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Prince George property values up by 6.29 per cent

In the next few days, owners of more than 246,000 properties throughout the Northern BC region can expect to receive their 2017 assessment notices which reflect market value as of July 1, 2016.

As B.C.’s provider of property assessment information, BC Assessment collects, monitors and analyzes property data throughout the year.

“The majority of residential home owners within the region can expect a slight increase, compared to last year’s assessment,” says Deputy Assessor David Keough, in a press release. “Most home owners in the Northern BC region will see changes in the zero per cent to +10 per cent range.”

Some home owners will see increases or decreases outside of this range:

  • Granisle in the area of -20%
  • Northern Rockies Region (Fort Nelson) in the area of -50%
  • Fort St. John in the area of -5%
  • Taylor in the area of -5%
  • Port Edward in the area of +15%
  • Kitmat in the area of -5%
    • values have continued to decrease beyond the valuation date of July 1, 2016

Commercial property owners in the region will see a similar increase in the range of 0 – 10 per cent. Some commercial property owners will see increases or decreases outside of this range:

  • Kitimat in the area of -10%
  • Masset in the area of +16%
  • Northern Rockies Region (Fort Nelson) in the area of -25%
  • Port Clements in the area of -11%
  • Queen Charlotte in the area of +19%
  • Stewart in the area of +15%
  • Valemount vacant commercial land over +50%

Overall,  the Northern BC Region’s total assessments increased from $59.2 billion in 2016 to $60.3 billion this year which equates to a 1.9 per cent increase in the assessment roll. A total of almost $800 million of the region’s updated assessments is from new construction, subdivisions and rezoning of properties.

The Northern BC region encompasses approximately 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 to the south just before Clinton.

The  following summary provides the average 2016 and 2017 assessed values of single family residential homes throughout the region:

Average Single-Family Dwelling Assessed Value ​ ​ ​
Communities 2016 2017 % Change In Value
100 Mile House $199,000 $215,000 7.44%
Burns Lake $133,000 $139,000 4.32%
Chetwynd $248,000 $258,000 3.88%
Dawson Creek $260,000 $261,000 0.38%
Fort St James $164,000 $172,000 4.65%
Fort St John $404,000 $387,000 -4.39%
Fraser Lake $125,000 $124,000 -0.81%
Granisle $50,000 $42,000 -19.05%
Hazelton $106,000 $108,000 1.85%
Houston $143,000 $160,000 10.63%
Hudson’s Hope $198,000 $199,000 0.50%
Kitimat $290,000 $277,000 -4.69%
Mackenzie $153,000 $163,000 6.13%
Masset $124,000 $124,000 0.00%
McBride $137,000 $140,000 2.14%
New Hazelton $128,000 $137,000 6.57%
Northern Rockies RM $265,000 $179,000 -48.04%
Port Clements $83,000 $85,000 2.35%
Port Edward $189,000 $222,000 14.86%
Pouce Coupe $205,000 $213,000 3.76%
Prince George $268,000 $286,000 6.29%
Prince Rupert $244,000 $260,000 6.15%
Queen Charlotte $166,000 $175,000 5.14%
Quesnel $186,000 $194,000 4.12%
Smithers $282,000 $287,000 1.74%
Stewart $101,000 $105,000 3.81%
Taylor $356,000 $337,000 -5.64%
Telkwa $223,000 $227,000 1.76%
Terrace $309,000 $309,000 0.00%
Tumbler Ridge $138,000 $146,000 5.48%
Valemount $174,000 $192,000 9.38%
Vanderhoof $222,000 $224,000 0.89%
Wells $75,000 $75,000 0.00%
Williams Lake $223,000 $235,000 5.11%

*2016 – Average Single Family Dwelling Revised Roll

*2017 – Average Single Family Dwelling Complleted Roll *

 

BC Assessment’s website at bcassessment.ca includes more details about 2017 assessments, property information and trends such as lists of 2017’s top valued residential properties across the province. The website also provides self-service access to the free online e-valueBC service that allows anyone to search, check and compare 2017 property assessments anywhere in the province.

“Property owners can find a lot of information on our website including answers to many assessment-related questions, but those who feel that their property assessment does not reflect market value as of July 1, 2016 or see incorrect information on their notice, should contact BC Assessment as indicated on their notice as soon as possible in January,” says Keough.

“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 January 31st, for an independent review by a Property Assessment Review Panel,” adds Keough.

The Property Assessment Review Panels, independent of BC Assessment, are appointed annually by the Ministry of Community, Sport and Cultural Development, and typically meet between February 1 and March 15 to hear formal complaints.

The Northern BC Region Assessment offices are located at:

Prince George Office –  #200 – 1488 4th Ave, Prince George, BC V2L 4Y2

Dawson Creek Office – #1112 – 103rd Ave,  Dawson Creek   V1G 4R7

Terrace Office – #100 – 4545 Lazelle Ave, Terrace, BC V8G 4E1

Williams Lake Office – #202 – 350 Barnard St., Williams Lake, BC V2G 4T9

During the month of January, office hours are 8:30 a.m. to 5:00 p.m., Monday to Friday. Property owners can contact BC Assessment toll-free at 1-866-valueBC (1-866-825-8322) or online at bcasssessment.ca

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