“Surely my home is worth more than the assessed value?” The British Columbia Assessment Authority assesses over 2 million properties in BC every year, enabling municipalities to determine each property owner’s share of property taxes. This isn’t the “market value,” which is comparing your home to others in the surrounding area that have sold recently, indicating buyer demand and what someone is actually willing to pay. Your agent can provide the actual value range, which can differ significantly from the assessed value. We’d be happy to chat about your real estate needs.