Assessments for single-family homes rose an average 20 per cent in Terrace and Thornhill from 2018 to 2019, the second year in a row for an increase as a reflection of increased sales activity from LNG Canada’s liquefied natural gas plant now under construction in Kitimat.
That’s on top of an average 9 per cent increase from 2017 to 2018 and in marked contrast to a 1.3 per cent drop the year before as determined by the B.C. Assessment Authority.
In dollar terms, median single-family home values rose from $312,000 in 2018 to $373,000 in 2019.
Are you satisfied with your property assessment this year?