Property Assessments Arriving in Your Mailbox

If you read the Times Colonist on Friday, January 3rd, you saw the front-page review of tax assessments now hitting property owner’s mailboxes across the Capital Regional District. If you haven’t received your property tax assessment yet, you can access it through bcassessment.ca.

This year’s assessment roll showed little change to slight drops in Greater Victoria single-family home values. Homes in Oak Bay saw the greatest drop of six percent. Homes in Highlands and Central Saanich saw no change. Langford, Sooke and View Royal saw increases in the typical assessment, with the greatest increase of three per cent in Sooke.

The condo market saw values rise across nearly every municipality in Greater Victoria; from two per cent in Saanich, Oak Bay and Esquimalt to four per cent in Langford and Colwood.

Keep in mind, these assessments are an estimate of a property’s market value as of July 1, 2019. If you find yourself in disagreement with your property assessment, you have the right to submit a notice of complaint by January 31st to ask for an independent review. The property assessment review panel members are appointed annually by the Ministry of Municipal Affairs and Housing and they meet between Feb. 1 and March 15 to hear complaints.