Are you wondering if you should appeal your BC Assessment?

Are you wondering if you should appeal your BC Assessment?

At this time of year I often receive calls from clients regarding their property assessments. 

Many people receive assessments that have either gone up or have gone down from the previous year’s assessment.  It seems that this year, many clients are reporting that their assessed values have gone down.  In Nanaimo there has been a drop of 3% in the average selling price of single family homes over the last 12 months.  With this in mind, it stands to reason that assessed values would depreciate as well.

One option available to home owners is that they may appeal their assessment up to January 31^st.  In order to file an appeal, it is important to do your research beforehand.  BC Assessments offers a free online service, called e-value BC, whereby you can compare your assessed value with that of your neighbours.

BC Assessment describes this service as follows:

“e-valueBC - Compare Assessments Online is a free service that enables you to check the fairness of your assessed value with similar properties at any time during the year. You can also compare your assessed value with the selling price of properties with similar characteristics in your neighbourhood and property owners can display additional property details for up to eight (8) properties per search. "

I invite you to also read my post “What is the difference between assessed value and market value?”

If you would like to know the current market value of your home please either complete this form or contact me.  I would be happy to help.