2015 Property Assessments Out!

BC Assessment Authority has released their 2015 Property Assessments.  By region, they are:

North Cariboo (Quesnel/Wells):

“Most homes in the City of Quesnel are remaining stable in value compared to last year’s
Assessment Roll, while home owners in the District of Wells have experienced a slight
overall increase,” said Darin Johnson, Deputy Assessor. “Most home owners in Quesnel
will see modest changes in the +/- 5% range. Homes in the District of Wells will typically
see a change from -5% to 10%.”

Overall, the Quesnel Assessment Roll increased from $1.135 billion last year to $1.139
billion this year. Of note, a total of almost $6.3 million was added through subdivisions,
rezoning and new construction.

For the District of Wells, the Assessment Roll saw a decrease from $32 million last year to
$31 million this year. Despite this decrease, a total of almost $115,000 was added to the
roll including subdivisions, rezoning and new construction.

Williams Lake:

“Most homes in Williams Lake are remaining stable in value compared to last year’s
Assessment Roll,” said Darin Johnson, Deputy Assessor. “Most home owners in Williams
Lake will see modest changes in the +/- 5% range.”

Overall, the City of Williams Lake Assessment Roll increased from $1.25 billion last year to
$1.27 billion this year. Of note, a total of almost 9.4 million was added through
subdivisions, rezoning and new construction.

100 Mile House:

“Most homes in the District of 100 Mile House will see a slight decrease in value compared
to last year’s Assessment Roll,” said Darin Johnson, Deputy Assessor. “Typical changes
will be in the -10% to 5% range.”

Overall, the District of 100 Mile House Assessment Roll decreased from $283,520,995 last
year to $280,339,752 this year. Despite this decrease, a total of almost $970,000 was
added to the roll including subdivisions, rezoning and new construction.

“Property owners who feel that their property assessment does not reflect market value as
of July 1, 2014 or see incorrect information on their notice should contact BC Assessment
as indicated on their notice as soon as possible in January,” said Johnson.

“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 2, for an
independent review by a Property Assessment Review Panel,” added Johnson.

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 Cariboo assessment office is located at Suite 202 – 350 Barnard Street in Williams
Lake. 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 by clicking “CONNECT” at www.bcassessment.ca.