BC Assessments Soar 30-50% in Value

Homeowners seemed to get a huge surprise in the mail with their annual BC Property Assessments increasing dramatically over the past year.  These values are based on what was going on in the market 6-months ago. 

If you have yet to receive your BC Property Assessment in the mail, you can look it up online at BC Assessment. 

Some of you might be going, this is awesome! My house is worth so much! 

But....where this will personally affect you are your property taxes potentially increasing. 

However, many municipalities are looking at implementing measures to counteract the high tax assessments, so that your actual tax bill may only slightly increase. However, if you do want to appeal your BC Assessment, you have until January 31, 2017. You can appeal here: Appeal BC Assessment.

And if you are 55+ or know anyone who is 55+, paying more hurts hard especially if they are on a fixed income.  Please share with everyone you know that there is a special program that allows you to defer your property taxes for as long as they live in their home. Deferring Property Taxes