BC Assessment says northerners can expect to receive their 2021 assessment notices in the mail in the next few days.
"For most of Northern B.C.'s homes, there has been a moderate increase compared to last year's assessments." Deputy Assessor Jarret Krantz said in a news release. "In some instances, there has been a larger increase in rural areas within the region, particularly with lakefront properties."
The property assessments are based on market values as of July 1, 2020, and are used to calculate municipal property taxes.
Assessments for the average single-family home in Fort St. John dropped from $313,000 to $308,000 year-over year, or a decline of 2%.
In Taylor, the same assessment dropped from $218,000 to $213,000 (-2%), and the average home in Fort Nelson jumped from $103,000 to $115,000 (12%).
Homeowners in Hudson’s Hope will see average assessments down by 1%, from $166,000 to $164,000 year-over-year.
South of the Peace River, the average single-family home in Dawson Creek remained unchanged at $241,000 for 2020.
In Chetwynd, home values jumped from $216,000 to $232,000, up 8%.
In Pouce Coupe, home values declined from $189,000 to $187,000, down 1%.
In Tumbler Ridge, average home values declined 2% from $135,000 to $132,000.
Overall, assessment values in northern B.C. increased by $4 billion, from $69 billion in 2020 to $72 billion this year due to new construction, subdivisions and rezonings, BC Assessment said.
Property owners have until Jan. 31 to file an appeal of their assessment.
For more, visit bcassessment.ca or call 1-866-825-8322.
Email Managing Editor Matt Preprost at email@example.com.