Understanding Property Assessments and Your Taxes

2019 property assessments have been mailed to all property owners in the province. According to BC Assessment, the average Courtenay single-family home increased in value by 17%. Many communities across BC have experienced higher than average property assessment increases this year. 

It’s important to note that a property assessment increase doesn’t necessarily result in a significant increase to property taxes. What matters is how an individual property assessment changed in comparison to the average % change in property assessments in the municipality.

City of Courtenay