- BC Assessment
- Assessments for Farm Outbuildings
- Property Assessment and Property Taxes
- More Information
- The value of property for tax purposes is determined by BC Assessment, which is established under provincial legislation and is independent of the municipality.
- 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.
- If you feel your assessment is incorrect, contact BC Assessment in January to file an Appeal. You cannot appeal your taxes, but you can appeal your assessment. Review BC Assessment’s appeal process for deadlines and details.
- BC Assessment provides property assessment information for individual properties as well as market trends throughout the Province.
In 2013, BC Assessment changed the rules for the assessment of non-dwelling farm buildings. Previously there was a cap of $50,000 on these exemptions. The rules have changed so that the exemptions are calculated as the greater of $50,000 or 87.5% of the total assessed value of the farm non-dwelling buildings. Farm properties with non-dwelling farm buildings will likely see an increase in their exemptions and a corresponding decrease in general taxation amounts. Visit BC Assessment's website if you have questions about the change in farm exemption or contact BC Assessment.
Provincial and local governments use property assessments to determine what tax rate they must set to raise the revenue needed to pay for public services. Tax authorities set tax rates that are applied to the assessed value of properties, which is subsequently shown on your tax notice.
To better understand the relationship between property assessment and property taxes, visit BC Assessment's webpages:
- Property Assessments and Property Taxes: A not-so complicated relationship
- The Property Tax Equation
Property assessment and property tax information can be accessed through the City's Property Information Search page.
For more information:
Tel: 1-866-valueBC (825-8322)