Property values in the Northern Rockies Regional Municipality rose this year, according to B.C. Assessment.
The Crown corporation reported a two per cent increase in the assessed value of single-family homes. The median typical assessed value of a home in the area was $151,000—$2,000 more than last year.
“Changes in property assessments reflect movement in the local real estate market and can vary greatly from property to property. When estimating a property’s market value, B.C. Assessment’s professional appraisers analyze current sales in the area, as well as considering other characteristics,” the organization explained.
These values help determine the amount of property taxes owed. However, an increase in assessed value does not necessarily mean the amount of taxes owed will follow suit. If the bump in assessed value is around par for the area, the assessment providers said the amount of taxes owed will likely stay the same.
“Local governments and other taxing authorities are responsible for property taxation and, after determining their own budget needs this spring, will calculate property tax rates based on the assessment roll for their jurisdiction,” said B.C. Assessment.
Individual property values are available on their website and will be sent via snail mail to property owners.
“Those who feel that their property assessment does not reflect market value as of July 1, 2025 or see incorrect information on their notice, should contact B.C. Assessment as indicated on their notice as soon as possible in January,” said Jarret Krantz, the Crown corporation’s deputy assessor.
Information on the assessed values of condos, townhouses, and other non-single-family homes in and around Fort Nelson was not provided.
