Property Assessments Now Available

<1% reduction for me in Kamloops, though the market has cooled noticeably.
I’ll keep this kitchen reno to myself.
 
Down $16K in Central Saanich
 
Up 60k in East Van. I wonder when they'll come collecting for the new 15 story potential building height. I've been captured in one of the Transit Oriented Development circles. My nice little neighborhood won't be so nice and little in the next 20 years. Sigh.
 
Up 60k in East Van. I wonder when they'll come collecting for the new 15 story potential building height. I've been captured in one of the Transit Oriented Development circles. My nice little neighborhood won't be so nice and little in the next 20 years. Sigh.
I have a friend with the same scenario in kits (like most of van, I imagine). Time to sell and GTFO!
 
The main ask was to determine if BCA had access to the knowledge of work done, which could have been the reason for a raise in value. (the automatic combing of your local city hall building records to speed up this aspect of the yearly system value change)
Apparently BC assessment does access building permits to set valuations, which I suspect is why my neighbors all had nice 20-25K drops and mine only dropped 1K. It's reinforces why you never let assessors into your house to look around and always put the bare value on any building permits.
 
They use data from sales on your road or nearby. So if you have a couple sales at high prices nearby it can push your assessment up. Of course they do account for age of structures and a few other markers to ball park it. I always worry when homes around start selling nearby like they did in this recent last housing sale price balloon. Ukee is down a tad but the municipality I believe has some add ons this year so the tax bill probably won’t change much if at all. Cities and municipalities are to blame for the big tax bills as they keep increasing their rate. Property taxes are crazy in Ukee.

Crazy part is because we have a couple bnb rooms and a couple cabins on the property they have applied a split classification that really cranks up the tax bill. Usually 14-15k property taxes after the home owners grant pair that with a 10k annual insurance bill because of the nightly rentals, add on the rest of the utilities and maintenance is why rental prices have increased on the coast. The nightly rates haven’t followed the same inflation as operating costs so less net at the end of the day. There’s our government working for us, not!


Use link to get to website punch in your address for your assessment just in case some of you wait for snail mail are wondering.

 
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I wrote them and got a reply already.

They've reversed my $36K increase and I get a $22K decrease instead.

Just shows what BS this system is... complete subjective tax increases on homeowners. I felt like pushing for more, but I'm going to take the easy win.

January 31 is deadline for disputes.

I also note that my garbage collection cost is going up 50% which is paid separate from my taxes.
 
Im up 155k on the house and no change on property. Not sure why it’s up. Hasn’t been any changes to the house. New build in 2019.
 
I will be doing an appeal again this year. I am still trying to understand why a smaller lot is assessed at a higher value than a larger lot.

We have the smallest lot in the neighbourhood by over half it is 23 feet wide and our house is just over 2000 square feet and yet our land is valued significantly higher that 60 foot lots twice the size with 4500 Sq foot homes.

One thing I have learned if you are doing an appeal BC Assessment will asign someone to help you with your assessment.

Imagine my surprise when the staff person "helping" me, turned up to argue against me at the Appeals Board.They had time to prepare counter arguments.

Now that I am retired I have more time to devote to these matters.
 
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