Comox Valley Assessed Values

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Comox Valley Assessed Values

2007

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TABLE OF CONTENTS (3)

Introduction

(4)

Comox Valley Assessed Values and Property Occurrences

(6)

City of Courtenay Assessed Values and Property Occurrences

(8)

Town of Comox Assessed Values and Property Occurrences

(10) Village of Cumberland Assessed Values and Property Occurrences (12) Courtenay Rural Assessed Values and Property Occurrences (14) Growth and Decline

INTRODUCTION The tables and information contained in this report are based off of revised roll copy information provided to the Comox Valley Economic Development Society from the BC Assessment Authority. The following disclaimer speaks to the accuracy of the information contained in the revised roll copy. This information is obtained from various sources and is determined as of specific dates set out in the assessment act. As a result, the BC Assessment Authority cannot warrant that it is current or accurate, and provides it for your convenience only use of this information without verification from original sources is at your own risk. (BC Assessment Authority) The following BC Assessment jurisdictions representing the Comox Valley are contained in Assessment Area 06 Courtenay, and are outlined throughout this report. o o o o

Jurisdiction Jurisdiction Jurisdiction Jurisdiction

204 412 516 771

– – – –

City of Courtenay Town of Comox Village of Cumberland Courtenay Rural

Different classes of properties in this report relate directly to the classification of property prescribed under the Assessment Act and are as follows. 1. 2. 3. 4. 5. 6. 7. 8. 9.

Residential Utilities Unmanaged forest land Major industry Light industry Business & other Managed forest land Recreation property / non-profit organization Farm

The following report portrays information on growth and decline of property value and occurrence in the Comox Valley and provides for comparison in time and jurisdictions. Therefore, it will allow for trend analysis and form an information base for future comparisons.

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Comox Valley Property Assessed Values and Occurrences Assessed Property Values by BC Assessment Property Type: Property Type Total RES Utilities Unmng'd Forest Major Industry Light Industry Business/other Managed Forest Rec/Non-profit Farm Total

1991 $1,562,589,791 $202,013,531 $2,983,218 $1,874,251 $5,544,200 $393,867,585 $75,860,079 $28,499,800 $22,616,911 $2,295,849,366

1996 $3,775,379,575 $222,583,942 $151,200 $5,609,500 $13,395,947 $743,183,443 $123,763,332 $84,169,300 $23,631,590 $4,991,867,829

2001 $3,550,053,181 $197,466,800 $2,919,600 $6,365,800 $15,991,247 $816,986,272 $145,954,040 $89,161,600 $23,012,900 $4,847,911,440

2006 $6,842,448,611 $218,258,581 $6,468,000 $24,024,647 $1,158,693,476 $162,852,679 $136,884,900 $23,795,241 $8,573,426,105

2007 $8,249,123,418 $227,137,372 $325,500 $26,855,997 $1,273,605,303 $169,472,580 $175,078,900 $24,914,076 $10,146,513,446

Total Assessed Value of the Comox Valley

$12,000,000,000 $10,000,000,000 $8,000,000,000 $6,000,000,000 $4,000,000,000 $2,000,000,000 $0

1991

1996

2001

2006

2007

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Property Occurrences by BC Assessment Property Type: Property Type Total RES Utilities Unmng'd Forest Major Industry Light Industry Business/other Managed Forest Rec/Non-profit Farm Total

1991 20,832 169 7 2 80 1,121 332 170 636 23,349

1996 25,519 224 2 4 101 1,354 338 181 622 28,345

2001 26,696 243 9 4 96 1,516 343 236 646 29,789

2006 28,136 232 4 103 1,708 350 266 655 31,458

2007 28,963 244 2 101 1,643 357 293 693 32,324

Total Property Occurrences in the Comox Valley 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0

1991

1996

2001

2006

2007

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City of Courtenay Property Assessed Values and Occurrences Assessed Property Values by BC Assessment Property Type: Property Type Total RES Utilities Unmng'd Forest Major Industry Light Industry Business/other Managed Forest Rec/Non-profit Farm Total

1991 $335,424,250 $7,184,940 $1,874,251 $314,100 $136,393,484 $6,337,200 $80,910 $487,609,135

1996 $938,485,300 $18,967,400 $5,065,900 $1,796,500 $358,513,852 $26,310,800 $14,590 $1,349,154,342

