Courtesy of the BC Assessment Authority:
In the next few days, owners of more than 247,000 properties throughout the Northern BC region can expect to receive their 2018 assessment notices which reflect market value as of July 1, 2017.
"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. "Most home owners in the Northern BC will see changes in the -5% to +5% range."
Some home owners will see increases or decreases outside of this range:
Granisle in the area of +30%
Valemount in the area of +20%
Kitimat in the area of -20%
Commercial property owners in the region will see a similar increase in the range of 0 to 10%. Some commercial property owners will see increases or decreases outside of this range:
Northern Rockies Regional Municipality in the area of -20%
Valemount in the area of +20%
Dawson Creek in the area of -10%
Pouce Coupe in the area of -10%
Taylor in the area of -10%
As B.C.'s trusted provider of property assessment information, BC Assessment collects, monitors and analyzes property data throughout the year.
Overall, the Northern BC region's total assessments increased from $60.3 billion in 2017 to $61.8 billion this year. Approximately $1.5 billion 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 north of Clinton.
In the Cariboo-Chilcotin Region:
100 Mile House - Up 3.4% vs 2017 Property Assessments
Williams Lake - Up 4.0% vs 2017 Property Assessments
Quesnel - Up 3.8% vs 2017 Property Assessments
Wells - Up 20.1% vs 2017 Property Assessments
BC Assessment's website at bcassessment.ca includes more details about 2018 assessments, property information and trends such as lists of 2018's top valued residential properties across the province. The website also provides self-service access to a free, online property assessment search service that allows anyone to search, check and compare 2018 property assessments for 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, 2017 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 opportunity to present their information in front of the Property Assessment Review Panel for an independent, third-party review," adds Keough.
The Property Assessment Review Panels, independent of BC Assessment, are appointed annually by the Ministry of Municipal Affairs and Housing, and typically meet between February 1 and March 15 to hear formal complaints.
Williams Lake Office - #202 – 350 Barnard Street
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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