Property assessments for the typical single-family home in Fort St. John have jumped 7% from $308,000 to $329,000 in 2022, according to BC Assessment.
The agency said Tuesday that residents can expect to receive their 2022 property assessment notices in the mail in the next few days.
"All during the pandemic, the real estate market has remained resilient across the province including higher demand throughout Northern BC, which has resulted in higher 2022 assessment values for most homeowners in the region," said Northen BC Deputy Assessor Beau Rossel. “Northern BC property values for most communities are generally up five to 35 percent with only a couple of exceptions."
The property assessments are based on market values as of July 1, 2021, and are used to calculate municipal property taxes.
In Taylor, assessments dropped 4% from $213,000 to $205,000, while the average home in the Northern Rockies jumped 13% from $114,000 to $130,000.
In Hudson’s Hope, assessments were up 6%, from $163,000 to $173,000 year-over-year.
South of the Peace River, the average single-family home in Dawson Creek was up 8%, from $241,000 to $261,000.
In Chetwynd, assessments were up 6% from $232,000 to $245,000.
In Pouce Coupe, assessments were up 9% from $188,000 to $204,000.
In Tumbler Ridge, assessments were up 10% from $132,000 to $145,000.
When it comes to condos and townhouses, assessments in Fort St. John were down 9% year-over-over, from $215,000 to $196,000. In Dawson Creek, assessments were down 1% from $196,000 to $193,000.
Overall, assessment values in Northern B.C. increased from $72 billion in 2021 to $81.7 billion this year. BC Assessment attributes $1.24 billion of that growth to new construction, subdivisions and rezonings.
Homeowners can check their home’s value, as of July 1, 2021, by searching the BC Assessment database here. Property owners have until Jan. 31 to file an appeal of their assessment.
For more, visit bcassessment.ca or call 1-866-825-8322.
Email Managing Editor Matt Preprost at editor@ahnfsj.ca
