Williams Lake area assessed property values have increased on average by 10 per cent over 2024.
In 2024, the average assessed property for a single family home in Williams Lake was valued at $381,000 and for 2025 the typical assessed value is $419,000.
For condos and townhouses, in the city of Williams Lake the typical assessed value has gone from $174,000 in 2024 to $192,000 in 2025. That's an average increase of 11 per cent.
The 2025 property assessments, which reflect market value as of July 1, 2024, have been announced for property owners.
On its website BC Assessment lists the top 50 assessed properties in the region and coming in at number four is 2057 North Lakeside Drive, an acreage, valued at $3,552,000.
Updated property values are now available at bcassessment.ca in addition to 2025 Property Assessment Notices being mailed to each property owner.
"Most North Central home owners can generally expect to see assessment changes in the range of approximately -5% to +10% when they check their updated 2025 values with some exceptions depending on the community," said Deputy Assessor Teria Penner in a news release. "Arrival in the mail of 2025 Assessment Notices might be delayed due to ongoing Canada Post backlogs, but 2025 values are readily available 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.
Penner 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," added Penner.
The Property Assessment Review Panels, independent of BC Assessment, are appointed annually by the provincial government, and typically meet between February 1 and March 15 to hear formal complaints.
"It is important to understand that changes in property assessments do not automatically translate into a corresponding change in property taxes," explains Penner. "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."
Overall, North Central B.C.’s total assessments increased from about $95.2 billion in 2024 to over $99.8 billion this year.
A total of about $1.3 billion of the region's updated assessments is from new construction, subdivisions and the rezoning of properties.
The North Central BC region encompasses approximately 70 per cent of the province: stretching east to the Alberta border, north to the Yukon border, west to Bella Coola including Haida Gwaii and to the south, just north of Clinton.
The summaries below provide estimates of typical 2024 versus 2025 assessed values of properties throughout the region. These examples demonstrate market trends for single-family residential properties by geographic area.
