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2016 property assessments in the mail

Homeowners can expect find out what their house is worth in the coming days.

BC Assessment says the 2016 property assessment notices are in the mail and most owners in northern BC can expect to see a slight increase compared to last year.

That’s not the case for Granisle and Tumbler Ridge where market values plunged 30% and 34% respectively for a single family home.

Deputy Assessor David Keough says Tumbler Ridge is seeing the effects of a declining resource sector.

Kitimat saw a 12% drop to the average single family home value to $291,000 while Terrace saw decline of 2% in market value to $309,000
Prince Rupert saw its change in value go up by 13% to $251,000 and a bump in sales activity bolstered the value of a single family home in Stewart by 13% to $97,000.  Port Edward saw an 8% increase to $185,000.  Smithers saw a 3% uptick in value to $283,000.

Keough says homeowners with questions or concerns about their assessment can get more information at the BC Assessment website.

Overall, the Northern BC region’s total assessments increased from $57.3 billion in 2015 to $59.5 billion this year.

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