BC Property Assessment

B.C.’s Property Assessment Reveal the Most Expensive Homes Around British Columbia

Every year all the properties in the province get assessed by B.C. Assessment and this years list featured the most valuable properties in British Columbia.

From high rise penthouses to Point Grey mansions, B.C is stacked with unbelievably beautiful, and unbelievably expensive properties. Topping the list is a property in Point Grey Rd. at a whopping $75.8 Million. This property was valued at around $12 Million last year.

Vancouver’s top 100 properties featured 14 multi-million dollar homes on Point Grey Rd. making it one of the most exclusive streets in B.C.

B.C.’s most valuable Condo is located on Thurlow St. overlooking Coal Harbour. This view will cost you $25.2 Million. Fraser Valley’s most expensive home comes in at $24.5 Million and is located in Grandview Heights in Surrey.

Here is The Assessement Top 10 Multi-Million Dollar Properties in Bc by Area

1. 3085 Point Grey Rd. Vancouver – $75.8 Million
2. 4707 Belmont Ave Vancouver – $69.2 Million
3. James Island Vancouver Island – 51.6 Million
4. 3330 Radcliffe Ave. in West Vancouver – $35.2 million
5. 3101-277 Thurlow St. in Vancouver. – $25.2 million
6. 17146-20 Ave. in Surrey – $24.5 million
7. 3195 Humber Rd. in the Victoria – $14.3 million
8. 4358 Hobson Rd., Kelowna – $9.2 million
9. 1251 Lake Dr. near Invermere – $5.4 million
10. 7516 259 Rd. in Fort St. John – $2.7 million

90,000 homeowners around B.C. are getting sent warning letters about rising assessments.

Many single family Homeowners are seeing a significant increase in the assessed values of their properties, with increases as much as 30 to 50 percent.

Increases to residential strata properties will be in the range of 15 to 30 percent.

Areas hardest hit by Assessment:

• Vancouver
• The North Shore
• Squamish
• Burnaby
• The Tri-Cities
• Richmond
• Surrey

That is the market value of those homes as of July 1 of 2016. What might be happening for instance today or next month in any given market would be reflected in the 2018 assessment roll. – Jason Grant, assessor for the Greater Vancouver region

This increase in property value do not automatically translate into an increase in property taxes. Tax value is determined by other factors like your property value compared to your neighbours.

Notification letters will go out to homeowners whose property assessments have gone up much more than others in their area.

To get more information about your property assessment, please contact Nuvola.