B.C. Assessment has released the 2018 property assessments and have identified the highest assessed values from all over the Island. This home at 460 Judges Row in Qualicum Beach is worth $3,928,000. — Lauren Collins photo

Top 10 highest-assessed residential properties in Parksville-Qualicum

B.C. Assessment recently released its 2018 property assessments

Three Nanoose Bay properties made the list of top 100 most expensive residential real estate in Vancouver Island.

B.C. Assessment released its 2018 property assessments and have identified the highest assessed values from all over the Island as of July 1, 2017.

Leading the way in the Parksville Qualicum Beach region is an acreage in the Beachcomber area in Nanoose Bay, on 1365 Dorcas Point Rd., valued at $12,418,000. It is ranked sixth overall behind the highest-ranked valued property in Vancouver Island, James Island, which is worth $53,279,000.

The other Nanoose Bay properties included in the top 100 are 1274 Dorcas Point Road, at $6,722,000, and 1574 Stewart Rd., at $6,331,000.

The only property outside Nanoose Bay that made the top 100 list is a Qualicum Beach waterfront acreage on 821 Eaglecrest Drive carrying a price tag of $6,735,000.

Most of the expensive homes in the Parksville Qualicum Beach region are located in Qualicum Beach, according to B.C. Assessment.

Here are the top valued homes in the region that didn’t make the top 100: 2247 Island Hwy. W, Qualicum Beach ($5,170,000); 2119 Island Hwy. W, Qualicum Beach ($4,847,000); 460 Judges Row, Qualicum Beach ($3,928,000); 382 Judges Row, Qualicum Beach ($3,841,000); 302 Hall Rd., Qualicum Beach ($3,366,000); 323 Hall Rd., Qualicum Beach ($3,311,000); 864 Gaetjen St., Parksville ($2,630,000); 366 Judges Row, Qualicum Beach ($2,549,000); 900 Seacrest Pl., Qualicum Beach ($2,527,000).

Those wishing to see their 2018 assessments can now do so online at www.bcassessment.ca.

Most owners in Parksville Qualicum Beach can expect an increase in the value of their residential properties according to B.C. Assessment. Property values in both municipalities will go up 22 per cent, on average. In Parksville, the benchmark assessment has gone from $361,000 to $440,000, and in Qualicum Beach from $449,000 to $546,00. In rural Oceanside, the average assessed value will go up 19 per cent or from $440,000 to $524,000 on average.

While admitting the soaring values may be alarming and concerning to some property owners, BC Assessor Tina Ireland said in a press release that “increases in property assessments do not automatically translate into a corresponding increase in property taxes.

“How your assessment changes relative to the average change in your community is what may affect your property taxes.”

Those interested may visit BC Assessment’s website at www.bcassessment.ca and use the search function to see their own assessments and others in their neighbourhood. Those with questions or concerns are asked to call B.C. Assessment at 1-866-825-8322.

Send story tips to:

michael.briones@pqbnews.com

Just Posted

Cedar residents protest homeless encampment near Nanaimo River

Residents raise concerns about environmental impact and crime, but offer also assistance

OPINION: It’s important that we exercise our right to vote

If we vote for a competent and collaborative council, the Hub City will thrive, says guest columnist

Discontent City can remain where it is until the end of next month

B.C. Supreme Court judge grants application for an extension to comply with injunction

Clippers bounce back and beat Eagles

Nanaimo defeats Surrey 6-2, next home game is this Sunday, Oct. 21

LETTER TO THE EDITOR: So much for ‘say no to drugs’ in Canada

I’m from the ‘users are losers’ generation, says letter writer

UPDATE: Shots fired at house during fight in Nanaimo

Shots were fired at about 2:30 p.m. Thursday in 500 block of Kennedy Street, say RCMP

Candidates for Nanaimo, Lantzville, RDN, school district

Local government elections are today, Oct. 20

Election 2018: candidate questionnaires

News Bulletin’s questionnaire responses for Nanaimo, Lantzville, school board, regional district

When to vote, where to vote, how to vote

Voting day is Oct. 20, with polls open 8 a.m.-8 p.m.

2018 municipal election: Few surprises on Vancouver Island

16 incumbent mayors will continue in their positions for four more years

Prank pizzas delivered to B.C. mayor on election night

The fake orders happened throughout Victoria mayor’s re-election campaign

Horvat nets OT winner as Canucks beat Bruins 2-1

Young Vancouver star had spirited scrap earlier in contest

Team Canada gold medal winners for first time in world curling championship

Team Canada earned gold in Kelowna at the 2018 Winn Rentals World Mixed Curling Championship

B.C. passenger caught smoking weed in a car issued $230 fine

Saanich police did a field sobriety test on the driver and deemed it safe for him to drive

Most Read