Property Assessments are in !

Here We Go Again -

By now you should have received your 2019 Assessment Notice.

Here are the things to know about your assessment -

Your Assessment is BCA's estimate of your property’s value as of July 1, 2018, and for new construction or substantially renovated homes, the physical condition as of October 31, 2018.

BCA’s assessment and a REALTOR’S® assessment. Why the difference?

Both BCA assessors and Realtors calculate market value by analyzing sales of comparable homes within a local market, and look at factors that affect value such as size of home, view, location such as on a busy or quiet street, number of bedrooms, construction quality, floor level, and garage or parking stalls.

The main difference is the time the assessment is made.  BC Assessment's value is as of July 1 of the preceding year.  So, their valuation could be vastly different from current market value.

For property tax purposes only

Property taxation is determined by local and provincial taxing authorities after determining their budget needs and calculating property tax rates based on the assessment roll for their jurisdiction, and BC Assessment is the most equitable way of allocating taxes across the over 2 Million properties in the BCA Database.

  

When you view your assessment

Property owners can look up their assessment details on BCA's e-valueBC website.

If property details are incorrect, property owners are directed to complete and submit an e-valueBC Data Validation Form.

 

Deadline to appeal assessment is January 31, 2019

Disagree with your assessment?   Do some homework first! 

• Compare your assessment with neighbouring properties;
• Contact BCA at 1-866-valueBC (1-866-825-8322) and talk to staff who can make adjustments if there's an obvious error, for example if BCA included a complete renovation when there was merely a spruce-up.
• Review information on the Property Assessment Appeal Board website on how to prepare for an appeal and then complete a Notice of Complaint (Appeal) Form. (Step 7)
• And, you can always call us for an up to date market evaluation of your home !  We are here to help.  604-984-7253