Greater Vancouver assessments up overall in 2022
Property owners received their 2022 assessment notices the first week of January, which reflects the market value of their property as of July 1, 2021 and the physical condition as of October 31, 2021.
Assessments increased throughout Greater Vancouver for both detached and strata homes.
For detached homes, Maple Ridge and Sechelt led the way, each with a 37 per cent increase, followed by Lions Bay and Squamish, each with 35 per cent increases, and Pitt Meadows with a 34 per cent increase.
For strata homes, Squamish led the way with a 29 per cent increase followed by Whistler with a 24 per cent increase and Maple Ridge with a 23 per cent increase.
Viewing the assessment notice
Property owners can also see a property’s assessment using the address on BC Assessment’s (BCA) website.
Details include a photo, a property description (land and buildings), the total assessed value, the previous year’s value, the legal description, and property ID.
If property details are incorrect, property owners are directed to complete and submit an Data Validation Form.
Property owners can also compare neighbouring properties and sample sold properties to decide whether their property has been correctly assessed.
Deadline to appeal assessment is January 31, 2022
Property owners who disagree with their assessment should do homework by:
- comparing their assessment with neighbouring properties; and
- contacting BCA at 1-866-825-8322, talking with staff who can make adjustments if there’s an obvious error, for example if BCA included a complete renovation when there was only a spruce-up or an upgrade for plumbing or electrical.
Property owners who decide to appeal their property assessment should review information on the Property Assessment Appeal Board website on how to prepare for an appeal.
Each year less than one per cent of BC property owners appeal their assessments.
Note: you can’t appeal your taxes. You can only appeal your assessment.
For information about BC Assessment and to access e-valueBC visit: www.bcassessment.ca or phone 1-866-825-8322.
To attract buyers and ensure you receive a price that works best for you, your Realtor will help establish your home’s current market value.