Assessments out for Langley lands

If you lived in a house in Langley, your home is likely worth more, but if you call an apartment home, its value declined from last year, according to B.C. Assessment.

The provincial agency assessed 191,000 properties throughout the Fraser Valley, and owners will be getting their notices this week and next.

“Most homes in the Fraser Valley are remaining stable in value compared to last year’s assessment roll,” said Raj Sandhu, deputy assessor. “Most home owners in the Fraser Valley will see modest changes in the -5% to +5% range.”  

For Langley City’s single family dwellings, the increase was from $479,000 to $490,000, a 2.29 per cent change.

Condos dipped in value from $203,000 to $198,000, a 2.46 per cent change.

Townhouses increased in value from $280,000 to $285,000, a 1.78 per cent bump.

Changes were broadly similar in the Township, with condos losing some value while houses increased and townhouses remained flat.

The average Township house was assessed at $530,000 for 2014, up from $519,000 in 2013. That’s a 2.11 per cent increase.

Strata apartments declined from an average of $223,000 to $218,000, a dip of 2.24 per cent.

Townhouses were assessed at an average of $341,000 in both 2013 and 2014.

While those are the average assessments, they don’t necessarily reflect what has happened to any one property.

“Property owners who feel that their property assessment does not reflect market value as of July 1, 2013 or see incorrect information on their notice should contact BC Assessment as indicated on their notice as soon as possible in January,” said Sandhu. 

Review panels will be meeting from the first day of February to March 15 to hear formal complaints and consider changing assessments.

• Do you feel your assessment was out of step with your property’s value? Let us know at news@langleyadvance.com.

Just Posted

Langley rider looks for hometown advantage if she makes World Cup

It won’t be known until Friday if Langley’s L.J. Tidball qualifies for the Longines FEI competition.

Mayoral candidates still scarce in Langley

Only three people are officially in the running – two in the City, one in the Township.

BREAKING: Mother charged in murder of little Aaliyah Rosa in Langley

The mother is in B.C. Provincial Court this afternoon. IHIT won’t release details of how child died.

Fraser Valley Express doubles weekend and holiday bus service

Four new round trips to be added, starting Sept. 4

Singer becoming fixture at tbird’s world-class shows

A self-proclaimed cowgirl knows she’ll never ride at tbird, but is excited to perform there.

VIDEO: Mustang Roundup in Langley attracts car lovers from all over

A car show dedicated entirely to one model of Ford drew admirers and collectors to George Preston Recreation Centre.

B.C. team stays alive in Little League World Series after another nail-biter

Surrey-based squad scored a 6-4 win over Mexico reps in Williamsport on Monday

Kids, seniors at risk as smoke from distant fires hangs over parts of B.C.

B.C. Centre for Disease Control says children’s lungs don’t fully develop until about age 10

Local libraries offer interactive digital novel

Inanimate Alice uses virtual reality systems

New plan to lift more than two million people past the poverty line

Anti-poverty strategy will aim for 50 per cent cut in low-income rates: source

Liberals scrap lottery system for reuniting immigrants with their parents

Lottery for parent sponsorship to be replaced, more applications to be accepted

More bus trips coming to Metro Vancouver this fall

TransLink touts improvements when fall service changes take effect Sept. 34

Bear kills off-leash dog in North Vancouver park

There have been nearly 200 pet or livestock and bear encounters so far this year

Langley lawyer elected president of Aldergrove Rotary Club

Expanding involvement with youth literacy, poverty, Starfish Backpack Program and other activities

Most Read