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HomeNews2024 property assessments are both up and down in the Bulkley Valley...

2024 property assessments are both up and down in the Bulkley Valley and Lakes District

Property owners in the Bulkley Valley and Lakes District are expected to receive their 2024 property assessment through the mail in the coming days. 

According to data from BC Assessment, many communities saw an increase in their typical property value. 

“Most North Central home owners can generally expect to see assessment changes in the range of about -10% to +10% when they receive their notices in early January, but with some exceptions depending on the community,” said North Central BC Deputy Assessor Teria Penner. 

The largest change was an increase of 24 per cent seen in Granisle as the typical value went from $81,000 in 2023 to $100,000 for 2024. 

New Hazelton saw a similar jump of 11 per cent, with the typical property being valued at $212,000 this year. 

Hazelton and Houston saw a two per cent increase as property values hovered around $260,000 in both areas. 

In Smithers, properties were typically valued at $490,000, down one per cent from the $497,000 seen in 2023. 

For Telkwa and Burns Lake, there was a five per cent drop with values being $421,000 and $222,000 respectively. 

“Those who feel that their property assessment does not reflect market value as of July 1, 2023, or see incorrect information on their notice, should contact BC Assessment as indicated on their notice as soon as possible in January,” said Penner. 

A link to the full release can be found here.

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