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BC Assessment classifies and values all real property in British Columbia. Each year, property owners receive an assessment notice in January and a property tax notice inthe spring. Property taxes are determinedby your local government and based on the assessment value of your property. Your assessment notice estimates the market value of your propertyas of July 1 of the previous year. Our professional appraisers analyzesales in the local area, as well as the propertys attributes such as size, age, quality, condition, view and location. To make sure assessments are fair, they are all calculated based on the same date of July 1 every year. Our job is to make sure your assessment isfair and accurate compared to your neighbors. It is important as a property ownerto understand what you need to pay attention to on your assessment notice. Your Property Assessment Notice will describe to you what the information is, why itmay be important, where to find more detailed information,
