The 2025 BC Property Assessments are now available online through BC Assessment, and homeowners can now check theirs on the website and expect to receive their notices in the mail by the end of January 2025.  

REALTORS® are often a valuable source of information for both buyers and sellers in helping them understand tax assessments and how they are used to calculate property taxes.    

"Across the Lower Mainland and throughout BC, the overall housing market has generally stabilized in value for a second consecutive year," says BC Assessment Assessor Bryan Murao. "Most homeowners can expect only modest assessment changes in the range of -5 to +5 per cent."

For the Lower Mainland region, overall assessments have generally remained flat from about $2 trillion in 2024 to $2.01 trillion this year. Almost $27 billion of the region's updated assessments are from new construction, subdivisions, and property rezoning. The Lower Mainland region includes all of Greater Vancouver, the Fraser Valley, the Sea to Sky area, and the Sunshine Coast.​

It is important to note that an increase in a property's assessment value does not necessarily mean an increase in property taxes for homeowners. In most cases, property taxes are only affected if a property's value is above the average value change for the community.  

If a property owner is still concerned about their assessment after speaking to a BC Assessment appraiser, they may submit a Notice of Complaint (Appeal)Notice of Complaint (Appeal) by January 31, for an independent review by a Property Assessment Review Panel.

For more information about assessments and trends in your area visit BC Assessment.  

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