Abbotsford & Mission Real Estate Insider

Confused About Your New BC Assessment?

bigstock-Magnifying-glass-showing-asses-46954270Most of you will see a range between 5% down to 5% up in value. This should not have much effect. For some reason, we have reports of some properties being appraised substantially lower and we are trying to find out why. The assessment you are given is an estimate of market value as of July 1, 2013 so there can be changes since then. If you plan to challenge your assessment, you must file by January 31, 2014. There are videos and step by step instructions on the website:
http://www.bcassessment.ca/pages/default.aspx

Here are some numbers we reviewed from BC Assessment. These examples demonstrate local market trends for residential properties by a geographic area; trends are affected by many variables.

Jurisdiction 2013 Assessment   Roll 2014 Completed   Assessment Roll
(valuation date as of July 1, 2012) (valuation date of July 2, 2013)
City of   Langley (SFD) $479,000 $490,000
City of   Langley (Strata-APT) $203,000 $198,000
City of   Langley (Strata-TH) $280,000 $285,000
Township of   Langley (SFD) $519,000 $530,000
Township of   Langley (Strata-APT) $223,000 $218,000
Township of   Langley (Strata-TH) $341,000 $341,000
City of   Chilliwack (SFD) $394,000 $400,000
City of   Chilliwack (Strata-APT) $188,000 $183,000
City of   Chilliwack (Strata-TH) $275,000 $275,000
District of   Ken (SFD) $335,000 $336,000
District of   Maple Ridge (SFD) $400,000 $408,000
District of   Maple Ridge (Strata-APT) $200,000 $198,000
District of   Maple Ridge (Strata-TH) $361,000 $361,000
City of   Abbotsford (SFD) $420,000 $428,000
City of   Abbotsford (Strata-APT) $189,000 $185,000
City of   Abbotsford (Strata-TH) $330,000 $330,000
District of   Mission (SFD) $338,000 $338,000
District of   Mission (Strata-APT) $175,000 $171,000
District of   Mission (Strata-TH) $200,000 $198,000
City of Pitt   Meadows (SFD) $500,000 $525.00
City of Pitt   Meadows (Strata-APT) $200,000 $198,000
City of Pitt   Meadows (Strata-TH) $350,000 $350,000
District of   Hope (SFD) $275,000 $253,000
Village of Harrison Hot Springs (SFD) $276,000 $284,000

This blog is written and supported by:
www.HomelifeAbbotsford.ca
 OR www.HomelifeMission.ca

300 – 3303 Immel St. Abbotsford BC V2X 5Y1

1 – 32540 Logan Ave Mission BC V2V 6G3

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