Friday, January 3, 2020

Six Prince Rupert neighbourhoods play host to top end Assessments for 2020 in the city

The largest collection of high end assessments for 2020 can be found
in the Graham/Atlin area of the city, which also features
the highest assessed property in Prince Rupert.

With the release of the 2020 Property Assessments yesterday, the map for the higher assessment values in Prince Rupert for the most part looks much as residents might expect when it comes to the pockets of the city with the highest assessment levels for this year.

Overall there are six areas where the largest concentrations of high assessments were found in Prince Rupert as the paperwork hits the mail this week destined for your mailbox.

Both the western end of Graham and the upper section of the Silversides area feature the largest volume of those properties in the upper reaches.

By overall volume, the number of properties is higher for the west side, which also hosts the property with the Highest assessment for 2020 located at 2076 Graham Avenue.



A stretch of Summit Avenue overlooking the golf course and Fourth Avenue West also posted some strong assessment values.

As did the relatively new subdivision of Edwards Avenue just off of Eleventh Avenue West.

Also claiming some top end assessments was Heron Road adjacent to Charles Hays Secondary.




From a quick scan of the findings from the Thursday release, the scale of assessment level for the six areas looks as follows:

Graham Avenue -- Ranges from $450,000 to $981,000
Silversides -- Ranges from $400,000 to $870,000
4th Avenue East -- Ranges from  $350,000 to $786,000
Edwards Avenues -- Ranges from $450,000 to $717,000
Heron Road -- Ranges from $450,000 to $683,000
Summit Avenue -- $400,000 to $613,000





You can review the full scope of the 2020 assessment from a map provided as part of the BC Assessment online program, simply type in the address of a property in the area you have an interest in and then click on each adjacent property to see how things shape up from home to to home, street to street and area to area.

As we noted in our look at the data release of Thursday, Prince Rupert's overall increase of 3 percent is fairly tame compared to both Terrace and Kitimat which have seen some significant jumps in this years assessments.

Kitimat's surge in economic opportunities has pushed the property assessments up by 41 percent, with Terrace also recording some strong gains for 2020 listed at 20 percent up for this years roll out.

Property owners have until the end of this month to decide if they wish to appeal their assessed level for 2020.

For more notes on the Northwest real estate picture see our archive page here.

Cross posted from the North Coast Review.

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