Fort St. John assessments grow to $3.8 billion in 2016

Assessment values for properties in Fort St. John grew by more than 12 per cent for the upcoming tax season, according to information presented to council.

Council is set to discuss the city's capital and operating budgets for 2016 at Monday's meeting.

article continues below

According to presentation materials, residential properties made up the bulk of the city's 2016 assessments, at about $2.7 billion of $3.8 billion in total assessed values

Residential properties were worth about $2.4 billion of the $3.4 billion total assessed values in 2015.

This is a 10 per cent jump for homes, while assessments for all types of properties went up by 12.57 per cent.

Assessments for major industrial properties saw an increase to $34,448,100, a jump of $291,000 from 2015.

Light industrial properties saw a slight drop, from $17,313,900 to $17,253,600 year over year.

Recreation and non-profit assessments nearly doubled from about $2.38 million in 2015 to about $4.7 million this year.

Assessments for single-family homes grew by about $200 million from 2015 values of about $2 billion, or an increase of about 10 per cent. The average home grew in assessment from $379,864 in 2015 to $403,430 this year.

These assessed values matter as the city prepares to set municipal tax rates in April.

reporter@ahnfsj.ca

© Copyright Alaska Highway News

Comments

NOTE: To post a comment you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Google+ You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The Alaska Highway News welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

comments powered by Disqus

Popular News

Lowest Gas Prices in Chetwynd, Dawson Creek, Fort Nelson, Fort St John, Tumbler Ridge
British Columbia Gas Prices provided by GasBuddy.com

Community Event Calendar


Find out what's happening in your community and submit your own local events.