Property assessments rise

Properties in Ashcroft and Cache Creek were worth a little in in 2015 than they were the year before.

The 2015 property assessments have been released, and Ashcroft and Cache Creek have done well this year – better than the other municipalities in the region.

Property assessments in Ashcroft and Cache Creek increased in 2015 from zero to 15 per cent, meaning that it may stay the same as last year or it may increase.

The market value of all of the homes in Ashcroft increased to an average house price of $215,000 from $197,000, while Cache Creek’s went to an average of  $182,000 from $166,000.

Lytton’s assessment decreased from -5 to +15 per cent, while Clinton’s assessment decreased -10 to +15 per cent. The market value of Lytton’s properties jumped to an  average house price of $140,000 from $130,000, while Clinton rose to an average price of $106,000 from $102,000.

Lillooet’s 2015 property assessment is in the -10 to + 10 per cent range, their market value rising to an average price of $171,000 from $165,000. Logan Lake’s assessments are in the -10 to + 5 per cent range, with their market value dropping to an average house price of $211,000 from $218,000.

In the next few days, owners of properties throughout the Thompson area can expect to receive their 2016 assessment notices which reflect market value as of July 1, 2015.

Ashcroft Cache Creek Journal

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