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Most TC home values the same as 2013
Tri-City homeowners will largely see the value of their properties on par with last year.
But there are a few pockets in the community that will see their assessments rise 15% or more.
On Thursday, BC Assessment released its 2014 roll, showing homes on Burke Mountain — especially in Partington Creek, a new neighbourhood on the eastern side that Coquitlam city council formalized with a master plan last year — as well as Belcarra rising above the norm.
About 170 homes are now in Partington, which is expected to see 7,500 new residences over the next 20 years with the development of Burke.
Zina Weston, deputy assessor for the agency's North Fraser region, told The Tri-City News that "market forces" pushed values up in the waterfront village of Belcarra while Burquitlam is also strong with growth around the future Evergreen Line.
Assessments, which are based on size, age, quality, condition and location of a home, for example, are used by municipalities when calculating property taxes. Municipal tax bills are due July 1.
Last year, about 67,000 single-family dwellings (SFD) in Coquitlam, Burnaby and New Westminster were reassessed as part of the BC Assessment's Desktop Review Program. That resulted in another $228 million to Coquitlam's $30-billion roll and added $700,000 to the city coffers.
Overall, Coquitlam's assessment roll rose from $30.117 billion last year to $30.777 billion. In Port Coquitlam, it jumped from $10.978 billion to $11.043 billion while Port Moody saw an increase from $7.776 billion to $7.864 billion.
Below, some examples of assessments from 2013 to '14 (valuation dates July 1, 2012, and July 1, 2013, respectively):
COQUITLAM 2013 2014
SFD Central Coquitlam 1980s $800,000 $774,000
SFD Maillardville 1950s $697,000 $719,000
SFD Ranch Park 1970s $667,000 $670,000
SFD Westwood Plateau 1992 $814,000 $810,000
SFD Oxford Heights 1990s $646,000 $618,000
SFD New Horizons 1980s $545,000 $530,000
SFD Burke Mountain 2011 $813,000 $815,000
Strata highrise, 2-bed 1989 $359,000 $360,000
Strata lowrise, 2-bed 1996 $258,000 $250,000
Strata townhouse, 3-bed 1989 $375,000 $348,000
PORT COQUITLAM 2013 2014
SFD Mary Hill 1960s $487,000 $503,000
SFD Citadel Heights 1990s $809,000 $808,000
SFD Lincoln Park 1970s $531,000 $523,000
Strata Citadel townhouse 1994 $508,000 $485,000
Strata Citadel townhouse 1988 $409,000 $373,000
PORT MOODY 2013 2014
SFD College Park 1960s $634,000 $628,000
SFD North Shore 1970s $816,000 $830,000
SFD Heritage Woods 1997 $1,101,000 $1,082,000
Strata highrise, 2-bed 2005 $348,000 $348,000
Strata lowrise, 2-bed 1996 $362,000 $356,000
Strata townhouse, 3-bed 1990 $305,000 $277,000
Weston said assessment levels for North Fraser, which accounts for more than 176,000 properties in the Tri-Cities, Burnaby and New Westminster, are similar with neighbouring jurisdictions.
Meanwhile, Tri-City property owners can compare their assessment with others by going online to www.bcassessment.ca (click on e-valueBC). Those who feel their assessment doesn't reflect market value as of July 1, 2013 — or see incorrect information on the notice — should contact BC Assessment at 1-866- 825-8322.
Appeals need to be submitted by Jan. 31 for an independent review.
Belcarra tops the list for million-dollar homes, as seen in the Top 100 valued properties in North Fraser — a new document released yesterday by BC Assessment.
Here are the top 10 in the Tri-Cities:
• 2966 Sunridge Crt., Coquitlam: $3.6 million
• 3495 Senkler Rd., Belcarra: $3.5 million
• 956 Poirier St., Coquitlam: $3.5 million
• 5225 Coombe Lane, Belcarra: $3.4 million
• 5063 Whiskey Cove Lane, Belcarra: $3.3 million
• 1122 Alderside Rd., Port Moody: $3.2 million
• 1755 Lancaster Crt., Anmore: $3.2 million
• 2972 Rockridge Lane, Coquitlam: $3.2 million
• 5269 Coombe Lane, Belcarra: $3.1 million
• 5191 Belcarra Bay Rd., Belcarra: $3.1 million