Happy New Year
I hope the holiday season treated you and your family well, all things considered, and that 2022 will be a good year.
If you have not already received your 2022 BC Property Assessment, expect an increase once again as assessed values are reported to be up across the board.
Assessment notices show the estimated market value as of July 1, 2021, and physical condition as of Oct. 31, 2021, as determined by B.C. Assessment. The organization takes into account a range of factors, from nearby sales to location, condition, and improvements. They are not always correct and do not necessarily represent the current market value.
If you have any concerns about your property assessment notice and feel that it is not correctly representative of other similar homes in your area, you have until Monday, January 31st, 2022 to appeal your assessments. Notice of Complaint form can be found on line at bcassessment.ca
If you have any questions about values in your neighbourhood for contesting or about the current real market value of your property, please feel free to call and I would be happy to discuss what this changing real estate market means to the price of your home.
I look forward to speaking in the New Year and wish you all the best in 2022!