The 2025 property assessments for over 1.12 million properties in the Lower Mainland have been released, reflecting market values as of July 1, 2024. Most homeowners can expect modest changes in assessments, ranging from -5% to +5%. The total assessments in the region have remained stable at approximately $2.01 trillion, with nearly $27 billion attributed to new developments. Property owners can access their assessments online and may appeal if they believe their assessment is inaccurate. Changes in assessments do not directly affect property taxes.
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