Vanderhoof property assessments rise by 5% in 2025

Homeowners in Vanderhoof can expect to see their 2025 assessment notices in the next few days.

According to BC Assessment, the typical value of single-family homes in the district for this year is $335,000, a five percent spike when compared to 2024 ($319,000).

In Fort Saint James, single-family units saw a three-percent spike going from $207,000 to 214-grand.

Deputy Assessor, Teria Penner told Vista Radio anyone who disagrees with the value of their home or property can go online and get in touch with a representative.

“If after doing that, we would encourage anybody to give us a call at 1-866-825-8322. We do have appraisers available online or by phone that they can contact us and work through those questions.”

“These assessed values are based on what the sales are doing around July 1st, 2024. Anything that is occurring in the market now is going to be outside what BC Assessment values are – we respond to what the market is doing and what the sales are showing us.”

Anyone who wishes to submit an appeal regarding their assessment has until January 31st to file.

Most homeowners across the north can expect assessment changes in the -5% or +10% range depending on where they live.

“It depends on where the markets are and where the demand for the properties is. It’s going to be the sales and where people are looking to purchase their properties which is dictating what these values are,” added Penner.

For example, rural communities like Valemount saw a 5% drop in assessed property values compared to the previous year while places like Burns Lake (+19%), Tumbler Ridge (+13%), Terrace (condos) (+11%) and, Williams Lake (condos) (+11%) saw the biggest gains.

Overall, North Central BC’s total assessments increased from about $95.2 billion in 2024 to over $99.8 billion this year.

A total of about $1.3 billion of the region’s updated assessments is from new construction, subdivisions, and the rezoning of properties.