Average Mission single family home value remains flat

Local townhouses and apartments saw a small drop in this year's assessment

Many Mission property owners will see their housing investments have dropped slightly as the 2013 assessment notices hit mailboxes this week.

“Most homes in the Fraser Valley are remaining stable compared to last year’s assessment roll,” said John Green, deputy Assessor. “Most home owners throughout the Fraser Valley will see minimal changes in the value of their properties.”

A single family home in Mission is worth an average of $338,000, same as last year. A strata apartment averaged a $5,000 drop to $178,000, while townhouses fell in value from $175,000 to $172,000.

Overall, the Fraser Valley’s Assessment Roll increased from $87.5 billion last year to $89 billion this year. Most of this growth was due to subdivisions, rezoning and new construction.

In addition, owners of commercial and industrial properties in the Fraser Valley will typically see changes ranging from negative to positive five per cent.

“Property owners who feel that their assessment does not reflect market value as of July 1, 2012 should visit www.bcassessment.ca for answers to common questions or to find comparable sales and assessment information,” said Green. “If they see incorrect information or have further questions, they should contact us as soon as possible in January. Other services available on the website include a customer service survey and a list of 2013’s most valuable residential properties across the province.”

If a property owner is still concerned about their assessment after speaking to an appraisers, they may submit a Notice of Complaint (Appeal) by Jan. 31, for an independent review by a Property Assessment Review Panel.

The panels, independent of BC Assessment, are appointed annually by the Ministry of Community, Sport and Cultural Development, and meet between Feb. 1 and March 15 to hear formal complaints.

The Fraser Valley assessment office is located at suite 240 31935 South Fraser Way in Abbotsford. During January, office hours are 8:30 a.m. to 5 p.m., Monday to Friday. Property owners can contact BC Assessment toll-free at 1-866-valueBC (1-866-825-8322) or via www.bcassessment.ca.

Just Posted

VIDEO: Man climbs crane in Abbotsford

Police, fire called to deal with climber last night

It’s about to get hot: Special weather statement issued for Lower Mainland

Temperatures expected to rise and stick around till next week, Environment Canada forecasts

One dead in Abbotsford motorcycle crash

Female passenger dies after motorcycle crashes into rear of SUV

Highway crashes double in Fraser Valley, truck traffic also up steeply

Unclear if doubling of Fraser Valley highway crashes is linked to spike in truck traffic

Subdivision: Smaller lots, more houses

Mission proposal would feature 1/4 acre lots close to City Hall

France doubles up Croatia 4-2 to win World Cup

Played in Moscow Russia, latest Fifa World Cup marks the highest scoring final since 1966

Pussy Riot claims on-field protest at World Cup final

Russian protest group claimed responsibility after four people ran onto field in police uniforms

Fans party on Montreal streets after French World Cup win

To city is home to nearly 57,000 French nationals

SilverStar officially opens Gondola

The brand-new gondola is now offering scenic rides for visitors on SilverStar Mountain Resort.

VIDEO: Langley City legendary water fight was a soaking good time

And perfectly timed for a hot weather warning

B.C. VIEWS: Making private health care illegal again

Adrian Dix battles to maintain Cuba-style medical monopoly

Almost every part of Canada’s largest national park deteriorating: federal study

Drawing on decades of research — the report lists 50 pages of citations

Activists protest outside Kinder Morgan terminal in kayaks, canoes

Tsleil-Waututh elder Ta’ah Amy George led the water ceremony from a traditional Coast Salish canoe

Canadian soccer fans brace for World Cup final between France, Croatia

First ever final for the Croatians, while it’s France’s third, going into match as betting favourite

Most Read