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BC Assessment Information
Minimum Income for Farm Tax Status Waived in B.C.
Updated August 14, 2020
The Government of British Columbia is waiving minimum income requirements for existing B.C. farm operations, allowing them to maintain their current property tax farm status for 2021. The one-year waiver of the rule was announced July 29th 2020.
For more information please see: https://news.gov.bc.ca/releases/2020AGRI0045-001412
BC Assessment Office
An independent group that calculates assessment values of all the properties in British Columbia.
For more information contact:
Website: https://www.bcassessment.ca/
Toll Free: 1-800-393-1332
Email: https://www.bcassessment.ca/property/contact
What is my Assessment Value
- Find out the assessment value of your property on BC Assessment Authority Website
BC Assessment Notices
- Mailed out in early January to each homeowner
- Informs the homeowner the value of the property assessed July 1, of the previous year
- A home owner has until Jan 31 of that year to submit an appeal, if they do not agree with the assessed value
- The total assessment value of a property will be a combination of assessments of the building(s) and land
- There are different classifications based on zoning and use of a property (majority in Maple Ridge is Class 1 - Residential)
Property Taxes
- The total assessment value of all the properties in Maple Ridge is used to calculate the tax rate for property taxes
Your Property Value Change and Property Taxes Video
- An increase in your assessment does not necessarily mean an increase in your property taxes. Property tax changes are impacted by your assessment’s change relative to your community’s average assessment change.
The video below from BC Assessment explains what could happen to your property taxes if your assessment is lower, higher or similar to the average change for your property class.