Property values rose in both Houston and Burns Lake as of July 1, 2020, the BC Assessment Authority has determined.
Using sales market data from that July 1, 2020 date as a snapshot, the authority says a property assessment value as of that date in Houston for a single family residence was $167,250, or 10 per cent more than the $152,000 assessed value as of July 1, 2019.
The assessment authority has 787 single family residences in its system for the District of Houston.
Single family residential assessments rose even higher in Burns Lake, up 21 per cent from $148,000 as of July 1, 2019 to $180,000 on July 1, 2020.
Granisle experienced a more modest valuation increase of four per cent $61,000 as of July 1, 2019 to $64,000 on July 1, 2020.
The above values are for stick built single family residences and do not include values for manufactured homes.
In Houston, for example, valuations of manufactured homes dropped from 2020 to now.
There are 178 manufactured homes having an average value of $29,995 situated within a manufactured home park in Houston. Thats a drop of 3 per cent from the 2020 average value of $30,949. But half of those dwellings are valued at $17,924 or more this year which represents a drop of 17 per cent from the $21,600 value of 2020.
There were 46 manufactured homes not in a park and 49 manufactured homes on properties of more than two acres in size within the Districts boundaries. In each of those categories, values also dropped so that the average drop for all manufactured home classifications was 6.93 per cent.
That decline reduced the overall residential valuation increase within the District to 5.17 per cent.
In the rural area surrounding Houston and reaching toward Granisle, called Area G within the Regional District of Bulkley-Nechako, the overall residential class value increased from $96.268 million to $113.694 million, a jump of 18.1 per cent.
The assessment authority has 294 single family residential properties in its system for this rural area and 86 manufactured homes.
The average value of a single family dwelling in 2020 in Area G was $192,200, rising to $208,600 this year. The average value of a manufactured home in Area G in 2020 was $107,100, rising to $119,600 for 2021.
Property owners began receiving their individual assessments last week, information from which local governments will now take and use to set property tax rates for the coming year.
Each year the assessment authority uses July 1 as its snapshot date to determine market value for all properties and Oct. 31 as the date to determine physical condition of a property.
Significant changes in an individual propertys assessed value do not necessarily mean taxes will also increase.
The important factor is where the assessment for an individual property rests within the average change of that propertys class within the local government or taxing authority.
If the new assessment is lower than the average, taxes might decrease. If the assessment is higher, taxes might then increase.
Still, both Houston and Burns Lake local governments are planning for an overall property tax increase based on their own financial planning and needs.
In Houston, the net increase is set at 2.7 per cent, amounting to an additional $114,980 to the Districts base budget. Fees are set to increase by two per cent for water and garbage fees and two per cent for arena, parks and cemetery fees. Sewer fees and frontage tax rate are to rise by five per cent.
By percentage increases, Burns Lakes 21 per cent assessment jump ranked first out of 34 municipal governments with the BC Assessment Authoritys northern B.C. area with Houston coming in at seventh at 10 per cent, a figure it shared with Port Clements on Haida Gwaii.
Smithers ranked second at a 15 per cent assessment hike as did Wells in the Cariboo with Telkwa coming in at at third place with a 13 per cent increase.
See original here:
Residential property assessments increase overall in Houston - Houston Today
- City Council Offers Resolution in Support of Manufactured Housing Residents - City of North Liberty - February 16th, 2024 [February 16th, 2024]
- With Gilbert Foundation funding, 9 manufactured homes coming to North Corktown - Urbanize LA - February 16th, 2024 [February 16th, 2024]
- Back to Business: Aiken Housing Center offers affordable housing options - The Post and Courier - February 16th, 2024 [February 16th, 2024]
- Affordable manufactured housing community coming to Crosby - Houston Agent Magazine - February 16th, 2024 [February 16th, 2024]
- ECN Capital finds new backer for manufactured homes business - The Globe and Mail - February 7th, 2024 [February 7th, 2024]
- How Mobile Home Owners Organize for Land Ownership and Climate Resiliency - Non Profit News - Nonprofit Quarterly - February 7th, 2024 [February 7th, 2024]
- What are manufactured homes? | Homes and housing - Queensland - December 30th, 2022 [December 30th, 2022]
