Assessing your Propety Assessment

Odds are it went up. Expect to receive your assessment notice in the mail this week from BC Assessment. The notice confirms your property's assessed value which is based on its market value as of July 1, 2015. This is then used to calculate your property taxes for 2016. This past year the value of real estate assessed in British Columbia increased 11.1% to $1.34 trillion dollars. New construction is up 8.9% ($20.36 billion). A total of 1,996,112 properties were assessed in the province according to BC Assessment. To compare your assessment to others, check www.bcassessment.ca.

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