You have probably already received your 2020 Property Assessment in the mail. How does your assessment this year compare to last year? Did it decrease or increase? According to Okanagan area Deputy Assessor Tracy Wall, “For the Okanagan region, the majority of homeowners can expect to see stable values with slight changes from last year.”
Compare To Last Year
In Kelowna, there was a two percent drop from last year’s typical assessed value of a single-family residential property. The typically assessed value now sits at $629,000, down from $643,000. Overall, the Thompson Okanagan’s total assessments increased from about $147.7 billion in 2019 to $153.1 billion this year. A total of about $2.7 billion of the region’s updated assessments is from new construction, subdivisions, and rezoning of properties. BC Assessment’s Thompson Okanagan region includes the urban centres of Kelowna and Kamloops as well as all surrounding Okanagan and Thompson communities as listed below.
Does It Affect My Taxes?
Tracy Shymko explained, “It is important to understand that increases in property assessments do not automatically translate into a corresponding increase in property taxes.” “As noted on your Assessment Notice, how your assessment changes relative to the average change in your community is what may affect your property taxes.”
There’s More Info Online
BC Assessment’s website at bcassessment.ca includes more details about the 2020 property assessment. It also provides further property information and trends such as lists of 2020’s top valued residential properties across the province.
Property owners can register for a free BC Assessment custom account. Such an account unlocks additional property search features such as; check a property’s 10-year value history, store/access favourites, create comparisons, monitor neighbourhood sales, and use the interactive map.
If you have any inquires, please contact us. We would be happy to answer any questions you have!
The holiday hustle and bustle is in full swing here in Kelowna. The streets are lined with dazzling lights and the festive cheer is palpable. With less than a week until Christmas it is time to start enjoying all of the local festivities and joys the season brings, if you haven’t already.
One of the amazing gifts of living the Kelowna life is the ability to enjoy all four seasons at their prime. Winter is no exception. The Kelowna winter life brings big snowfalls that allow us to relive our childhood by building snowmen and getting in a good old snowball fight. The chilly days allow us to enjoy those stay in your pjs kinda days without all of the guilt. And, those days when we are lucky enough to see that beautiful sun shining and bright blue sky, we get outside and enjoy what Kelowna has to offer.
Have you been in full Buddy The Elf mood since November or do you need some ideas on how to get into the holiday spirit? You’ve either been planning your holidays since July and have already checked half of your holiday bucket list off. Or did you just realized Christmas is in a few days, haven’t even started your shopping, and need to amp your festive cheer into high gear,
Here are a few Kelowna winter life staples to get you Ho Ho Ho-liday spirit!
One of our favorite activities during the winter season that showcases the Kelowna winter life is strapping on some ice skates and visiting Stuart Park. The outdoor skating rink in the heart of Kelowna. What is more festive than ice skating outdoors under the stars and grabbing a bite afterwards from TNT Comfort Foods.
If you need a holiday cheer booster we suggest visiting Candy Cane Lane in Rutland. About 70 homes in the neighbourhood light up to provide an enchanting experience. This is a free event, however non-perishable items are accepted. Another favorite are the houses in the Wilden community. They actually do a friendly neighborhood Christmas light competition. Click HERE for a list of the best Christmas light displays in Kelowna.
However, maybe you are the kind of person who would rather enjoy the winter-ness from indoors. Don’t worry, there are numerous wineries and restaurants in Kelowna that are hosting festive events all season long. Local favorites include wreath making at Vibrant Vines Winery, and CRAFTmas on Bernard at Craft Beer Market.
We are blessed to experience the holiday season in Kelowna. With snow blanketing the landscape, twinkling lights on trees, and festive cheer everywhere, the community embraces the holiday spirit and makes Kelowna the perfect place to spend the holidays! Do you want to live the Kelowna Life?
Photo Credit: Macdonald Realty Kelowna
Kelowna Life Real Estate Group is excited to announce we are joining Macdonald Realty.
As Kelowna Life nears its fifth year in operation, we are thrilled about the next chapter in our journey. Our team will be joining a boutique firm located in the heart of Pandosy village: Macdonald Realty. Macdonald Realty was founded in Vancouver in 1944 and has continued to grow with 20 offices throughout British Columbia. Today, they are Western Canada’s largest independent full-service real estate company, with residential, commercial, property management and project marketing divisions.
Kelowna Life Real Estate continues to be proud of working and living in the Okanagan. Our new Kelowna office is ideally situated to serve the various communities of Kelowna, Westbank, the Okanagan Valley and beyond. You can find us at 2700 Richter Street in the Pandosy/Mission area of Kelowna, we’d be pleased to sit down with you and chat.
“We are absolutely thrilled to have joined an incredible boutique brokerage in Kelowna. We look forward to sharing our expanded marketing offerings and reach with all of our friends and clients in the near future”
Rob Nelson, Jason Abougoush and the rest of the Kelowna Life team are happy to help you with all your Real Estate needs while you ENJOY KELOWNA LIFE.