Aerial shot of Vanderhoof, B.C. (Aman Parhar/ Omineca Express)

Vanderhoof sees a two percent increase in assessed property values

Terrace and Kitimat homeowners will see increases of 20 and 40 percent respectively

Vanderhoof properties will see a slight increase in their assessed value according to BC Assessments 2020 property assessments report.

In the next few days, owners of almost 248,000 properties throughout northern B.C. can expect to receive their 2020 assessment notices, which reflect market value as of July 1, 2019.

Across the province, there is a mix of modest increases and decreases compared to last year’s assessments, says Deputy Assessor Jarret Krantz.

READ MORE: B.C. assessed home values to dip 2.5% in 2020

“There are some exceptions such as Terrace and Kitimat where most homeowners will see increases of 20 percent and 40 percent respectively,” he added in a Jan. 2 press release.

Northern B.C.’s assessments overall increased from over $65.4 billion in 2019 to over $69.4 billion this year. The report further states that a total of about $1.06 billion of the region’s updated assessments is from new construction, subdivisions and rezoning of properties.

In Vanderhoof, assessed values for single-family residential homes was up from $226,000 to $231,000 between 2018 and 2019, an overall increase of two percent.

Fort St. James on the other hand, saw a one percent decrease, from $160,000 to $158,000. And Fraser Lake saw a five percent decrease from $133,000 to $126,000.

In comparison, Quesnel saw a 13 percent increase, from $188,000 to $212,000, while Williams Lake saw a seven percent increase from $234,000 to $249,000.

In terms of market trends for strata residential properties such as condos, Prince George saw a five percent increase, from $163,000 to $172,000. In comparison, Kitimat saw a 39 percent increase from $136,000 to $190,000 and Terrace saw a 38 percent increase from $120,000 to $165,000.

One of the top valued properties in Northern B.C. this year it within Williams Lake, an acreage worth $2,220,000.

Property owners can contact BC Assessment toll-free at 1-866-valueBC (1-866-825-8322) between 8:30 a.m. to 5:00 p.m., Monday to Friday or online at bcassessment.ca where they can find a more detailed breakdown of the report.

With files from Patrick Davies, reporter at Williams Lake Tribune.


Aman Parhar
Editor, Vanderhoof Omineca Express

aman.parhar@ominecaexpress.com

Like us on Facebook and follow us on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

“Nature defines my art”: Bethany Giesbrecht, painter

This story is part of a weekly series showcasing artists in the region

Vanderhoofian nominated for the Premier’s Awards

Phil Turgeon has been nominated by the Ministry of Children and Family Development under the Leadership category.

Rio Tinto responds to U.S. aluminum import tariffs

The tariffs were imposed by President Donald Trump Aug. 6

‘GoFundMe’ page created for Vanderhoof women who were in a brutal accident last month

Sasha Mortensen and Jessica Raymond were hit by a pick-up truck July 29, while in an embrace on Keith Road next to Plateau Mill.

Vanderhoof sees a surge of scam callers

Residents have received multiple unknown phone calls from a person claiming to be a representative of the CRA or law enforcement, local mounties said.

53 new COVID-19 cases, no new deaths cap off week of high infection rates in B.C.

Roughly 1,500 people are self-isolating because they either have COVID-19 or have been exposed to it

VIDEO: Internet famous Yukon-based bhangra dancer explores Vancouver Island

Gurdeep Pandher spreads joy through dance, forms cross-cultural connections amid pandemic

Unofficial holidays: the weird and wonderful things people celebrate around the world

On any given day of the year, there are several strange, silly or serious holidays to observe

Moving on: Tanev scores 11 seconds into OT as Canucks oust Wild

Vancouver beats Minnesota 5-4 to move into first round of NHL playoffs

Gene editing debate takes root with organic broccoli, new UBC research shows

Broccoli is one of the best-known vegetables with origins in this scientific haze

VIDEO: U.S. Air Force pilot does fly-by for B.C. son amid COVID border separation

Sky-high father-son visit plays out over White Rock Pier

3 Vancouver police officers test positive for COVID after responding to large party

Union president says other officers are self-isolating due to possible exposure

New mothers with COVID-19 should still breastfeed: Canada’s top doctor

Dr. Theresa Tam made the recommendation during World Breastfeeding Awareness Week

Collapse of Nunavut ice shelf ‘like losing a good friend:’ glaciologist

The ice shelf on the northwestern edge of Ellesmere Island has shrunk 43 per cent

Most Read