Assessed property values continue to rise in Ponoka

PONOKA -- Assessed property values in the Town of Ponoka continue to rise year-over-year.

According to a report tabled at the Town of Ponoka's Council meeting on Apr. 14, the average assessed value of a single-family home in the municipality has risen by 9.3 per cent since the 2024 assessment year -- and more than 20 per cent since 2022. 

For the 2025 assessment year, the average single-family home in Ponoka is estimated at $301,753. This represents a jump of $25,570 from the year prior. The comparisons to just three years ago are even more stark, as the average home was assessed at 23.1 per cent less than the most recent assessment year. 

Between 2024 and 2025, homes in the Riverside Heights neighbourhood saw an increase 10.8 per cent, for an average assessed value of $495,000. Lucas Heights saw the next biggest increase (9.4 per cent) for an average assessed value of $353,511. This was followed by Central District, up 9.3 per cent to $236,362, and Riverside North/South, up 8.5 per cent to $294,250.

The assessed value of commercial property in the Town of Ponoka is also up, according to the report conducted by Wild Rose Assessment Services. In the Ponoka Industrial Park, commercial properties are up 7.1 per cent to $858,266.

Image credits: Wild Rose Assessment Services/Town of Ponoka