Your 2016 property assessment notice
BC Assessment, the provincial Crown corporation that classifies and values properties in BC, has recently mailed out their 2016 assessment notices. These assessments reflect the value of all homes in the District as of July 1, 2015.
Property assessments and your property taxes
While municipal governments don't control these assessments, we use the valuations to calculate the amount of property tax payable for each property, as required by law. Residential taxes are based on the total average assessed value for all residential properties in the District.
What happens if your property value increases
There are a number of factors that can affect your property values. Renovating your home, for instance, can lead to an increase in value. Sales of properties in your neighbourhood can also lead to an increase, as BC Assessment uses market data to determine property value.
If your property’s assessed value increases more than the total average assessed value (approximately 15.55%) your taxes payable may be greater than the average.
What to do if you feel your assessment is not accurate
If you feel your property’s assessed value is not accurate, you can file a notice of appeal to BC Assessment by February 1, 2016.
Call them or visit their website for details on how to appeal:
- Learn how to file your appeal on BC Assessment's website
- Call BC Assessment: 1-866-825-8322 (Toll Free)
Learn more about property assessments in the District
BC Assessment offers an online service (e-valueBC) that you can use to search, check, and compare properties online from across the province using interactive maps and street-front images.
BC Assessment has released additional information on the 2016 Assessment Roll, as well as District of North Vancouver marketing trends.
There is additional information on our website about how the municipal property tax system works, and how we use BC Assessment's valuations to determine property taxes across the District.