Property assessment is the determination of a property’s market value as of July 1 each year. Annually, on December 31, BC Assessment mails to each property owner a Property Assessment Notice, which shows the property’s market value and other important information about the property. When establishing the market value of a property, BC Assessment considers many factors including size, layout, age, condition, location, neighbourhood and the value of recent sales of similar properties. Questions regarding property assessments should be directed to BC Assessment.
BC Assessment, Capital Region
102-3350 Douglas St
Victoria, BC V8Z 7X9
Phone: 250-479-7131 or toll free: 1-866-825-8322
What should I do with my assessment?
It is important to check all details on the Property Assessment Notice. If you have questions about your property assessment, please call BC Assessment to speak with an appraiser. If you still disagree with your assessment after talking with an appraiser, you can file a formal Notice of Complaint (Appeal).
The deadline to file a Notice of Complaint (Appeal) is January 31.
Additional School Tax
An additional school tax will apply to residential properties in the province with an assessed value of more than $3,000,000. The additional tax rate is 0.2% on the residential portion assessed between $3,000,000 and $4,000,000 and 0.4% on the residential portion assessed over $4,000,000. For more information, visit www.gov.bc.ca/ schooltax.