P.G. Home Values Increase
By 250 News
Tuesday, January 04, 2011 08:58 AM
Prince George, B.C. – More than 29,600 property owners in Prince George will be receiving their 2011 assessments within the next few days.
The details show that most homes in the Prince George area will see an increase in assessment.
Christopher Whyte, Deputy Assessor for the North Region says the increases are modest “Most home owners in Prince George will see modest increases in the 2% to 6% range. The greatest market change has been observed in the Perry and Fraserview neighbourhoods where most property owners will see increases in the 5% to 15% range. Commercial properties in the City of Prince George have shown a modest increase in the range of 6% while Light Industrial properties in the City have remained fairly stable.”
Overall, Prince George’s assessment roll increased from $8.25 billion last year to $8.64 billion this year. This growth reflects changing market values for many properties but also includes subdivisions, rezoning and new construction.
Location
|
2010 assessment roll
|
2011 assessment roll
|
College Heights Residential
|
$261,100
|
$274,400
|
Hart Highlands/North Nechako
Residential
|
$215,000
|
$220,000
|
Lakewood/Heritage/Foothills
Residential
|
$219,400
|
$233,800
|
VLA Subdivision Residential
|
$128,700
|
$131,700
|
Strip Commercial
|
$2,485,200
|
$2,550,100
|
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