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BC Assessments

Blog by Eric Latta | January 11th, 2012

Homeowners in British Columbia received their 2012 property assessment notices earlier this month from BC Assessment (BCA).    BCA calculates market value by analyzing sales of comparable homes within the local market, and look at factors that affect value such as size of home, view and location.  Realtors’ assessments are sometimes different than BCA's, because realtors take into account differences in a property's lot size and shape, its architectural significance, whether it has a unique view and whether it the owners have made changes that BCA hasn't yet taken into account.  In addition, realtors incorporate market conditions (whether prices have risen or fallen) in the six month period between July 1st and January 1st the following year.  For a thorough and complete market analysis of your home, contact Eric Latta today 604-351-5211 or email him at eric@ericlatta.com.