Home Assessments for 2026

2026 property assessments are out and show an overall slight decline in values for homes on the North Shore. BC Assessment determines property values based on the value of market sales as of July 1st of the preceding year, it is possible that some homes may have increased while others decreased. The assessments are used by the DNV to allot each parcel's tax responsibilities. BC Assessment provides accurate property and value information to: tax authorities, property owners, municipal, provincial and federal government agencies, realtors, appraisers, lawyers, bankers, title search companies, and other private and public agencies. Recently, more information has been added to the BC Assessment website for every home including property value history, graphs, neighbouring properties and comparable sold properties.

Your assessment is not the market value of your home. Land and house values can shift for various reasons, often influenced by changes in zoning, environmental factors, market demand, and neighbourhood dynamics.

 You may want to consider the accuracy of your assessment if you are planning to sell your home or if your increase was significantly higher than the average or think it's too high and will result in an unfair tax burden. Appeals can be made until January 31. It can be an intimidating task to appeal your assessment and LynnValleyLife can help support your effort, feel free to contact us. You will need to gather comparable sales data. There is also a possibility – albeit rare – that your assessment appeal results in a higher assessment.