FORT ST. JOHN, B.C. – Around 250,000 property owners in Northern BC will receive their 2021 assessment notices in the mail this week, reflecting market value as of July 1st, 2021.
According to BC Assessment, the value of homes in Fort St. John in 2022 increased seven per cent to $329,000 from $308,000 in 2021.
“Throughout 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 Northern 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 assessed value of Taylor homes dropped four per cent from $213,000 to $205,000. Dawson Creek values were up eight per cent from $241,000 to $261,000.
The value of Chetwynd single-family homes increased by six per cent at $245,000, compared to $232,000 last year.
Hudson’s Hope assessments increased six per cent at $173,000, compared to $173,000 in 2021. Tumbler Ridge values were up 10 per cent from $132,000 to $145,000.
The assessments in the Northern Rockies saw a considerable increase at 13 per cent. Single-family homes in Fort Nelson were valued at $130,000, compared to $114,000 last year.
Strata homes, such as condos and townhouses, in Fort St. John were down nine per cent from $215,000 to $196,000. Dawson Creek assessments saw a one per cent decrease at $196,000, down $3,000 from last year.
Overall, Northern BC’s total assessments increased from over $72 billion in 2021 to over $81.7 billion this year. BC Assessment says about $1.24 billion was due to new construction, subdivisions and the rezoning of properties.
Homeowners have until January 31st to file an appeal of their assessment.
More information on property assessments can be found at bcassessment.ca.