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North Okangan Assessments

Blog by | January 10th, 2008

North Okanagan communities have experienced a dramatic increase in property assessment values. "It's off the map," said Juliette Cunningham, a Vernon councilor. According to B.C. Assessment, assessment rolls in the City of Vernon increased from $5.75 billion to $7.25 billion between July 1, 2006 and July 1, 2007 - a 26% increase. For an average house on Middleton Mountain (a popular Vernon neighbourhood) the assessment has gone from $382,000 to $479,000, up 25%. In the MacDonald Road area, it has climbed from $350,000 to $432,000 (up 23%), while on Tassie Drive in Coldstream, an average home jumped nearly 21% from $368,000 to $445,000. In tiny Lumby, the average house has gone from $249,800 to $327,000, an increase of nearly 31%. In Armstrong/ Spallumcheen, a typical single-family home has seen its assessment rise from $310,000 to $371,000. In Enderby, a similar residence has increased 28.5% from $234,000 to $300,700.

Alexandra Rebagliati
MacDonald Realty Kelowna
592 K.L.O. Road
Kelowna, BC, V1W 4A7
Phone: 250.870.2792
Email: info@alexandrarebagliati.com
Website: www.AlexandraRebagliati.com