Carlos Resendes, senior manager valuation at Property Valuation Services (PVS), says the residential “year-over-year” change for the town reflects a decrease of 2.9 per cent.
“That is a general trend for the town,” he said.
Residential assessments in Barrington and several other communities also dropped (based on sales in the area.)
Although there are several factors taken into consideration, Resendes says assessments are derived (in great part) from sales in the market.
“The evaluation that people receive in the mail is a snapshot of market value as of Jan. 1, 2014. When we look at that snapshot date, we look at sales from July 1, 2013 to June 30, 2014 to come up with a value right in the middle,” he said.
PVS staff analyzed and monitored 35,000 to 40,000 sales across the province.
Resendes says there were 45 residential sales in the Town of Yarmouth during the assessed time period. In the Municipality of Yarmouth there were 137 sales. Generally, residential property assessments in the province rose 1.5 per cent. Property Valuation Services assessed 615,395 properties in the province.
Mike Randall, a realtor with the Real Estate Store, says his sales have been consistent.
“I would say the total volume of sales in late 2014 and 2015 hasn’t changed.
His market encompasses Digby, Yarmouth and Shelburne counties.
Richard LeBlanc, Victory Realtor broker/owner, says his sales have also remained consistent over the last three years.
“We had a marginally better year last year over the previous year, but it wasn’t significant,” he said.
3 things to know
Owners have 31 days to appeal their assessment (deadline Feb. 8) but are encouraged to call first at 800-380-7775 to discuss it with an experienced assessment evaluator.
Property owners can visit the website and enter the PIN number and AAN from the assessment notice they received in the mail to see all of the elements listed for their property.
Visitors can also manoeuvre around the website’s map to click on other properties in the neighbourhood (and beyond) to see their assessments.
Carlos Resendes, senior manager valuation at Property Valuation Services (PVS), says the residential “year-over-year” change for the town reflects a decrease of 2.9 per cent.
“That is a general trend for the town,” he said.
Residential assessments in Barrington and several other communities also dropped (based on sales in the area.)
Although there are several factors taken into consideration, Resendes says assessments are derived (in great part) from sales in the market.
“The evaluation that people receive in the mail is a snapshot of market value as of Jan. 1, 2014. When we look at that snapshot date, we look at sales from July 1, 2013 to June 30, 2014 to come up with a value right in the middle,” he said.
PVS staff analyzed and monitored 35,000 to 40,000 sales across the province.
Resendes says there were 45 residential sales in the Town of Yarmouth during the assessed time period. In the Municipality of Yarmouth there were 137 sales. Generally, residential property assessments in the province rose 1.5 per cent. Property Valuation Services assessed 615,395 properties in the province.
Mike Randall, a realtor with the Real Estate Store, says his sales have been consistent.
“I would say the total volume of sales in late 2014 and 2015 hasn’t changed.
His market encompasses Digby, Yarmouth and Shelburne counties.
Richard LeBlanc, Victory Realtor broker/owner, says his sales have also remained consistent over the last three years.
“We had a marginally better year last year over the previous year, but it wasn’t significant,” he said.
3 things to know
Owners have 31 days to appeal their assessment (deadline Feb. 8) but are encouraged to call first at 800-380-7775 to discuss it with an experienced assessment evaluator.
Property owners can visit the website and enter the PIN number and AAN from the assessment notice they received in the mail to see all of the elements listed for their property.
Visitors can also manoeuvre around the website’s map to click on other properties in the neighbourhood (and beyond) to see their assessments.
