Modest increase expected in Rossland property assessments

Rossland property owners will get off lighter than many of their Kootenay neighbours once the 2017 tax assessments arrive in the mail.

With files from Betsy Kline

Rossland property owners will be getting off lighter than many of their Kootenay and provincial neighbours once the 2017 tax assessments arrive in the mail.

While some property assessments show an increase as high as 50 per cent in some urban areas of B.C., Rossland will see a general rate increase of around one to two per cent said Ramaish Shah, deputy assessor for the Kootenay Columbia region.

Shah said Rossland has a “very stable market and minimal assesment value changes in terms of residential properties.”

The Kootenay region won’t be seeing any increases as drastic as those in some urban areas, Shah explained. “In general it’ll be about five to 10 per cent in the Kootenays,” he said. Shah said rates are based on reviews of home sales around the region.

Preliminary data showed increases of 30 to 50 per cent for houses and condos in Metro Vancouver, 10 to 40 per cent for Greater Victoria and five to 30 per cent in the Central Okanagan.

According to a press release for the Kootenay Columbia 2017 property assessment roll, a Rossland home valued at $255,000 in 2016 is now valued at $257,000.

While the City of Trail saw a similar increase to Rossland, other parts of the greater Trail area actually saw a general reduction.

In Warfield a property valued at $193,000 in 2016 dropped to $191,000. In Fruitvale, a home valued at $216,000 dropped to $215,000. In Montrose, property valued at $233,000 went down to $231,000.

Others parts of the local region saw modest increases. In Castlegar, a home valued at $264,000 is up to $270,000. In Salmo, a residence valued at $170,000 went up to $172,000.

Some regional areas will see higher increases, notably Nelson, up 10 per cent, and Revelstoke, up eight per cent.

The biggest West Kootenay drop in assessment was in Silverton where property assessed at $232,000 in 2016 is now assessed at $216,000. At the other end of the scale, Nelson saw a home valued at $333,000 rise up to $363,000.

Property assessment notices are being mailed out and values posted at the B.C. Assessment website ( this week, based on the agency’s mid-2016 real estate market surveys.


Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Prominent Slocan Valley environmental activist dies

Marilyn Burgoon was ‘tough and determined’

UPDATED: Man dies in backcountry near Whitewater Ski Resort

The victim was found unresponsive in a tree well Friday

Ktunaxa, supporters celebrate protection of Qat’muk and the Jumbo valley

Speeches, acknowledgements and ceremonies mark an emotional gathering in Cranbrook

Jumbo Valley to be protected, ending decades-long dispute over proposed ski resort

Development rights permanently retired for site of proposed year-round ski resort west of Invermere

ICBC to bring in ranking system for collision, glass repair shops

Change comes after the much-maligned auto insurer has faced criticism for sky-high premiums

‘It was just so fast’: B.C. teen recalls 150-metre fall down Oregon mountain

Surrey’s Gurbaz Singh broke his leg on Mount Hood on Dec. 30

Poll suggests some don’t think Canada should send troops to stop genocide

The findings are being released just before the 75th anniversary of the liberation of Auschwitz

B.C. woman crowned the fastest female marathon runner in Canadian history

Malindi Elmore ran an incredible 2:24:50 at the Houston Marathon

Alberta bulldog breeder ordered to give refund to B.C. buyer due to puppy’s behaviour

Tribunal ruled a verbal agreement to send a new dog superseded the written contract

Cariboo Memorial Hospital on the mend after cold weather wreaks havoc

Burst pipes and water leaks cause three different incidents

Dog reunited with Tofino owner, months after being taken from beach

Shannon Boothman ‘ecstatic’ at pet’s return after a tip leads to social media search

Huawei exec’s extradition hearing begins in Canada

China’s foreign ministry complained the United States and Canada were violating Meng’s rights

Most Read