Owners of property in Clearwater, Barriere and the rest of the North Thompson Valley are among the more than 71,500 property owners throughout the Thompson area who can expect to receive their 2017 assessment notices during the next few days.
“The majority of residential home owners within the area can expect a modest change in value, compared to last year’s assessment,” says acting regional assessor Graham Held.
Property assessments in District of Clearwater typically changed from -10 per cent to +10 per cent from 2015 to 2016, according to information from BC Assessment.
Property taxes for 2017 will be based on the assessments and so whether a home’s taxes will go up or down will depend on what happened to its assessment.
A typical single family home in Clearwater valued at $212,000 on July 1, 2015 was valued at $219,000 on July 1, 2016.
The market valuation for residential properties went up by 3.66 per cent while for businesses and others it was up by 3.41 per cent.
In District of Barriere, property assessments typically changed from zero per cent to +15 per cent.
A typical home valued at $217,000 on July 1, 2015 was valued at $234,000 on July 1, 2016.
The market valuation for residential properties went up by 3.66 per cent while for businesses and others it was up by 3.41 per cent.
Those seeking information on assessment roll changes in rural jurisdictions need to contact their local assessment office.
As B.C.’s provider of property assessment information, BC Assessment collects, monitors and analyzes property data throughout the year.
Overall, Thompson area’s total assessments increased from $24.14 billion in 2016 to $25.27 billion this year. A total of almost $284 million of the region’s updated assessments is from new construction, subdivisions and rezoning of properties.
BC Assessment’s website at bcassessment.ca includes more details about 2017 assessments, property information and trends such as lists of 2017’s top valued residential properties across the province.
The website also provides self-service access to the free online e-valueBC service that allows anyone to search, check and compare 2017 property assessments anywhere in the province.
“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, 2016 or see incorrect information on their notice, should contact BC Assessment as indicated on their notice as soon as possible in January,” says Held.
“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 Jan. 31, for an independent review by a property assessment review panel,” adds Held.
