SP  Gill

SP Gill

REALTOR®

HomeLife Benchmark Realty*

Mobile:
604-782-7710
Office:
604-530-4141
Toll Free:
1-877-819-4191
Email Me
SP  Gill

SP Gill

REALTOR®

HomeLife Benchmark Realty*

Mobile:
604-782-7710
Office:
604-530-4141
Toll Free:
1-877-819-4191
Email Me

What is BC Assessment value?

 

As We Are the Best Realtor In Canada, Here We Are  At SP GILL Realtor Supposed To Provide Useful Information About BC Assessment Value

What is The BC Assessment value?

Each year, the British Columbia Assessment (BCA) analyses property values across the province in order to determine the value of homes and this is used as the basis for property tax calculations.

Assessments are the estimate of a property’s market value as of July 1, 2019, and adjusted for physical condition and zoning as of October 31, 2019. The market value is used because this method has been elected as the fairest way to distribute the property tax burden.

 

BC Assessment carries out assessments on the same dates across the province in order to be fair since the main goal is for the determination of property tax. However, this publicly available assessment is also used for the determination of market value by appraisers and estimators for a variety of reasons (equity determination, loan risk or loan-to-value ratios, listing prices, etc.). The appraisers and estimators do not have a standardized approach in their estimates and this causes confusion.

Clearly, BC Assessment property values are NOT the same as current market values because it is taken at a singular point in time and does not reflect current market changes.

 

If You Are Planning For Your Next Dream Home Or Real Estate Needs Choose Canada,s Most Trusted SP Gill Realtor Real estate Services 

Feel Free To Contact Us:

Mail: spgillrealtor@gmail.com

Phone: +1 604-782-7710

Website:  www.spgill.ca

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