2001 $893,462,689 $22,663,700 $5,898,700 $1,743,200 $371,670,936 $27,048,400 $95,100 $1,322,582,725

2006 $1,859,628,836 $27,114,306 $5,679,700 $1,926,000 $584,857,600 $34,612,400 $662,342 $2,514,481,184

2007 $2,257,259,241 $27,720,206 $2,306,000 $661,966,900 $41,986,800 $667,213 $2,991,906,660

Total Assessed Value of the City of Courtenay

$3,000,000,000 $2,500,000,000 $2,000,000,000 $1,500,000,000 $1,000,000,000 $500,000,000 $0

1991

1996

2001

2006

2007

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Property Occurrences by BC Assessment Property Type: Property Type Total RES Utilities Unmng'd Forest Major Industry Light Industry Business/other Managed Forest Rec/Non-profit Farm Total

1991 4,386 13 2 2 586 50 6 5,045

1996 7,346 13 2 5 776 62 5 8,209

2001 7,964 14 2 4 830 94 4 8,912

2006 9,312 20 2 4 934 110 11 10,397

2007 9,770 24 4 958 115 12 10,911

Total Property Occurrences in the City of Courtenay

12,000 10,000 8,000 6,000 4,000 2,000 0

1991

1996

2001

2006

2007

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Town of Comox Property Assessed Values and Occurrences Assessed Property Values by BC Assessment Property Type: Property Type Total RES Utilities Unmng'd Forest Major Industry Light Industry Business/other Managed Forest Rec/Non-profit Farm Total

1991 $292,110,650 $2,554,773 $102,000 $52,204,700 $6,818,400 $30,594 $353,821,117

1996 $631,986,300 $6,619,400 $49,900 $226,121,791 $18,853,600 $1,700 $883,632,691

2001 $627,882,551 $8,421,100 $40,200 $269,746,430 $18,144,900 $1,700 $924,236,881

2006 $1,221,733,330 $9,995,800 $35,300 $363,664,100 $225,000 $29,366,600 $1,704 $1,625,021,804

2007 $1,501,295,481 $10,369,200 $37,500 $400,318,300 $38,890,700 $46,002 $1,950,957,183

Total Assessed Value of the Town of Comox

$2,000,000,000 $1,800,000,000 $1,600,000,000 $1,400,000,000 $1,200,000,000 $1,000,000,000 $800,000,000 $600,000,000 $400,000,000 $200,000,000 $0

1991

1996

2001

2006

2007

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Property Occurrences by BC Assessment Property Type: Property Type Total RES Utilities Unmng'd Forest Major Industry Light Industry Business/other Managed Forest Rec/Non-profit Farm Total

1991 3,100 5 1 122 34 3 3,265

1996 3,987 6 1 141 39 1 4,175

2001 4,328 6 1 198 44 1 4,578

2006 4,738 7 1 206 1 52 1 5,006

2007 5,007 7 1 212 57 3 5,287

Total Property Occurrences in the Town of Comox 6,000 5,000 4,000 3,000 2,000 1,000 0

1991

1996

2001

2006

2007

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Village of Cumberland Property Assessed Values and Occurrences Assessed Property Values by BC Assessment Property Type: Property Type Total RES Utilities Unmng'd Forest Major Industry Light Industry Business/other Managed Forest Rec/Non-profit Farm Total

1991 $45,037,570 $870,220 $454,200 $10,473,500 $245,267 $410,900 $11,360 $57,503,017

1996 $106,693,300 $2,142,400 $1,224,200 $26,666,900 $274,000 $983,000 $11,300 $137,995,100

2001 $96,712,400 $2,555,100 $4,585,800 $27,654,300 $362,100 $1,096,000 $11,300 $132,977,000

2006 $187,702,807 $3,627,175 $6,235,400 $41,679,600 $3,872,100 $1,751,000 $11,360 $244,879,442

2007 $239,115,807 $3,664,275 $7,431,600 $48,871,415 $3,853,600 $3,328,700 $11,360 $306,276,757

Total Assessed Value of the Village of Cumberland $350,000,000 $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $0

1991

1996

2001

2006

2007

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Property Occurrences by BC Assessment Property Type: Property Type Total RES Utilities Unmng'd Forest Major Industry Light Industry Business/other Managed Forest Rec/Non-profit Farm Total

