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Kootenay Columbia 2023 Property Assessments in the Mail

Kootenay Columbia 2023 Property Assessments in the Mail

​​​​​​​​​​​​CRANBROOK — In the next few days, owners of about 150,000 properties throughout the Kootenay Columbia region can expect to receive their 2023 assessment notices, which reflect market value as of July 1, 2022.

"Most homeowners throughout the Kootenay Columbia region can expect an increase in assessed value between 5% and 20% with a handful of communities higher than that range,” says Kootenay Columbia Deputy Assessor Sharlynn Hill. “Property owners need to consider that 2023 assessments are based on the market value as of July 1, 2022, meaning what your home could have sold for last summer and not necessarily what it would sell for in today’s shifting market.”      

As B.C.'s trusted provider of property assessment information, BC Assessment collects, monitors and analyzes property data throughout the year.

Overall, Kootenay Columbia's total assessments increased from $60.6 billion in 2022 to over $69.7 billion this year. Almost $883 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 the Alberta border west to the Okanagan and from the US border north to Golden and Revelstoke.​

The summaries below provide estimates of typical 2022 versus 2023 assessed value changes of residential properties for each community throughout the region.

These examples demonstrate market trends for single-family residential properties by geographic area:*​

Single Family Home Changes by   Community

2022 Typical   Assessed Value

as of July 1, 2021

2023 Typical   Assessed Value

as of July 1, 2022



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) by geographic area for select urban communities:*​

Strata Home Changes (Condos/Townhouses)

By Community

2022 Typical   Assessed Value

as of July 1, 2021

2023 Typical   Assessed Value

as of July 1, 2022



​City of Cranbrook
City of Nelson
​​*All data calculated b​ased on median values.​

BC Assessment's website at includes more details about 2023 assessments, property information and trends such as lists of 2023's top valued residential properties across the province.

The website also provides self-service access to a free, online property assessment search service that allows anyone to search, check and compare 2022 property assessments for anywhere in the province. Property owners can unlock additional property search features by registering for a free BC Assessment custom account to check a property's 10-year value history, store/access favourites, create comparisons, monitor neighbourhood sales, and use our interactive map. 

“Property owners can find a lot of valuable 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, 2022 or see incorrect information on their notice, should contact BC Assessment as indicated on their notice as soon as possible in January," says Deputy Assessor Sharlynn Hill. 

“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 31, for an independent review by a Property Assessment Review Panel," adds Hill. 

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 increases in property assessments do not automatically translate into a corresponding increase in property taxes," explains Hill. "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." 

2022 property tax change.png


Have questions? 

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

Follow BC Assessment on TwitterYouTubeFacebook, and LinkedIn. ​

Media contact:  ​​ 

Sharlynn Hill

BC Assessment Deputy Assessor for the Kootenay Columbia Region

Tel. 1.866.825.8322 Ext. 22232  



​​Facts on B.C. Property Assessments and the 2022 Assessment Roll​

  • Total number of properties on the 2023 Roll is 2,160,828, an almost one percent increase from 2022.
  • Total value of real estate on the 2023 Roll is over $2.72 trillion, an increase of nearly 12 percent from 2022.
  • Total amount of 'non-market change', including new construction, rezonings and subdivisions is approximately $33.52 billion, a decrease of almost one percent from the 2022 Roll of $33.85 billion.
  • In B.C., approximately 77 percent of all properties are classified with some residential (Class 1) component. This equates to $2,101,693,283,358 of the value on the total provincial roll.
  • Over 98% of property owners typically accept their property assessment without proceeding to a formal, independent review of their assessment. Assessments are the estimate of a property's market value as of July 1, 2022 and physical condition as of October 31, 2022. This common valuation date ensures there is an equitable property assessment base for property taxation.
  • Changes in property assessments reflect movement in the local real estate market and can vary greatly from property to property. When estimating a property's market value, BC Assessment's professional appraisers analyze current sales in the area, as well as considering other characteristics such as size, age, quality, condition, view and location.
  • Real estate sales determine a property's value which is reported annually by BC Assessment.  Local governments and other taxing authorities are responsible for property taxation and, after determining their own budget needs this spring, will calculate property tax rates based on the assessment roll for their jurisdiction.
  • BC Assessment's assessment roll provides the foundation for local and provincial taxing authorities to raise over $8 billion in property taxes each year. This revenue funds the many community services provided by local governments around the province as well as the K-12 education system.
  • BC Assessment's website provides a listing of property assessments and sales to help property owners understand their property's market value and provide comparable sales information. Go to and use “Find your property assessment".  For more information on the 2023 Assessment Roll and regional and province-wide real estate market trends including lists of the province's top valued residential properties, please visit and click on the “Property Information & Trends" link.  ​