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Articles
by Michael C. Lount, B.A.Sc., AACI


Like They Did In 2016 – Reviews and Appeals are Necessary
Press release. January 2017 – BCAssessment.com
by Michael C. Lount, B.A.Sc., AACI

If you are a commercial property owner you should contact us directly for further information.

BC ASSESSMENTS 2017, VANCOUVER, BC — Property owners can expect to receive their 2017 assessment notices in early January 2017, which are supposed to reflect market value as of July 1, 2017. This may not always be the case and assessment reviews of commercial and Industrial properties should be considered.

Residential Assessment information update for 2021 will be available in early January 2017.

The information below refers to 2017 tax assessment data in two charts. Click on the links below to go directly to that chart.
1. Average Increases of 2017 Assessments Chart
2. Comparison of 2016 Versus 2017 Assessed Value of Residential Properties

"Commercial and industrial properties in close proximity to Vancouver will typically see increases in the 15-40 per cent range," says Jason Grant, of the BC Assessment Authority. Click here or see examples below. He also says "Commercial properties being purchased for eventual redevelopment will often exceed these ranges."

Huge % increases in 2017 Assessments hit hard at the commercial sector.

Very significant increases  have occurred in the commercial assessments in the Lower Mainland and on Vancouver island  in major urban areas.

Here are some examples of the average increases from last year.

Average Increases of 2017 Assessments Chart

M.C. Lount & Associates Ltd. is a leading provider of property assessment reviews and appeals, particularly in the commercial, Industrial and investment sectors, with many successes. Commercial, industrial or investment property owners are welcome to reach us at 604-727-7902 for a free consultation, and possible free review of their assessment, particularly in consideration of the general massive increases this year.

In regards to residential assessments, Jason Grant states that "The majority of residential home owners within the region can expect a significant increase compared to last year's assessment," and "Increases of 30-50 per cent will be typical for single-family homes in Vancouver, North and West Vancouver, Burnaby, Tri-Cities, New Westminster and Squamish. Typical strata residential increases throughout these areas will be in the 15 to 30 per cent range."
Please check out your assessment at e-value section on our web, a free online government service that allows you to look up and compare 2017 property assessments in your city and neighbourhood.

M.C. Lount & Associates Ltd website at www.bcassessment.com includes more details about 2017 assessments, property information.

The summary below provides estimates of typical 2016 versus 2017 assessed values of residential homes and residential strata properties throughout the region. These samples are actual individual assessment examples and are not an average. (Source: British Columbia Assessment Authority)

Comparison of 2016 Versus 2017 Assessed Value of Residential Properties

 

Municipality/Neighbourhood

 (Year Built)

2016

Assessment Roll

(market value as

of July 1, 2015)

2017

Assessment Roll

(market value as

of July 1, 2016)

 

City of Vancouver

 

West Side Single-Family-33' Lot, 1964

$1,940,800

$2,740,300

East Side Single-Family-33' Lot, 1983

$947,300

$1,338,900

West Side Strata Low-rise, 2002

$662,000

$827,000

East Side Strata High-rise, 2003

$405,000

$486,000

City of North Vancouver

 

 

Boulevard Single-Family, 1908

$1,137,700

$1,591,100

Hamilton Single-Family, 1950s

$1,466,000

$1,939,000

Lower Lonsdale Strata Townhouse, 1995

$729,000

$914,000

Central Lonsdale Strata High-rise, 2001

$333,000

$400,000

District of North Vancouver

 

 

Blueridge Single-Family, 1961

$1,063,000

$1,474,000

Lynn Valley Single-Family, 1971

$1,126,700

$1,640,000

Upper Lonsdale Strata Low-rise, 1990

$441,000

$563,000

Lynn Valley Strata Townhouse, 1979

$628,000

$867,000

District of West Vancouver

 

 

Ambleside Single-Family, 2001

$2,772,000

$3,938,000

Waterfront Single-Family, 1967

$4,380,000

$5,799,000

Altamont Strata Townhouse, 2001

$1,210,000

$1,563,000

Dundarave Strata Low-rise, 1999

$1,159,000

$1,378,000

District of Squamish

 

 

Garibaldi Highlands Single-Family, 1964

$667,000

$892,000

Downtown Single-Family, 1950

$432,000

$636,000

Garibaldi Estates Strata Townhouse, 2002

$374,000

$496,000

Garibaldi Estates Strata Low-rise, 1992

$192,000

$271,300

Resort Municipality of Whistler

 

 

Creekside Single-Family, 1979

$1,254,000

$1587,000

Alpine Meadow Single-Family, 1984

$1,138,000

$1,388,000

Village Strata Townhouse, 1997

$550,000

$673,000

Blackcomb Benchlands Strata Townhouse, 1995

$703,000

$896,000

City of Burnaby

 

 

Capitol Hill Single-Family, 1946

$936,900

$1,336,800

Buckingham Single-Family, 1971

$1,862,000

$2,726,000

Metrotown Strata High-rise, 1999

$511,000

$608,000

Sullivan Heights Strata Townhouse, 1972

$433,000

$560,100

City of Coquitlam

 

 

Central Coquitlam Single-Family, 1980's

$1,000,000

$1,325,000

Westwood Plateau Single-Family, 1992

$1,021,000

$1,401,000

Town Centre Strata High-rise, 2009

$375,000

$478,000

Maillardville StrataTownhouse, 1989

$376,500

$477,900

City of Port Coquitlam

 

 

Citadel Heights Single-Family, 1990's

$805,000

$1,058,000

Lincoln Park Single-Family, 1970's

$620,000

$848,000

Downtown, Strata Low-rise, 1995

$250,000

$291,000

Citadel Strata Townhouse, 1994

$520,000

$698,000

City of Port Moody

 

 

Hertiage Woods Single-Family, 1997

$1,349,000

$1,842,000

North Shore Single-Family, 1970s

$1,019,000

$1,380,000

Newport Strata High-rise, 2005

$394,000

$493,000

Newport Strata Low-rise, 1996

$414,000

$524,000

City of New Westminster

 

 

Queen's Park Single-Family, 1910s

$1,209,000

$1,609,000

Sapperton Single Family, 1960s

$909,000

$1,132,000

Sapperton Strata High-rise ,1992

$436,000

$533,000

Downtown Strata Townhouse, 1993

$431,000

$587,000

www.bcassessment.com also provides a link to a free online government e-value service that allows you to look up and compare property assessments in your city and Neighbourhood.

Compare your commercial or residential property assessment with that of other properties by address or by sold properties here 


Decisions

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Articles
by Michael C. Lount, B.A.Sc., AACI

Facts on B.C. Property Assessments and the 2021 Assessment Roll
Greater Vancouver Top 100 Valued Houses
500 Top Valued Residential BC Properties for 2021.
BC Assessment Roll Taxable Values by Assessment Area and Property Class (2021 vs 2020)
Citizens Advisory Group on Property Taxation
Commercial and Residential Assessment Changes for Greater Vancouver 2021
Your 2022 Assessment Notice
Property Assessment Reviews - An Introduction
If you did not receive your assessment notice.
 
     
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