How do I find the assessed value of my property in BC?

How do I find the assessed value of my property in BC?

Anyone can visit www.bcassessment.ca and input a property address to see the assessed value. Users can also view the value of neighbouring properties, and see what they may have sold for in the past year. All you need is the property’s street address.

How do I get a legal description of a property in BC?

You can find a property’s PID or legal description through:

1. ParcelMap BC using geographic location, PID, civic address or other identifier.
2. BC Assessment’s Assessment Search (civic address required)
3. A tax assessment notice from BC Assessment.
4. Municipal tax notice.

How do I find my BC folio number?

A PID is a unique nine-digit number used to identify titled parcels of land in BC. The PID can be found on a property’s tax assessment notice. A PID is automatically assigned by the land title system when the parcel is created through registration of a subdivision or Crown grant.

How are houses assessed in BC?

How does BC Assessment determine property values? Your assessment is based on the market value of your property as of July 1st of the previous year. When determining the assessed value, our appraisers consider your property’s unique characteristics, including: The location of the home.

Will BC assessments go up in 2022?

In early December, BC Assessment provided early notification to property owners who are projected to expect a large increase above the average change in their local taxing jurisdiction (i.e., municipality) on their upcoming 2022 assessment notice.

Will house prices drop in BC?

Residential property sales are forecast to drop 17 per cent in 2022 after a year of record highs, said the B.C. Real Estate Association (BCREA) Wednesday — and that, projects the realtor advocacy group, will only lead to even higher housing prices.

What is a PID number BC?

access a Property Identification (PID) number to search the Land Title and Survey Authority (LTSA) System; search for property ownership or location information; obtain detailed property assessment roll information including recent sales; and. obtain residential property inventory details.

What is civic address BC?

A Civic address is a sequential number assigned off the closest known named road for the purpose of navigating or way finding to that location. Local governments are responsible for assigning civic addressing in British Columbia.

What is a folio number property BC?

BC ASSESSMENT INFORMATION. FOLIO. A collection of data identified by a roll number, that consists of ownership, actual value and other information required for assessment purposes. A folio usually describes one parcel and any improvements on it.

How do you find out who owns a property in BC?

BC OnLine customers can search the BC Assessment database to:

1. access a Property Identification (PID) number to search the Land Title and Survey Authority (LTSA) System;
2. search for property ownership or location information;
3. obtain detailed property assessment roll information including recent sales; and.

Why did BC assessment go up so much?

“The widely reported heightened demand among homebuyers during the COVID-19 pandemic is reflected in the upward movement of property values across the province including 10 to 30 percent increases throughout the Lower Mainland.”