1991 898 4 7 66 2 7 1 985

1996 1,001 5 7 80 1 6 1 1,101

2001 1,035 6 7 87 2 7 1 1,145

2006 1,127 12 16 91 16 10 1 1,273

2007 1,163 11 16 91 20 12 1 1,314

Total Property Occurrences in the Village of Cumberland 1400 1200 1000 800 600 400 200 0

1991

1996

2001

2006

2007

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Courtenay Rural Property Assessed Values and Occurrences Assessed Property Values by BC Assessment Property Type: Property Type Total RES Utilities Unmng'd Forest Major Industry Light Industry Business/other Managed Forest Rec/Non-profit Farm Total

1991 $890,017,321 $191,403,598 $2,983,218 $4,673,900 $194,795,901 $75,614,812 $14,933,300 $22,494,047 $1,396,916,097

1996 $2,098,214,675 $194,854,742 $151,200 $493,700 $10,375,247 $131,880,900 $123,489,332 $38,021,900 $23,604,000 $2,621,085,696

2001 $1,931,995,541 $163,826,900 $2,919,600 $426,900 $9,662,247 $147,914,606 $145,591,940 $42,872,300 $22,904,800 $2,468,114,834

2006 $3,573,383,638 $177,521,300 $753,000 $15,863,247 $168,492,176 $158,755,579 $71,154,900 $23,119,835 $4,189,043,675

2007 $4,251,452,889 $185,383,691 $288,000 $17,118,397 $162,448,688 $165,618,980 $90,872,700 $24,189,501 $4,897,372,846

Total Assessed Value of Courtenay Rural

$5,000,000,000 $4,500,000,000 $4,000,000,000 $3,500,000,000 $3,000,000,000 $2,500,000,000 $2,000,000,000 $1,500,000,000 $1,000,000,000 $500,000,000 $0

1991

1996

2001

2006

2007

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Property Occurrences by BC Assessment Property Type: Property Type Total RES Utilities Unmng'd Forest Major Industry Light Industry Business/other Managed Forest Rec/Non-profit Farm Total

1991 12,448 147 7 70 347 330 79 626 14,054

1996 13,185 200 2 1 89 357 337 74 615 14,860

2001 13,369 217 9 1 85 401 341 91 640 15,154

2006 12,959 193 1 83 477 333 94 642 14,782

2007 13,023 202 1 81 382 337 109 677 14,812

Total Property Occurrences in Courtenay Rural 15,200 15,000 14,800 14,600 14,400 14,200 14,000 13,800 13,600 13,400

1991

1996

2001

2006

2007

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Growth and Decline Residential Property percentage change in assessed value:

Jurisdiction Courtenay Rural Courtenay Comox Cumberland

1991-1996 136% 180% 116% 137%

1996-2001 -8% -5% -1% -9%

2001-2006 70% 90% 76% 84%

Percentage Change in Assessed Value Courtenay Rural Courtenay Comox Cumberland

180% 160% 140% 120% 100% 80% 60% 40% 20% 0% -20% 1991-1996

1996-2001

2001-2006

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Residential Property percentage change in the number of occurrences:

Jurisdiction Courtenay Rural Courtenay Comox Cumberland

1991-1996 6% 67% 29% 11%

1996-2001 1% 8% 9% 3%

2001-2006 -2% 17% 9% 11%

Percentage Change in Property Occurrences Courtenay Rural Courtenay Comox Cumberland

70% 60% 50% 40% 30% 20% 10% 0% -10% 1991-1996

1996-2001

2001-2006

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Change in Assessed Values for the Comox Valley Property Type Total RES Utilities Unmng'd Forest Major Industry Light Industry Business/other Managed Forest Rec/Non-profit Farm Total

1991-1996 142% 10% -95% 199% 142% 89% 63% 195% 4% 117%

1996-2001 -6% -11% 1831% 13% 19% 10% 18% 6% -3% -3%

2001-2006 93% 11% -100% -2% 50% 42% 12% 54% 3% 77%

Change in Property Occurrences for the Comox Valley Property Type Total RES Utilities Unmng'd Forest Major Industry Light Industry Business/other Managed Forest Rec/Non-profit Farm Total

1991-1996 22% 33% -71% 100% 26% 21% 2% 6% -2% 21%

1996-2001 5% 8% 350% 0% -5% 12% 1% 30% 4% 5%

2001-2006 5% -5% -100% 0% 7% 13% 2% 13% 1% 6%

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