The mayor of Sun Peaks says latest assessed values in the village are a little more favorable than he was expecting.

Average assessed values in Sun Peaks dropped two per cent as of July 1, 2019, but Al Raine says that is just the average, and some property owners still saw significant increases.

“Our property, I got a notice saying it would be up 43 per cent this year. But it was undervalued a couple years ago. I thought it was getting back to real values last year, but obviously there’s been higher sales in the past year in our (neighborhood).”

He says that will impact contributions property owners in Sun Peaks make to the Thompson Regional Hospital District.

“As well as schools. I was watching carefully, I noticed in Vancouver prices are down. Which means Vancouver, which has carried a lot of the schools tax in previous years when their prices were up so much, they’ll probably carry a little bit less. Because even Sun Peaks can’t compare to Vancouver prices.”

With the average assessed property value in Sun Peaks at $827,000, Raine says that’s still significantly higher than nearby communities that have similar and slightly larger populations.

As of July 1, 2019, the average assessed values was $246,000 in Barriere, $181,000 in Cache Creek, $305,000 in Chase, $150,000 in Clinton and $160,000 in Lytton.