Surging Property Values and their Impact on Property Taxes (Updated: 2026)

What do surging property value assessments mean to BC homeowners?

Property owners receive their BC Assessment notices each year. In years when values rise sharply, large percentage increases are not unusual in some markets. That can leave property owners wondering whether a higher assessed value is a blessing or a curse.

Understanding how your property’s value was assessed, the difference between BC Assessment and a Realtor’s estimate of market value, and the information on the e-valueBC website, can help. Be aware of the deadline to appeal your assessment if you believe it is incorrect—check BC Assessment for the current year’s appeal deadline.

Home owner grant (for property taxes)

The provincial government sets a threshold for the home owner grant so that most homeowners can continue to qualify for the full grant as assessments change. For the current threshold and eligibility, visit the BC government’s home owner grant page.

Related: Reporting the sale (or deemed disposition) of your principal residence—CRA principal residence. Additional property transfer tax to foreign buyers.

This post has been prepared for general information purposes. It is not advice. The information presented may not fit your unique situation. Please consult one of our trusted business advisors at RHN CPA for further clarification and interpretation of your circumstances.