Every year, BC Assessment produces independent assessments for all property owners in the province. Information for 2022 was released on January 4th and is based on market values as of July 1, 2021, and physical condition as of October 31, 2021. The deadline to file an appeal on a property value is January 31st.
When establishing the market value for a property, BC Assessment considers the property’s unique characteristics such as size, layout, age, and condition. However, it does not take into consideration if the land is contaminated or if the property contains any hazardous materials, which can reduce land value. This is important when thinking about buying and selling property.
Need to Understand your Property Better?
If you want to understand your property better and the condition of its environment, Keystone Environmental provides Environmental Site Assessment services. We review current and past property uses of the site and surrounding area with the available data. Our subsidiary, Sterling IAQ Consultants, provide mould consulting and hazardous building materials assessment (asbestos, lead based paints, mercury, etc.) and can help you understand the condition of your property. The environmental liability associated with a property can be determined by reviewing existing environmental reports and comparing the data with the current standards.
WE’RE HERE TO HELP
Keystone Environmental and Sterling IAQ Consultants can support you on your property evaluation needs. Contact us for more information.
Information source: BC Assessment