- Clayton CrossMod Home Displayed at Museum Highlights Manufactured Housing Innovations Over the Years - PR Newswire - August 20th, 2022 [August 20th, 2022]
- Legacy Housing Corporation Provides Update on Delayed SEC Filings and Guidance for the First Half of 2022 - GlobeNewswire - August 20th, 2022 [August 20th, 2022]
- Letters to the Index-Tribune editor, Aug. 19, 2022 - Sonoma Index-Tribune - August 20th, 2022 [August 20th, 2022]
- Prefab Accessory Dwelling Units are coming to the North Bay - Napa Valley Register - June 12th, 2022 [June 12th, 2022]
- New laws will invest $45M into housing - Addison County Independent - June 12th, 2022 [June 12th, 2022]
- Legacy Housing Corporation Announces Appointment of Duncan Bates as President and Chief Executive Officer - GlobeNewswire - June 12th, 2022 [June 12th, 2022]
- Gaylord: A community comes together - Second Wave Media - June 12th, 2022 [June 12th, 2022]
- At home, do you know where your safe spot is? | Severe Weather Awareness Week - WTOL - March 29th, 2022 [March 29th, 2022]
- Rentals at a premium in Macomb County and metro area - The Macomb Daily - March 29th, 2022 [March 29th, 2022]
- Officials in tornado-weary Jarrell relieved property damage was worst of Monday twister - Austin American-Statesman - March 29th, 2022 [March 29th, 2022]
- What's Driving the Move to Off-Site Construction in Home Building? | Pro - Pro Builder - March 29th, 2022 [March 29th, 2022]
- Property tax bills start landing in mailboxes this week - Canton Repository - January 25th, 2022 [January 25th, 2022]
- Where Are New Co-ops Emerging? The Changing Map of Co-op Development - Non Profit News - Nonprofit Quarterly - January 25th, 2022 [January 25th, 2022]
- High-end mobile home parks may become part of the St. George landscape - KSL.com - November 4th, 2021 [November 4th, 2021]
- Paid Advertisement: Oaks of Kokomo brings home ownership options to community - Kokomo Perspective - November 4th, 2021 [November 4th, 2021]
- 2022 Biloxi Manufactured Housing Show: Registration and Housing Now Open - PRNewswire - November 4th, 2021 [November 4th, 2021]
- The Best Mobile Home Movers of 2021 - BobVila.com - November 4th, 2021 [November 4th, 2021]
- Farmworker housing initiative fell short of ambitious goal - Point Reyes Light - July 2nd, 2021 [July 2nd, 2021]
- At least 63 people have died in Oregon heatwave - PennLive - July 2nd, 2021 [July 2nd, 2021]
- Elon Musk lives in a prefab "house" next to the SpaceX base for which he pays $250 a month. - Amico Hoops - July 2nd, 2021 [July 2nd, 2021]
- CL broker points to his history in winning award - The Friday Flyer - July 2nd, 2021 [July 2nd, 2021]
- A year after Sitka made space for tiny homes, no one is building them - KCAW - May 9th, 2021 [May 9th, 2021]
- Little homes in the valley | Local News | lagrandeobserver.com - La Grande Observer - May 9th, 2021 [May 9th, 2021]
- Are tornadoes moving from the plains to the South and Louisiana? Not likely, experts say - The Advocate - May 9th, 2021 [May 9th, 2021]
- Pandemic Vacation: What We Learned Driving 1,100 Miles in an RV - Bloomberg - May 9th, 2021 [May 9th, 2021]
- Mother who survived Orange mass shooting but lost two children leaves hospital - Los Angeles Times - May 9th, 2021 [May 9th, 2021]
- North Carolina: Severe weather threatens Piedmont Triad - WXII12 Winston-Salem - WXII12 Winston-Salem - May 9th, 2021 [May 9th, 2021]
- Seattle 'Mobile Vaccination Teams' to target young adults at breweries, outdoor dining areas, parks, and beaches - CHS Capitol Hill Seattle News - May 9th, 2021 [May 9th, 2021]
- Residents of an East Portland Mobile Home Park Were Told to Get Lost, in the Middle of a Pandemic - Willamette Week - February 20th, 2021 [February 20th, 2021]
- Should NH require towns to allow tiny houses? - Manchester Ink Link - February 20th, 2021 [February 20th, 2021]
- Bill would expand rights of mobile home park tenants after years of complaints - telegraphherald.com - February 20th, 2021 [February 20th, 2021]
- Manufactured Housing Market to Eyewitness Massive Growth by 2026 | Crest Homes, Kent Homes, Titan Express Keeper - Express Keeper - February 20th, 2021 [February 20th, 2021]
- Drive for low-cost housing finds bipartisan buy-in - Southernminn.com - February 20th, 2021 [February 20th, 2021]
- Symposium on expanding shared equity housing highlights innovations and best practices in community-owned land - GlobeNewswire - February 20th, 2021 [February 20th, 2021]
- MV Interpretive Center expands its scope - Methow Valley News - February 20th, 2021 [February 20th, 2021]
- Latest Study explores the Manufactured Homes, Modular Homes, and Mobile Homes Ma - GroundAlerts.com - February 17th, 2021 [February 17th, 2021]
- Why Mobile Home Park Investments Will Thrive in 2021 - Yahoo Finance - February 17th, 2021 [February 17th, 2021]
- Drive for low-cost housing finds bipartisan buy-in - Mankato Free Press - February 17th, 2021 [February 17th, 2021]
