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East Kootenay assessment values see substantial increases

Every East Kootenay municipality saw an increase in the assessed value of its properties, ranging from a low of nine per cent in Sparwood to a high of 43 per cent in Canal Flats.

Homeowners in the region can expect noticeable increases in their 2022 assessments compared to last year,” Kootenay Columbia deputy assessor Sharlynn Hill said in a news release.

The demand for properties has been very high this past year, and that is reflected in the prices being paid for all property types. The year over year change in the typical values has been relatively consistent throughout the region and generally with double-digit percentage rises for most communities.”

Owners of almost 150,000 properties throughout the region can expect to receive their 2022 assessment notices within the next few days, which reflect market value as of July 1, 2021.

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BC Assessment collects, monitors and analyzes property data throughout the year.

Overall, Kootenay Columbia’s total assessments increased from $49.7 billion in 2021 to $60.7 billion this year. Nearly $725 million of the region’s updated assessments is from new construction, subdivisions and the rezoning of properties.

BC Assessment’s Kootenay Columbia region covers the southeast portion of the province from Fernie  to Grand Forks and from Revelstoke to Cranbrook.

If you feel that your assessment does not reflect the market value of your property, you can contact BC Assessment. After speaking to an appraiser, you may appeal by Jan. 31 for an independent review by a panel that usually meets between Feb. 1 and March 15 to hear complaints.

It is important to understand that increases in property assessments do not automatically translate into a corresponding increase in property taxes,” Hill says“As noted on your assessment notice, how your assessment changes relative to the average change in your community is what may affect your property taxes.”

The summaries below provide estimates of typical 2021 versus 2022 assessed value changes of residential properties for each community throughout the region.

Single Family Home Changes by Community

2021 Typical Assessed Value as of July 1, 2020

2022 Typical Assessed Value as of July 1, 2021


City of Castlegar




City of Cranbrook




City of Fernie




City of Grand Forks




City of Greenwood




City of Kimberley




City of Nelson




City of Revelstoke




City of Rossland




City of Trail




District of Elkford




District of Invermere




District of Sparwood




Town of Creston




Town of Golden




Village of Canal Flats




Village of Fruitvale




Village of Kaslo




Village of Midway




Village of Montrose




Village of Nakusp




Village of New Denver




Village of Radium Hot Springs




Village of Salmo




Village of Silverton




Village of Slocan




Village of Warfield




*All data calculated based on median values.

These examples demonstrate market trends for strata residential properties (e.g. condos/townhouses) for Cranbrook and Nelson:

Strata Home Changes (Condos/Townhouses) By Community

2021 Typical Assessed Value as of July 1, 2020

2022 Typical Assessed Value as of July 1, 2021

% Change

City of Cranbrook




City of Nelson




*All data calculated based on median values.

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