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Property Assessments and Property Taxes: A not-so complicated relationship

A common misconception is that a significant change in your assessed value will result in a proportionately significant change in your property taxes.

The most important factor is not how much your assessed value has changed, but how your assessed value has changed relative to the average change for your property class in your municipality or taxing jurisdiction. You can find your property class on your assessment notice next to your assessed value.

Click here to find the average change for your property class in your jurisdiction.

Find more information here: https://info.bcassessment.ca/propertytax

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