Thousands warned of property value spike

Early notifications go out to homes that face assessment jump of more than 15 per cent

An unusually high number of Metro Vancouver homeowners are being warned they will get a sharply higher property assessment next month that may trigger an unwelcome property tax increase.

BC Assessment says it has sent out 37,000 early notification letters across B.C., with almost two-thirds of them going to Metro Vancouver home owners. That’s significantly more than most years.

“Early notification letters are mailed to property owners who can expect an increase of at least 15 per cent above the average increase in their local taxing jurisdiction,” said assessor Jason Grant.

“We want to ensure impacted property owners are aware of the significant increases and we welcome them to contact us. if they have any questions or concerns.”

Increases of 15 to 25 per cent will be typical for single-family detached houses in Vancouver, the North Shore, Burnaby, Tri Cities, New Westminster, Richmond and Surrey, Grant said.

He said typical strata residential increases will be in the five to 10 per cent range.

Examples of the sort of increases coming in the Surrey area include a 1981 detached house in South Surrey that will see its 2016 assessment climb 10 per cent to $790,000 from $716,000, as well as a 1983 house in Fleetwood that’s up 11 per cent from $514,000 to $573,000.

The final assessments that go out in early January reflect the market value as of July 1.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Stephanie Cadieux, recently re-elected as MLA for Surrey South, has been named BC Liberal Caucus Chair. (contributed photo)
Surrey South MLA Stephanie Cadieux named Liberal caucus chair

Longtime MLA confident BC Liberals will present an effective opposition

The 3D Digital Breast Tomosynthesis Mammography machine, new to the Surrey Breast Health Clinic at the Jim Pattison Outpatient Care and Surgery Centre. (submitted photo)
New 3D breast-cancer technology in Surrey ‘has already helped so many women’

Digital breast tomosynthesis new to Surrey Breast Health Clinic

Anita Huberman, CEO Surrey Board of Trade. (File photo: Tom Zytaruk)
Surrey Board of Trade calls for ‘immediate’ government help for businesses shut down

‘Don’t punish all businesses for the sins of a few,’ CEO Anita Huberman says

Gurdawara Sahib Dasmesh Darbar in Surrey is warning the public of a possible COVID-19 exposure at the temple between Nov. 18 and 20. (Photo: Google Street View)
Surrey gurdwara warns of possible COVID-19 exposure

Facebook post says individual was at the temple Nov. 18 to 20

Provincial health officer Dr. Bonnie Henry updates B.C.’s COVID-19 situation at the B.C. legislature, Nov. 23, 2020. (B.C. government)
B.C. daily COVID-19 cases hits record 941 on Tuesday

Further restrictions on indoor exercise take effect

(Pixabay.com)
Man, 28, warned by Kootenay police to stop asking people to marry him

A woman initially reported the incident to police before they discovered others had been popped the question

Winston Blackmore (left) and James Oler (right) were sentenced on separate charges of polygamy this week in Cranbrook Supreme Court.
No more charges expected in Bountiful investigation, special prosecutor says

Special prosecutor says mandate has ended following review of evidence from Bountiful investigations

(Ashley Wadhwani/Black Press Media)
Refuse to follow B.C.’s mask mandate? Face a $230 fine

Masks are now required to be worn by all British Columbians, 12 years and older

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Join Black Press Media and Do Some Good
Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

BC Teachers' Federation President Teri Mooring is asking parents of school-aged children to encourage the wearing of masks when possible in schools. (THE CANADIAN PRESS/Chad Hipolito)
LETTER: Teachers union encourages culture of mask wearing in B.C. schools

BCTF President Teri Mooring asks parents to talk with children about wearing masks in school

Prime Minister Justin Trudeau speak to the media about the COVID-19 virus outside Rideau Cottage in Ottawa, Friday, Nov. 20, 2020. THE CANADIAN PRESS/Adrian Wyld
Canada’s inability to manufacture vaccines in-house will delay distribution: Trudeau

First doses of COVID-19 vaccine expected in first few months of 2021, prime minister says

Police lights
Vancouver elementary school locked down after unknown man walks into classroom

Police arrested the man and sent him for a psych evaluation

Most Read