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Vanderhoof single-family home values up 1%: BC Assessment

If you haven’t received your assessment notice in the mail yet, expect it any day.

BC Assessment reports the average single-family home value in Vanderhoof is now $224,000 after a 0.89% increase from last year. Fort St. James is up from $164,000 to $172,000, a boost of 4.65%. Fraser Lake is one of few northern communities to see a decrease in value from last year; the average homes there are now $124,000 after a drop of 0.81%.

It also found that, overall, the Northern region’s total assessment roll has gone by 1.9%. That equates to an increase from $59.2 billion last year to $60.3 billion this year. Deputy Assessor David Keough notes the bump is likely due to new construction, subdivisions, and rezoning of properties.

Once you get your letter, Keough suggests double checking your value using a tool on the BC assessment website.

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“They can pull up their assessment and also compare their assessment to neighbouring properties in the area, and also compare it to the sold properties which we use to come up with the new assessments every year.”

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The total number of properties on the 2017 roll is 2,017,364, about a 1% boost from last year.

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