- Getting your home ready for the freezing weather - KAMR - MyHighPlains.com - February 17th, 2021 [February 17th, 2021]
- Manufactured housing units being built in Oregon as temporary housing for fire victims - Wildfire Today - January 25th, 2021 [January 25th, 2021]
- Outlook on the Manufactured Housing Global Market to 2027 - Opportunity Analysis and Industry Forecast - Yahoo Finance - January 25th, 2021 [January 25th, 2021]
- Global Manufactured Housing Market (2020 to 2027) - by Number of Section, Location and Application - GlobeNewswire - January 25th, 2021 [January 25th, 2021]
- Two Manufactured Homes and an RV Destroyed in Fire - Redheaded Blackbelt - January 25th, 2021 [January 25th, 2021]
- FEMA Site Will House Survivors of Wildfires - The Skanner - January 25th, 2021 [January 25th, 2021]
- 5 killed in 3 fires in 1 day in Wisconsin; 3 of them children - FOX 6 Milwaukee - January 25th, 2021 [January 25th, 2021]
- A united community demands public water in area near former Grumman site but Navy shows no sign of budging - RiverheadLOCAL - January 25th, 2021 [January 25th, 2021]
- Skyward Specialty Insurance Group Announces the Acquisition of Aegis Surety and Sale of Its XPro Business, Both With K2 Insurance Services - Business... - January 25th, 2021 [January 25th, 2021]
- Widespread vaccinations for COVID-19 coronavirus in Cleveland a long way off because of short supplies - cleveland.com - January 25th, 2021 [January 25th, 2021]
- US Bedding owner: New site in Fall River Sam's Club could create 100 new jobs - Fall River Herald News - January 25th, 2021 [January 25th, 2021]
- India pushes COVID shots in two-pronged effort at home and abroad - Nikkei Asia - January 25th, 2021 [January 25th, 2021]
- Manufactured housing as a solution to affordable housing crisis - Seacoastonline.com - January 20th, 2021 [January 20th, 2021]
- Zacks Industry Outlook Highlights: Mid-America Apartment Communities, American Homes 4 Rent and Preferred Apartment Communities and RealPage - Yahoo... - January 20th, 2021 [January 20th, 2021]
- Notice of Public Hearing | Legal Announcements | newsadvance.com - Lynchburg News and Advance - January 20th, 2021 [January 20th, 2021]
- Plantation Oaks amendments to be heard next week - Ormond Beach Observer - January 20th, 2021 [January 20th, 2021]
- Could you live in this 330-square-foot pod apartment? - BetaBoston - January 3rd, 2021 [January 3rd, 2021]
- What To Watch In Traverse City In 2021 - Traverse City Ticker - January 3rd, 2021 [January 3rd, 2021]
- Severe weather possible New Year's Eve in Tuscaloosa area - Tuscaloosa Magazine - January 3rd, 2021 [January 3rd, 2021]
- Host's Formula Can't Be Copied By Other Coronavirus Horror Movies In 2021 - Screen Rant - January 3rd, 2021 [January 3rd, 2021]
- Funding boosts Highland housing - Finance and Commerce - December 23rd, 2020 [December 23rd, 2020]
- Dozens of permits completed in November | Your Valley - Your Valley - December 23rd, 2020 [December 23rd, 2020]
- What is the Market's View on UMH Properties, Inc (UMH) Stock's Price and Volume Trends - InvestorsObserver - December 23rd, 2020 [December 23rd, 2020]
- TDEC Welcomes Clayton Homes of Bean Station Into Green Star Partnership - tn.gov - December 18th, 2020 [December 18th, 2020]
- Bill Gates-backed electric car battery startup is on the cusp of changing the industry - Report Door - December 18th, 2020 [December 18th, 2020]
- The Fed just pretty much guaranteed that mortgage rates will stay low - Report Door - December 18th, 2020 [December 18th, 2020]
- Esports Entertainment Pushes Further Into Sports Betting, iGaming With Acquisition - Report Door - December 18th, 2020 [December 18th, 2020]
- Comprehensive Analysis on Manufactured Homes Market based on types and applicati - News.MarketSizeForecasters.com - December 4th, 2020 [December 4th, 2020]
- Select Board addressing problem of seasonal occupants staying year round - SouthCoastToday.com - December 4th, 2020 [December 4th, 2020]
- HHS Secretary Azar: Millions Of Covid-19 Vaccines Are Being Manufactured Each Week - Forbes - December 4th, 2020 [December 4th, 2020]
- Manufactured Housing Market Expansion Projected to Gain an Uptick During 2020-2027 - The Haitian-Caribbean News Network - December 4th, 2020 [December 4th, 2020]
- More choosing to live in multi-generational homes over senior living facilities - The Denver Channel - December 4th, 2020 [December 4th, 2020]
- Legacy Housing Corporation Reports 2020 Third Quarter Results - GlobeNewswire - November 21st, 2020 [November 21st, 2020]
- It's time buy these home builder stocks as part of the millennial-driven housing boom, analyst says - MarketWatch - November 21st, 2020 [November 21st, 2020]
- Global Manufactured Housing Market 2019 Trends, Market Share, Industry Size, Opportunities, Analysis and Forecast To 2025 - PRnews Leader - November 21st, 2020 [November 21st, 2020]