All property owners are taxed annually based on the assessed values as determined by the BC Assessment Authority. The assessments are based on the market value of the real estate as of July 1st of the previous year.
The appraisers look at recent sales of similar properties, applying similar standard units of comparison: location, size and age.
They get their information from places like the Land Titles Office and Real Estate Transactions. The prices will go up or down, based on market conditions for the area. The only difference will be if there has been a substantial change in your home.
BC assessments are mailed out the first week of January, and you have until January 31st to send in your written appeal. There is no fee to file an appeal.

If you want to compare your home to your neighbor’s assessment, go to www.bcassessment.ca, then click on
E-valueBC, put in your address, and you will be shown the assessed value of all the neighbours on your street. This will give you an idea of the comparable value of your home, and let you determine if you wish to file an appeal.

According to the BC Assessment Authority, Abbotsford residential values have decreased by 1.94% in the last year.
HOMEOWNER GRANTS:
As of January 3rd, the maximum amount of your home owner grant in the Fraser Valley is being raised to $570 and $275 for seniors, disabled and certain veterans, to reflect the general increase in property values in BC.
YOUR BC ASSESSMENT vs.
YOUR HOME’S MARKET VALUE
Although the Assessment Authority works to reflect the market value of your home, our experience has been that your assessment is not an accurate valuation of what you can sell your home for. This is probably a reflection of how much our homes vary in layout, finishing, and buyer appeal. We have found that the current market value can be either higher or lower than your BC assessment.