Assessment Increases by Area
2017 Versus 2016
If your % increase in value is greater than the average, you may be over assessed and an appeal merited. However, it is very important to make sure the assessment is not too low before appealing. BCA can increase values. Nor does “no increase” mean your assessment is correct, as it may well have been wrong the previous year.
Assessed value often does not equal market value as BC Assessment do mass appraisals, that may not have taken the particular features of your property into consideration.
But, of utmost importance, your property assessment needs to be equitable with your neighbor’s and that may be below market value.
If your assessment increased by a greater % than the average, then your assessment could be too high. Call us to discuss a review of your assessment.
Jurisdiction |
Business |
Residential |
|
Jurisdiction |
|
Business |
|
Residential |
||
% |
% |
|
|
|
% |
|
% |
|||
Abbotsford |
11.97 |
28.09 |
Nelson |
|
3.25 |
|
7.81 |
|||
Burnaby |
17.01 |
30.72 |
New Westminster |
|
13.8 |
|
28.48 |
|||
Coquitlam |
16.52 |
32.91 |
North Van (City) |
|
16.12 |
|
34.19 |
|||
Cranbrook |
2.85 |
. |
0.78 |
North Van (District) |
|
19.2 |
|
36.02 |
||
Dawson Creek |
. |
-0.14 |
-2.21 |
Penticton |
|
4.29 |
|
6.51 |
||
Delta (Annacis) |
17.89 |
41.89 |
Port Coquitlam |
|
9.77 |
|
33.86 |
|||
Fort St. John |
-2.27 |
-4.07 |
Port Moody |
|
31.49 |
|
15.69 |
|||
Kamloops |
5.84 |
4.39 |
Prince George |
|
0.82 |
|
5.98 |
|||
Kelowna (214) |
6.74 |
13.47 |
Prince Rupert |
|
3.62 |
|
5.69 |
|||
Kelowna (217) |
|
6.13 |
|
10.25 |
Richmond |
|
21.30 |
|
34.68 |
|
Kitimat |
11.47 |
-4.18 |
Surrey |
|
18.24 |
|
36.26 |
|||
Langley (City) |
11.97 |
28.09 |
Vancouver |
|
23.80 |
|
30.62 |
|||
Langley (Twp.) |
12.06 |
35.61 |
Vernon |
|
5.56 |
|
5.73 |
|||
MacKenzie |
4.36 |
5.11 |
Victoria |
|
9.37 |
|
20.27 |
|||
Maple Ridge |
11.94 |
35.32 |
Whistler |
|
14.62 |
|
20.27 |
|||
Nanaimo |
|
9.48 |
|
13.68 |
West Vancouver |
|
19.69 |
|
30.23 |
Publications
- Expected Assessed Value Changes In 2024
- 2024 Property Assessment Value Changes
- Whistler and Pemberton 2023 Assessed Values
- 2023 Assessment Update
- 2023 Property Assessment Value Changes
- Expected Assessed Value Changes In 2023
- Potential Property Tax Relief For Local Businesses
- Reasons For Landlords To Appeal Their Property Assessments
- Developers need to Appeal the Additional School Tax (AST)
- 2022 Property Assessment Value Changes
- Misconceptions within the Property Assessment Process
- Additional School Tax Exemption for Developers
- Minimizing Property Tax on Development Land
- Assessment Of Residential Sites Under Construction
- Should Homebuilders Be Paying Additional School Tax?
- Development Sites: Is The Additional School Tax Applicable?
- Vancouver Vacancy Tax
- Resolving Disputes - A New Approach
- BC Foreign Investors Tax
- NAIOP Industrial Panel
- Opportunities for Brokers
- How are School Taxes Calculated? | doc