanwhile, a three-bedroom strata apartment at the Royal Oaks complex in Tsawwassen saw a slight increase in value, now at $663,000 from $651,000.
Apartments in Ladner saw even more modest increases.
In addition, most owners of commercial and industrial properties in Richmond and Delta will see changes ranging from minus-five per cent to plus-15 per cent.
"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 Barnsley.
"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 January 31, for an independent review by a Property Assessment Review Panel," added Barnsley.
