Kootenay property values increase

By Contributor
January 4th, 2016

In the next few days, owners of more than 142,000 properties throughout the Kootenay Columbia region can expect to receive their 2016 assessment notices which reflect market value as of July 1, 2015.

 “The majority of residential home owners within the region can expect an increase, compared to last year’s assessments,” says Ramaish Shah, Kootenay Columbia Region Deputy Assessor. “Most home owners in the Kootenay Columbia region will see modest increases depending on their location. For example, a typical single family home in Nelson that was previously assessed at $315,000 was valued at $333,000 in the summer of 2015.”

As B.C.’s trusted, go-to provider of property information, BC Assessment collects, monitors and analyzes property data throughout the year. The table below indicates the Kootenay Columbia region‘s estimated typical percentage changes to 2016 assessment values by property type compared to 2015 (note that property assessments may vary by individual jurisdiction/municipality within the region).



Property Type

Kootenay Columbia Region

2016 Assessment

Typical % Changes in Value

(as of July 1, 2015)


Residential Single Family Homes


0% to +10%


Residential Strata Units (e.g. condominiums)


0% to +10%




-5% to +5%


Light Industrial


-5% to +5%

Overall, the Kootenay Columbia region’sassessment roll increased from $36.97 billion in 2015 to $37.89 billion this year. This value reflects a change due to market movement as well as $361 million in growth due to subdivisions, rezoning and new construction. The Kootenay Columbia region includes the southeast portion of province from Cranbrook to Grand Forks and from Trail to Golden.

The summary below provides estimates of typical 2016 versus 2015 assessed values of residential homes throughout the region. These examples demonstrate market trends for single family residential properties by geographic area:



2016 Assessment Roll

(market value as of

July 1, 2015)

2015 Assessment Roll

(market value as of

July 1, 2014)

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



Of note, BC Assessment has launched a newly-enhanced website at bcassessment.cathat includes more details about 2016 assessments, property information and trends such as lists of 2016’s top most valuable residential properties across the province. The website also provides self-service access to the free online e-valueBCservice that allows anyone to search, check and compare 2016 property assessments anywhere in the province.

“Property owners can find a lot of information on our website including answers to many assessment-related questions, but those who feel that their property assessment does not reflect market value as of July 1, 2015 or see incorrect information on their notice, should contact BC Assessment as indicated on their notice as soon as possible in January,” says Shah.

“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 February 1, for an independent review by a Property Assessment Review Panel,” addsShah.


The Property Assessment Review Panels, independent of BC Assessment, are appointed annually by the Ministry of Community, Sport and Cultural Development, and typically meet between February 1 and March 15 to hear formal complaints.

The Kootenay ColumbiaRegion Assessment offices are located at:

Nelson Office

176 – 333 Victoria St.

Nelson V1L 4K3

Cranbrook Office

200 – 117 Cranbrook St. N

Cranbrook V1C 3P8

During the month of January, office hours are 8:30 a.m. to 5:00 p.m., Monday to Friday. Property owners can contact BC Assessment toll-free at 1-866-valueBC (1-866-825-8322) or online at bcasssessment.ca

Categories: General


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