Property assessments for a single family home in the District of Clearwater have increased by three percent on average.
They've gone from $400,000 in 2024 to $407,000 in 2025.
The 2025 property assessments, which reflect market value as of July 1, 2024, have been announced for property owners of nearly 445,000 properties throughout the Southern Interior.
The updated property values are now available at bcassessment.ca in addition to 2025 Property Assessment Notices being mailed to each property owner.
"For 2025, most homeowners can expect generally flat property assessment value changes in the -5% to +5% range for many Thompson Okanagan communities while homeowners in Kootenay Columbia areas may see a higher rate of change in the 0% to +10% range," says Deputy Assessor Boris Warkentin. "For property owners throughout the Southern Interior, there may be a delay in receiving your 2025 Assessment Notices due to ongoing Canada Post backlogs, but anyone can check updated values at bcassessment.ca, using our online property search service."
As B.C.'s provider of property assessment information, BC Assessment collects, monitors and analyzes property data throughout the year. The newly released 2025 property assessment details can be searched and accessed any time at bcassessment.ca by using BC Assessment's Find your property assessment online service.
Overall, the Southern Interior's total assessments increased from about $315 billion in 2024 to nearly $323 billion this year. A total of about $5.29 billion of the region's updated assessments is from new construction, subdivisions and the rezoning of properties.
Warkentin reminded property owners that anyone who feels their property assessment does not reflect market value as of July 1, 2024 or sees incorrect information on their notice should contact BC Assessment as soon as possible in January.
"If a property owner is still concerned about their assessment after speaking to one of our appraisers, they may submit a Notice of Complaint (Appeal) by January 31st, for an independent review by a Property Assessment Review Panel."
