Web5 Dec 2024 · "Most homeowners around the province can generally expect about a 5 to 15% rise in assessment values when they receive their notices in early January,” says … Web3 Jan 2024 · The BC assessment provides a value for the government to determine property tax amounts in British Columbia. The assessment authority will determine the …

BC Assessment - Independent, uniform and efficient …

WebBC Assessment uses market value as the standard method of valuing properties. Determining market value varies depending on the type of the property and the availability of market data (i.e. sales or lease data): Sales comparison approach: Market value is based on the sale price of comparable properties. WebYour property increased 20% in value, while the average increase for your property class was 30%. Since your property increased LESS THAN the average for your property class, you will likely see a decrease in your property taxes. Example B: Conversely, your property is currently assessed at $630,000, based on a valuation date of July 1 last year. finition 3008 2014

The property tax equation - BC Assessment Authority

WebI know my home’s BC Assessment value. I Don't Know My Home's Assessed Value. BC Assessment Value of the Property. 2024 Property Tax Value $ 1,346 1.35k. 2024 … Web6 Jan 2024 · Whistler and Pemberton’s assessed property values jumped significantly this year, following two years of slowed growth. Whistler saw a 29-per-cent increase in the median assessed value of single-family homes, from $2.033 million in 2024 to $2.629 million in 2024, according to BC Assessment. WebOn a more local level, the BC Assessment values in the City of Vancouver, dropped between -8.8% to -10.20% for all types of residential homes. In Coquitlam, BC Assessment values dropped from -9.3% to -10.7%. In the opinion of Ramaish Shah, a deputy assessor at BC Assessment, “ I would consider anything from 0-10 per cent a stable market ... esi online form