Hope experiences small jump in property assessments

Hope property owners can expect to see a modest increase in their property values this year.

Hope property owners can expect to see a modest increase in their property values this year.

According to the B.C. Assessments an average home, valued at $221,000 last year, will rise in assessed value to $228,000.

Assessment values, however, vary from property to property.

Also according to BC Assessments, properties within the Fraser Valley were valued at a total of $73 billion last year, moving up to $78 billion for 2011. Of the increase, new construction and rezoning accounted for $1.3 billion.

Property owners who feel their assessment does not reflect market value as of July 1, 2010 have until January 31 to file an appeal.