Property values in the Tri-City village of Belcarra rose the highest in the Lower Mainland, according to figures released today, Jan. 2, by BC Assessment.
Single-family home and land values in the village as of July 1, 2023, shot up nine per cent over the previous year versus around three per cent for the rest of the region:
- Coquitlam: 4%
- Port Coquitlam: 3%
- Port Moody: 2%
- Anmore: 1%
- Vancouver: 4%
- Burnaby: 4%
- New West: 2%
- Maple Ridge: 2%
But Bryan Murao, assessor for Lower Mainland residential and provincial strata, told the Tri-City News that Belcarra’s nine per cent hike could be misleading as spikes can sometimes happen in smaller municipalities that don’t have a lot of properties.
Meanwhile, multi-family dwellings, such as apartments and townhomes, also showed lower-than-usual assessment increases — if any:
- Coquitlam: 1%
- Port Coquitlam: 3%
- Port Moody: 0%
- Vancouver: 0%
- Burnaby: 1%
- New West: 3%
- Maple Ridge: 2%
Notifications about 2024 assessments will be mailed to home and business owners this week.
To check your home’s value online, you can go to BC Assessment’s website and search under your address.
Assessments, which determine property values, classifications and exemptions through location, size, land surface, shape, use, age and condition, play a part in how much the municipality will charge you in property taxes in July.
Last month, Coquitlam city council adopted its 2024 budget with a 8.92 per cent jump in property taxes while Port Coquitlam is eyeing a 5.58 per cent uptick and Port Moody is considering a 8.13 per cent rise.
In B.C., about 88.5 per cent of all properties are classified with some residential (Class 1) component.
The Tri-City News obtained a list of the Top 20 homes in the Tri-Cities with the largest assessments, showing Diane Spraggs' property (next to David Avenue and currently surrounded by a concrete wall) with the highest amount:
- 3333 Caliente Pl., Coquitlam
- $13.1 million
- 277 Turtlehead Rd., Belcarra
- $10.3 million
- 185 Turtlehead Rd., Belcarra
- $9 million
- 4593 Belcarra Bay Rd., Belcarra
- $7.8 million
- 1080 Uplands Dr., Anmore
- $7.4 million
- 4841 Belcarra Bay Rd., Belcarra
- $6.9 million
- 3053 Anmore Creek Way, Anmore
- $6.8 million
- 3278 Black Bear Way, Anmore
- $6.7 million
- 2058 Ridge Mountain Dr., Anmore
- $6.4 million
- 3491 Senkler Rd., Belcarra
- $6.4 million
- 3495 Senkler Rd., Belcarra
- $6.3 million
- 2610 Sunnyside Rd., Anmore
- $6.3 million
- 3486 Wessex Crt., Coquitlam
- $6.3 million
- 748 Alderside Rd., Port Moody
- $6.2 million
- 1450 Crystal Creek Dr., Anmore
- $6.1 million
- 1122 Alderson Rd., Port Moody
- $6.1 million
- 656 Alderside Rd., Port Moody
- $6.1 million
- 1256 Alderside Rd., Port Moody
- $6.1 million
- 4535 Belcarra Bay Rd., Belcarra
- $6 million
- 956 Poirier St., Coquitlam
- $6 million
Do you have a question about your 2024 property assessment? Talk to a BC Assessment assessor by visiting the website or calling 1-866-825-8322. A notice of complaint appeal must be submitted by Jan. 31 for an independent review by a panel; it meets from Feb. 1 to March 15 to hear formal complaints.
