Local villages see highest property assessment increases in region – pentictonherald.ca
Property owners in the Village of Slocan are seeing their house and land values rising higher than anywhere else in the Valley Voice readership area once again.
BC Assessment released this year’s property assessments – based on market value as at July 1, 2022 – just after New Year’s. The value of the average single-family dwelling in Slocan, a town of about 270 people, rose from $295,000 in 2021 to $381,000 last year – an increase of 29%.
This is the second year in a row that Slocan’s property assessments have topped the list of local increases. Last year, Slocan assessments jumped 56%, based on 2021 market values. That was one of the highest increases in the province.
This year, property assessments are up region-wide. “Most homeowners throughout the Kootenay Columbia region can expect an increase in assessed value between 5% and 20% with a handful of communities higher than that range,” says Kootenay Columbia Deputy Assessor Sharlynn Hill.
Other villages in the region also had…
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