A homeowner’s association in West Kelowna is asking the B.C. Assessment Authority to justify what it says seems to be an increasingly random method of property valuation.
West Kelowna Residents’ Association director Carl Zanon has spent years charting the anomalies in property assessments across Westside neighborhoods.
He noted within a block of 20 homes, the range from high to low property values was significant.
Zanon appealed the assessment in the case of his own home in 2010.
He said the West Kelowna average property value dropped four per cent, B.C. Assesment’s estimate of the value of his property shot up just under 15 per cent.
“I was almost three times higher than the rest of the street,” said Zanon, husband of West Kelowna municipal Coun. Carol Zanon.
He said he looked at 12 different properties across the Westside and said there are still anomalies this year, with no consistency within several neighborhoods.
He noted one of the association’s goals is to change the current assessment system, a system it believes is flawed.
Zanon said the seemingly unexplained variations in property assessments shows the assessment authority has a lack of overview of property values across neighborhoods.
He noted there should be more oversight to make sure that assessments make sense compared to similar properties around them.
“We feel they’re failing.”
Zanon noted another property that he looked at on Chancellor Place saw a 25 per cent reduction against the four per cent average. Most of the properties examined are classed as standard houses.
Other members of the association have also noticed the anomalies.
Last February, the association contacted B.C. Assessment in an effort to have its concerns heardbut have seen little action since then. Deputy assessor at the time, Reuben Danakody, noted two of the properties referred to in the association’s data were also the subject of appeals by the owners.