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Property values up in Port and Charlotte, says BC Assessment

Property values rose significantly in Port Clements and Queen Charlotte and stayed about the same in Masset over the past year, according to BC Assessment.Property owners on Haida Gwaii will be receiving their 2010 property assessment notices in the next few days.The assessments are an estimate of the property's market value as of July 1, 2009, and will be used to calculate the homeowner's 2010 property taxes."Most homes in Haida Gwaii are worth more on this year's assessment roll than they were on the 2009 assessment roll," said Bradley Lane, deputy assessor. "Most homeowners in Queen Charlotte and Port Clements will see increases in the 5 percent to 15 percent range. Most homeowners in Masset, however, will see their values stay about the same as last year, or even decrease slightly. Some acreage and waterfront properties across Haida Gwaii will see increases in excess of 50 percent."Overall, Mr. Lane said, the total of Queen Charlotte, Port Clements and Masset's assessment rolls increase to $232-million this year from $214-million last year. The growth reflects changing market values for many properties but also includes subdivisions, rezoning and new construction.Property owners who think their assessment does not reflect market value as of July 1, 2009 should contact the BC Assessment office as soon as possible, Mr. Lane said. If the owner is still concerned about their assessment, they may submit a notice of complaint by Feb. 1 for independent review by a property assessment review panel.Assessments and sales by address are available at www.bcassessment.ca. Paper copies of neighbourhood assessments are also available at most village offices, libraries and the government agent's office