BC Assessment says average changes for 2015 are in a range of minus 10 per cent to plus 5 per cent in the Nanaimo area, and zero to plus 15 per cent on the Sunshine Coast.
Bill Dawson is a Deputy Assessor for the Island. He says although things are generally stable, there are differences depending on where in the city you own property.
Deputy Assessor Lyle Dunn, who handles the Sunshine Coast, says they see something similar. Generally stable values, but up overall in Gibsons and down in Sechelt.
Dunn also says you can find out how BC Assessment came up with the figures by looking up your property on the eValue BC part of their website.
People have until February 2nd to appeal their assessments.
BC Assessment says the most valuable home on the Island is in Nanoose Bay, at $10.1 million. On the Sunshine Coast the top assessed value is $2.69 million.
In all of BC it’s Lululemon founder Chip Wilson’s Vancouver mansion, which is worth $57.6 million.
Another key number is the “non market change”, which makes a big difference for local governments when it comes to setting tax rates. That’s the value of new construction, subdivisions etc. In the Nanaimo area it’s at $194 million for 2015, and it’s at $91 million on the Sunshine Coast