VICTORIA – Consistent with past years, only about one per cent of B.C. property owners appealed their 2021 property assessments.
“With over two million properties in British Columbia, many property owners are using our website to review the market sale comparisons and property information we provide,” says BC Assessment Deputy Assessor Bryan Murao. “The result is that the vast majority of British Columbians agree with their 2021 assessments.”
Year over year, more than 98 per cent of property owners consistently accept their property assessments without filing an appeal.
A total of 22,371 property assessments or 1.06 per cent of all properties in British Columbia were appealed for 2021, the lowest rate compared to past years:
Appeal Rates
|
2021
|
2020
|
2019
|
2018
|
2017
|
| Total Number of
Properties Appealed
| 22,371
| 25,445
| 32,180
| 25,270
| 27,903
|
% of Total Properties Appealed from Total Property Count*
| 1.1%
| 1.2%
| 1.6%
| 1.3%
| 1.4%
|
*Total number of 2021 properties in British Columbia is 2,116,898.
“The 2021 appeal rate is the lowest rate over the past five years. Consistently, the rate is less than two per cent,” says Murao. “The relative stability in 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.”
“Appeals for both single family houses and strata homes such as condos and townhouses are particularly low this year, well below one per cent,” adds Murao.
Notably less than 0.7 per cent (or 8,284 properties) out of a total 1,261,144 single detached homes and only about 0.6 per cent (or 3,331 properties) out of a total of 563,238 strata homes were appealed for 2021.
BC Assessment values over 2 million properties in nine separate property classes. The deadline to appeal 2021 property assessments was February 1.
Independent Property Assessment Review
Panels met to consider appeals between February 1 and March 15, 2021. After revisions by the Property Assessment Review Panels, the final total value of all B.C. properties is approximately $2.01 trillion for 2021, an increase of about four per cent from the 2020 total of $1.93 trillion.
-30-
