Family homes in the Wine Capital of Canada saw a 14 per cent rise in assessments over last year.
The average single family residential home in Oliver was priced at $327,000 as of July 1, 2017. As of July 1 this year, the average home’s assessment value is $375,000.
Residential saw a 11.68 per cent increase; business/other rose by 5.62 per cent; and light industry went up by 8.75 per cent.
Last year’s extreme wildfires and flooding contributed towards some properties facing adjusted rates.
Assessments can be appealed up until Jan. 31 through bcassessment.ca.
Across the whole Okanagan, the combined assessment value rose from $98 billion to $119 billion over the past year.
