PRINCE GEORGE —In the next few days, owners of more than 245,000 properties throughout northern British Columbia can expect to receive their 2016 assessment notices, which reflect market value as of July 1, 2015.
“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 region will see changes in the 0% to +10% range. However, there are some home owners that will see an increase higher then 10% 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 range of 0 to +10%.
Overall, the Northern BC region’s total assessments increased from $57.3 billion in 2015 to $59.5 billion this year. A total of almost $1.4 billion of the region’s updated assessments is from new construction, subdivisions and rezoning of properties.
Vanderhoof’s average single-family dwelling value increased four per cent in value, from $215,000 as of July 1, 2014 to $223,000 on July 1, 2015.
Fraser Lake’s value decreased 19 per cent, from $156,000 to $126,000.
BC Assessment’s Northern BC region encompasses approximately 70% of the province stretching east to the Alberta border, north to the Yukon border, west to Bella Coola including Haida Gwaii and ending just north of Clinton.