Property values up moderately in the Bella Coola Valley in 2015

The Bella Coola – West Coast Assessment Roll increased from $271 million last year to $317 million this year

  • Thu Jan 14th, 2016 7:00am
  • News

The Snootli Rink has been a popular place the past couple weeks with the ice in great shape. These youngsters enjoyed a Hockey Day last week featuring skill building and a good ol' fashioned game.

In the next few days, owners of more than 245,000 properties throughout northern British Columbia can expect to receive their 2016 assessment notices, which reflect market value as of July 1, 2015.

“The Bella Coola – West Coast Assessment Roll increased from $271 million last year to $317 million this year. Of note, a total of $8.6 million was added through subdivisions, rezoning and new construction,” said Deputy Assessor David Keough. “Most home owners in the Bella Coola Valley will see modest changes in the +/- 10% range.”

BC Assessment’s Northern BC region encompasses approximately 70% of the province stretching east to the Alberta border, north to the Yukon border, west to Bella Coola including Haidi Gwaii and ending just north of Clinton.

Interestingly, the most-expensive in the northern B.C. region was a Bella Coola home valued at $2.945 million.

“The majority of residential home owners within the region can expect a slight increase, compared to last year’s assessment,” said Keough. “Most home owners in the Northern BC region will see changes in the 0% to +10% range. However, there are some home owners that will see an increase higher then 10% while others will see a decrease, such as in the communities of Fraser Lake, Granisle and Tumbler Ridge.”

Commercial and Light Industrial property owners in the region will see a similar increase in the range of 0 to +10%.

Overall, the Northern BC region’s total assessments increased from $57.3 billion in 2015 to $59.5 billion this year. A total of almost $1.4 billion of the region’s updated assessments is from new construction, subdivisions and rezoning of properties.

BC Assessment’s Northern BC region encompasses approximately 70% of the province stretching east to the Alberta border, north to the Yukon border, west to Bella Coola including Haidi Gwaii and ending just north of Clinton.

The summary below provides typical examples of average 2015 versus 2016 assessed values of residential single family homes for communities throughout the region:

“Property owners can find a lot of information on our website including answers to many assessment-related questions, but those who feel that their property assessment does not reflect market value as of July 1, 2015 or see incorrect information on their notice, should contact BC Assessment as indicated on their notice as soon as possible in January,” says Keough.

“If a property owner is still concerned about their assessment after speaking to one of our appraisers, they may submit a Notice of Complaint (Appeal) by February 1, for an independent review by a Property Assessment Review Panel,” adds Keough.

The Property Assessment Review Panels, independent of BC Assessment, are appointed annually by the Ministry of Community, Sport and Cultural Development, and typically meet between February 1 and March 15 to hear formal complaints.