Online BC Assessments Are Now Available

If you’re a property owner in British Columbia, it’s that time of year again: BC Assessments are now available online. Every January, BC Assessment releases updated property valuations that impact property taxes and provide valuable insights into real estate trends across the province.

What Is BC Assessment?

BC Assessment is a Crown corporation responsible for assessing the value of all properties in British Columbia. These assessments form the basis for property taxation and are a useful tool for homeowners, buyers, and investors to gauge market trends and property values in their area.

How to Access Your BC Assessment

Accessing your property assessment is quick and easy through the BC Assessment website. Here’s how:

1. Visit the Website: Go to the BC Assessment online portal.

2. Log In or Search: You can log in or search for a specific property using the address or folio number.

3. View Your Assessment: Once located, you’ll find the assessed value of the property, including land and improvements.

Key Information on Your Assessment

Your assessment includes:

• Assessed Value: Reflecting the market value as of July 1 of the previous year.

• Property Classification: Residential, commercial, or other classifications that affect taxation.

• Sales Data: Information about recent sales in your neighbourhood to provide context for the valuation.

Why Your Assessment Matters

Your property assessment determines your share of municipal and regional taxes. While the assessed value is not the same as market value, it often serves as a baseline for understanding property worth. For buyers and sellers, assessments are a starting point for negotiations and market analysis. For investors, they provide insight into property trends across different neighbourhoods.

Market Trends in 2025

Early indications suggest varied trends across BC regions, with some areas experiencing stable values and others seeing fluctuations. Reviewing assessments in your neighbourhood can help you better understand local market dynamics.

Final Thoughts

The release of BC Assessments is a crucial moment for property owners to check their valuation and plan for the year ahead. Whether you’re budgeting for taxes, evaluating your property’s value, or staying informed about the market, this information is indispensable.

Visit the BC Assessment website today to view your 2025 property assessment. Stay informed, and take action if needed!