Assessment values in Mountain View County have increased in four of five property classes over the past year, the county's policies and priorities committee heard April 2.
According to the 2013 market summary report overall assessments have increased by 4.92 per cent in overall growth, with 2.69 per cent attributed to real growth.
That compares with 2.49 per cent overall growth and 3.73 per cent attributed to real growth in 2012.
Total assessment values increased from $4,178,137,280 to $4,383,659,340, an overall increase of $205,522,060.
Residential values increased by 4.65 per cent, from $1,932,945,370 in 2012 to $2,022,753,720, for an overall increase of $89,808,350.
Non-residential values increased by 6.82 per cent, from $258,062,080 to $275,664,450, for an overall increase of $17,602,370.
Machinery and equipment values increased by 1.34 per cent, from $493,958,250 to $500,596,600, for an overall increase of $6,638,350.
Linear values increased from $1,334,061,480 to $1,425,573,730, for an overall increase of $91,512,250.
Farmland values declined from $159,110,100 to $159,070,840, an overall decrease of $39,260 or 0.02 per cent.
Assessment values are used in determining the tax rate of the municipality.
A special council meeting will be held on April 16 to review the municipality's 2014 operating budget and the 2014 tax rate bylaw.
