Northern B.C.’s total assessments increased from over $69 billion in 2020 to over $72 billion this year. (Priyanka Ketkar photo/Lakes District News)

Northern B.C.’s total assessments increased from over $69 billion in 2020 to over $72 billion this year. (Priyanka Ketkar photo/Lakes District News)

BC Assessment Authority releases property assessments

Burns Lake takes the lead in Northern B.C. with a 21 per cent increase

The annual property assessments are out and property values have significantly risen in Burns Lake as of July 1, 2020, as determined by the BC Assessment Authority.

“Property assessments are out! Burns Lake leads the region with an increased value of 21%. This is good news since the market value in Burns Lake was significantly lower than the cost to build new. My hope is that this results in more new construction in the region,” said the Village of Burns Lake Mayor Dolores Funk, in a social media post.

Single family residential assessments rose in Burns Lake, up 21 per cent from $148,000 as of July 1, 2019 to $180,000 on July 1, 2020.

Granisle experienced a more modest valuation increase of four per cent — $61,000 as of July 1, 2019 to $64,000 on July 1, 2020.

According to the report, Northern B.C.’s total assessments increased from over $69 billion in 2020 to over $72 billion this year. A total of about $707 million of the region’s updated assessments is from new construction, subdivisions and rezoning of properties.

Each year the assessment authority uses July 1 as its snapshot date to determine market value for all properties and Oct. 31 as the date to determine physical condition of a property.

By percentage increases, Burns Lake’s 21 per cent assessment jump ranked first out of 34 municipal governments with the BC Assessment Authority’s northern B.C. area with Houston coming in at seventh at 10 per cent, a figure it shared with Port Clements on Haida Gwaii.

Smithers ranked second at a 15 per cent assessment hike as did Wells in the Cariboo with Telkwa coming in at third place with a 13 per cent increase.

Property owners began receiving their individual assessments last week, information from which local governments will now take and use to set property tax rates for the coming year.

Significant changes in an individual property’s assessed value do not necessarily mean taxes will also increase.

The important factor is where the assessment for an individual property rests within the average change of that property’s class within the local government or taxing authority.

If the new assessment is lower than the average, taxes might decrease. If the assessment is higher, taxes might then increase.

“Don’t worry, increased property value does not automatically translate into increased taxation. Your Council is cognizant that this has been a tough year, we will be working hard to keep taxation as low as possible,” said Funk in her post.

– With files from Rod Link

Priyanka Ketkar
Multimedia journalist

Like us on Facebook and follows us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Brett Alexander Jones is wanted on several warrants province-wide, in connection with multiple charges. (Kitimat RCMP photo)
Kitimat RCMP searching for man wanted on several warrants province-wide

Jones is described as a five-foot 10-inches Caucasian man, with blond hair and blue eyes.

Lake Babine Nation closure sign
Lake Babine Nation issues COVID numbers update

Urges members to follow provincial health orders

NH representative confirmed that people who received their first dose will be scheduled to receive their second dose within the recommended timeframe.(The Canadian Press/Nathan Denette photo)
Vaccine rollout abruptly halted in Lakes District

Northern Health cites Pfizer shipment delays for the vaccine distribution disruption

Administering naloxone to a person experiencing a benzo-related overdose event won’t help. Naloxone is used to neutralize opioids. (Jenna Hauck/The Progress file photo)
Northern Health warning drug users of potential benzo contamination

The drug does not respond to naloxone, and is being included in street drugs

Maj.-Gen. Dany Fortin, vice-president of logistics and operations at the Public Health Agency of Canada, speaks at a news conference on the COVID-19 pandemic in Ottawa, on Friday, Jan. 15, 2021. THE CANADIAN PRESS/Justin Tang
B.C. records 500 new COVID-19 cases Wednesday, 14 deaths

Outbreak at Surrey Pretrial jail, two more in health care

Man allegedly bites Vancouver cop during arrest for outstanding warrant

The officer was treated in hospital for the bite wounds

(File Photo)
Interior Health says COVID positivity rates in Fernie area actually 10-12%

IH say the rates are not as high as previously claimed by the region’s top doctor

Black bear cubs Athena and Jordan look on from their enclosure at the North Island Wildlife Recovery Association in Errington, B.C., on July 8, 2015. Conservation Officer Bryce Casavant won the hearts of animal lovers when he opted not to shoot the baby bears in July after their mother was destroyed for repeatedly raiding homes near Port Hardy, B.C. THE CANADIAN PRESS/Chad Hipolito
Supreme Court quashes review of B.C. conservation officer who refused to euthanize bears

Bryce Casavant was dismissed from his job for choosing not to shoot the cubs in 2015

Francina Mettes and Thomas Schouten with the 200-page document they submitted in December of 2018. (Travis Paterson/News Staff)
Dutch man, 94, facing unwanted trip home can stay in B.C. with wife of 45 years

Immigration offices cuts red tape so couple of 45 years can stay together in Victoria area

Health Minister Adrian Dix looks on as Dr. Bonnie Henry pauses for a moment as she gives her daily media briefing regarding Covid-19 for the province of British Columbia in Victoria, B.C, Monday, December 7, 2020. THE CANADIAN PRESS/Jonathan Hayward
B.C. Premier, health officials to discuss next steps in COVID immunization plan

Nearly 31,000 doses of vaccine the province expected by Jan. 29 could be curtailed due to production issues

Vancouver Canucks’ Travis Hamonic grabs Montreal Canadiens’ Josh Anderson by the face during first period NHL action in Vancouver, Wednesday, Jan. 20, 2021. THE CANADIAN PRESS/Jonathan Hayward
Horvat scores winner as Canucks dump Habs 6-5 in shootout thriller

Vancouver and Montreal clash again Thursday night

A woman writes a message on a memorial mural wall by street artist James “Smokey Devil” Hardy during a memorial to remember victims of illicit drug overdose deaths on International Overdose Awareness Day, in the Downtown Eastside of Vancouver, on Monday, August 31, 2020. THE CANADIAN PRESS/Darryl Dyck
B.C. paramedics respond to record-breaking number of overdose calls in 2020

On the front lines, COVID-19 has not only led to more calls, but increased the complexity

Most Read