2014 BC Assessment

I got my assessment today and it was down $30,000, the majority of the street has gone down in similar numbers as well. How the hell do they determine the assessments?? I doubt our taxes will go down.

I’m guessing they look at how much houses sold for in your area, the condition of your house, and then come up with a number (or a combination of witchcraft and alchemy, jk). Yeah, it would be nice if our taxes did not increase too much!

According to my assessment, my house’s assessed value jumped by almost 30%. I’m not sure how much that will affect my taxes. I don’t know if the amount will be chump change not worth my time to protest, or if it will be significant. Does anyone have any knowledge or experience with this?

My “Total Assessed” dropped in value by $20,000. What I have noticed that seems odd is all the houses in my area is the “Total Land” value dropped by 25% and the “Total Buildings” on the land increased by 10 to 15%.

It will be interesting to see how this plays out in my taxes.