At the beginning of each calendar year, BC Assessment Authority mails property assessments to property owners. The value of your property, as assessed by the BC Assessment Authority, is multiplied by the tax rates as set out by each of the taxing jurisdictions to determine your property tax.
Despite common misconceptions, a higher property assessment does not necessarily mean your property tax bill will increase. Instead, your property tax bill is impacted by how your property assessment changes in comparison to the average change for properties of the same assessment class (i.e., Residential) in your community.
For questions about your assessed value contact the Central Vancouver Island Area BC Assessment Office (#300-125 Wallace St, Nanaimo, BC, V9R 5B2) at 1-800-977-2775 or for general information please view the BC Assessment Authority website
Related Resources
BC Assessment Video: Your Property Value Change and Property Taxes
BC Assessment Video: Understanding Property Assessments & Property Taxes