PRINCE GEORGE, B.C. — Homeowners in Fort St. John and the rest of Northern B.C. can expect to receive their 2016 assessment notices, which reflect the market value of their property as of July 1, 2015., very soon.
The average single-family dwelling in Fort St. John went up six per cent — from $381,000 to $405,000 in one year.
According to the report, the Peace Region also holds the municipalities that saw the greatest increase and decreased in assessment figures.
Taylor saw the biggest percentage increase in the Peace Region with 16 per cent — from $311,000 to $361,000. The most drastic decrease for the region was Tumbler Ridge, down 34 per cent. The average single-family home after the 2015 assessments were listed as $210,000, and the average this year was $138,000.
Nearby, Dawson Creek’s assessment saw a small two per cent increase — from $256,000 to $260,000. Neighbouring village Pouce Coupe had a one per cent decrease; homes went from $213,000 to $211,000. In the opposite way, Hudson’s Hope went up one per cent to $198,000, from the previously assessed value of $196,000. The average residential home in Chetwynd went up eight per cent, from $232,000 to $248,000.
The Northern Rockies region, as a whole, saw a four per cent decrease. The average home in Fort Nelson and the surrounding region is valued at $265,000, from $276,000.
BC Assessment says Northern B.C.’s total assessment value increased from $57.3 billion in 2015 to $59.5 billion this year, overall, equaling to a $2.2 billion increase. Almost $1.4 billion of that is from new construction, subdivisions, and rezoning of properties.
Deputy Assessor David Keough notes the majority of homes within the region can expect a slight increase, compared to the last assessment.
“Most home owners in the Northern BC region will see changes in the zero per cent to the over 10 per cent range,” he said.
“However, there are some home owners that will see an increase higher then 10 per cent while others will see a decrease, such as in the communities of Fraser Lake, Granisle and Tumbler Ridge.”
Commercial and Light Industrial property owners in the region will see a similar increase in the same range.
Keough says property owners who feel that their property assessment does not reflect market value as of July 1, 2015 or see incorrect information on their notice, should contact BC Assessment as indicated on their notice as soon as possible in January.
“If a property owner is still concerned about their assessment after speaking to one of our appraisers, they may submit a Notice of Complaint (Appeal) by February 1, for an independent review by a Property Assessment Review Panel,” he adds.
BC Assessment’s Northern B.C. region covers about 70 per cent of the province, stretching east to the Alberta border, north to the Yukon border, west to Bella Coola including Haidi Gwaii and ending just north of Clinton.