VICTORIA –Less than two per cent of B.C. property owners appealed their 2022 property assessments.
“With over two million properties in British Columbia and notable assessment value increases for 2022 in many parts of the province, property owners have a keen interest in their assessments and are using our website to review the market sale comparisons and property information that we provide," says BC Assessment Deputy Assessor Bryan Murao. “The result is that the vast majority of British Columbians are satisfied with their 2022 assessments."
Year over year, more than 98 per cent of property owners consistently accept their property assessments without filing an appeal.
A total of 30,571 property assessments or 1.4 per cent of all properties in British Columbia were appealed for 2022, a very typical rate compared to past years:
Total Number of Properties Appealed
|% of Total Properties Appealed from Total Property Count*|
*Total number of 2022 properties in British Columbia is 2,142,457.
“While the overall number of properties in BC has increased, the 2022 appeal rate stayed within the range of the past five years. 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 2022 property assessments was January 31. Independent Property Assessment Review Panels met to consider appeals between February 1 and March 15, 2022. After revisions by the Property Assessment Review Panels, the final total assessed value of all B.C. properties is approximately $2.44 trillion for 2022, an increase of about 21 per cent from the 2021 total of $2.01 trillion.
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