2020 Assessments have been mailed, however if you don't want to wait to find out if your property value has changed since last year, you can but you can find out online by entering your address here.
A common misconception is that a significant change in your assessed value will result in a proportionately significant change in your property taxes.
The most important factor is not how much your assessed value has changed, but how your assessed value has changed relative to the average change for your property class in your municipality or taxing jurisdiction. You can find your property class on your assessment notice next to your assessed value.
*The diagram above and the scenarios below assume that there are no changes in the distribution of budget funding between property classes for your taxing jurisdiction and/or any other taxing agency.
Example A: Your property is currently assessed at $540,000, based upon a valuation date of July 1 last year. Your previous assessed value was $450,000. Your 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. Your previous assessed value was $450,000. Your property increased 40% in value, while the average increase for your property class is 30%.
Since your property increased MORE THAN the average, you will likely see an increase in your property taxes.
If you do not agree with your assessment, you have the right to appeal. Many concerns can be resolved through discussion with staff outside of the formal complaint and appeal process by calling 1-866-825-8322.
If you are still not satisfied after discussing your concern with the BC Assessment staff, you may file a formal complaint and appeal process to have your assessment independently reviewed here. The deadline to file a complaint (appeal) to the PARP for your 2020 Assessment is January 31.
The information on this page is for information purposes only. If your residential property is valued at $3 million or more, the property tax implications may be different than stated above. For more information, visit the BC Assessment Website.