How does BC Assessment assign a value to my house?
BC Assessment is an independent, provincial crown corporation, accountable to the Government of BC. Their responsibility is to determine the market value of land and improvements and enter the values on the Assessment Roll.
To determine what a property would sell for, an assessor takes into account any factors that might affect the property's value including:
- replacement cost
- rental income
- sales of comparable properties in the area
BC Assessment's e-Value Assessments Comparison application allows you to view and compare current assessments.