ASSESSMENT NOTICES SENT TO PROPERTY OWNERS IN VERNON AND COLDSTREAM
Overall, Vernon and Coldstream’s assessment roll increased from $5.75 billion to $7.25 billion and $1.72 billion to $2.15 billion respectively this year. The assessment roll for the Vernon rural area increased from $2.05 billion to $2.47 billion this year. This kind of growth reflects changing market values for many properties but also includes subdivisions, rezoning and new construction.
The examples below demonstrate local market trends for a typical single family dwelling by a geographic area; trends are affected by many variables.
Location/Jurisdiction-------------2007------2008
Vernon/ Middleton Mountain $382,000- $479,000 25.39% Increase
Coldstream/ Tassie Drive------ $368000 - $445,000 20.92% Increase
BX Area/MacDonald Road---- $350,000- $432,000 23.42% Increase
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