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Articles
by Michael C. Lount, B.A.Sc., AACI

Like They Did In 2016 – Reviews and Appeals are Necessary
Press release. January 2017 – BCAssessment.com
by Michael C. Lount, B.A.Sc., AACI

If you are a commercial property owner you should contact us directly for further information.

BC ASSESSMENTS 2017, VANCOUVER, BC — Property owners can expect to receive their 2017 assessment notices in early January 2017, which are supposed to reflect market value as of July 1, 2017. This may not always be the case and assessment reviews of commercial and Industrial properties should be considered.

Residential Assessment information update for 2021 will be available in early January 2017.

The information below refers to 2017 tax assessment data in two charts. Click on the links below to go directly to that chart.
1. Average Increases of 2017 Assessments Chart
2. Comparison of 2016 Versus 2017 Assessed Value of Residential Properties

"Commercial and industrial properties in close proximity to Vancouver will typically see increases in the 15-40 per cent range," says Jason Grant, of the BC Assessment Authority. Click here or see examples below. He also says "Commercial properties being purchased for eventual redevelopment will often exceed these ranges."

Huge % increases in 2017 Assessments hit hard at the commercial sector.

Very significant increases have occurred in the commercial assessments in the Lower Mainland and on Vancouver island in major urban areas.

Here are some examples of the average increases from last year.

Average Increases of 2017 Assessments Chart

M.C. Lount & Associates Ltd. is a leading provider of property assessment reviews and appeals, particularly in the commercial, Industrial and investment sectors, with many successes. Commercial, industrial or investment property owners are welcome to reach us at 604-727-7902 for a free consultation, and possible free review of their assessment, particularly in consideration of the general massive increases this year.

In regards to residential assessments, Jason Grant states that "The majority of residential home owners within the region can expect a significant increase compared to last year's assessment," and "Increases of 30-50 per cent will be typical for single-family homes in Vancouver, North and West Vancouver, Burnaby, Tri-Cities, New Westminster and Squamish. Typical strata residential increases throughout these areas will be in the 15 to 30 per cent range."
Please check out your assessment at e-value section on our web, a free online government service that allows you to look up and compare 2017 property assessments in your city and neighbourhood.

M.C. Lount & Associates Ltd website at www.bcassessment.com includes more details about 2017 assessments, property information.

The summary below provides estimates of typical 2016 versus 2017 assessed values of residential homes and residential strata properties throughout the region. These samples are actual individual assessment examples and are not an average. (Source: British Columbia Assessment Authority)

Comparison of 2016 Versus 2017 Assessed Value of Residential Properties

Municipality/Neighbourhood (Year Built)	2016 Assessment Roll (market value as of July 1, 2015)	2017 Assessment Roll (market value as of July 1, 2016)
City of Vancouver
West Side Single-Family-33' Lot, 1964	$1,940,800	$2,740,300
East Side Single-Family-33' Lot, 1983	$947,300	$1,338,900
West Side Strata Low-rise, 2002	$662,000	$827,000
East Side Strata High-rise, 2003	$405,000	$486,000
City of North Vancouver
Boulevard Single-Family, 1908	$1,137,700	$1,591,100
Hamilton Single-Family, 1950s	$1,466,000	$1,939,000
Lower Lonsdale Strata Townhouse, 1995	$729,000	$914,000
Central Lonsdale Strata High-rise, 2001	$333,000	$400,000
District of North Vancouver
Blueridge Single-Family, 1961	$1,063,000	$1,474,000
Lynn Valley Single-Family, 1971	$1,126,700	$1,640,000
Upper Lonsdale Strata Low-rise, 1990	$441,000	$563,000
Lynn Valley Strata Townhouse, 1979	$628,000	$867,000
District of West Vancouver
Ambleside Single-Family, 2001	$2,772,000	$3,938,000
Waterfront Single-Family, 1967	$4,380,000	$5,799,000
Altamont Strata Townhouse, 2001	$1,210,000	$1,563,000
Dundarave Strata Low-rise, 1999	$1,159,000	$1,378,000
District of Squamish
Garibaldi Highlands Single-Family, 1964	$667,000	$892,000
Downtown Single-Family, 1950	$432,000	$636,000
Garibaldi Estates Strata Townhouse, 2002	$374,000	$496,000
Garibaldi Estates Strata Low-rise, 1992	$192,000	$271,300
Resort Municipality of Whistler
Creekside Single-Family, 1979	$1,254,000	$1587,000
Alpine Meadow Single-Family, 1984	$1,138,000	$1,388,000
Village Strata Townhouse, 1997	$550,000	$673,000
Blackcomb Benchlands Strata Townhouse, 1995	$703,000	$896,000
City of Burnaby
Capitol Hill Single-Family, 1946	$936,900	$1,336,800
Buckingham Single-Family, 1971	$1,862,000	$2,726,000
Metrotown Strata High-rise, 1999	$511,000	$608,000
Sullivan Heights Strata Townhouse, 1972	$433,000	$560,100
City of Coquitlam
Central Coquitlam Single-Family, 1980's	$1,000,000	$1,325,000
Westwood Plateau Single-Family, 1992	$1,021,000	$1,401,000
Town Centre Strata High-rise, 2009	$375,000	$478,000
Maillardville StrataTownhouse, 1989	$376,500	$477,900
City of Port Coquitlam
Citadel Heights Single-Family, 1990's	$805,000	$1,058,000
Lincoln Park Single-Family, 1970's	$620,000	$848,000
Downtown, Strata Low-rise, 1995	$250,000	$291,000
Citadel Strata Townhouse, 1994	$520,000	$698,000
City of Port Moody
Hertiage Woods Single-Family, 1997	$1,349,000	$1,842,000
North Shore Single-Family, 1970s	$1,019,000	$1,380,000
Newport Strata High-rise, 2005	$394,000	$493,000
Newport Strata Low-rise, 1996	$414,000	$524,000
City of New Westminster
Queen's Park Single-Family, 1910s	$1,209,000	$1,609,000
Sapperton Single Family, 1960s	$909,000	$1,132,000
Sapperton Strata High-rise ,1992	$436,000	$533,000
Downtown Strata Townhouse, 1993	$431,000	$587,000

www.bcassessment.com also provides a link to a free online government e-value service that allows you to look up and compare property assessments in your city and Neighbourhood.

Compare your commercial or residential property assessment with that of other properties by address or by sold properties here

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by Michael C. Lount, B.A.Sc., AACI

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	Citizens Advisory Group on Property Taxation
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	Your 2022 Assessment Notice
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Contact Michael Lount