VICTORIA – Only one per cent of B.C. property owners appealed their 2024 property assessments.
“For 2024, in our milestone fiftieth anniversary year, we achieved one of our highest acceptance rates and among our lowest appeal rates with British Columbian property owners," says BC Assessment Assessor Bryan Murao. “We know that as more property owners access the market sale comparisons and property information that we provide on our website, the vast majority of British Columbians are satisfied with their property assessments."
Year over year, more than 98 per cent of property owners consistently accept their property assessments without filing an appeal.
A total of 22,798 property assessments or one per cent of all properties in British Columbia were appealed for 2024, one of BC Assessment's lowest appeal rates compared to past years:
| Appeal Rates | 2024 | 2023
| 2022 | 2021 | 2020 | 2019 |
| Total Number of Properties Appealed |
22,798
|
30,268
| 30,571
|
22,371
|
25,445
| 32,180
|
% of Total Properties Appealed from Total Property Count*
| 1.0%
| 1.4%
| 1.4% | 1.1%
| 1.2% | 1.6%
|
* Total number of 2024 properties in British Columbia is 2,184,692.
“While the overall number of properties in B.C. continues to increase, the total number of 2024 assessments appealed has actually decreased considerably. Consistently, less than two per cent of property owners file a property assessment appeal," says Murao. “The low level of appeal rates speaks to BC Assessment's consistency in providing fair and accurate property assessments while providing the public with easy access to information used to determine assessment values."
The deadline to appeal 2024 property assessments was January 31. Independent Property Assessment Review Panels met to consider appeals between February 1 and March 15, 2024. After revisions by the Property Assessment Review Panels, the final total assessed value of all B.C. properties is approximately $2.79 trillion for 2024, an increase of almost three per cent from the 2023 total of $2.72 trillion.
