2024 Fraser Valley Assessed Values Now Out

2024 Fraser Valley Assessed Values Now Out

BC Assessment is now out with the 2024 assessed values for all properties across the province.  The valuation date of assessed values is July 1 of the proceeding year. So, the assessed value now available reflects a backward looking valuation date of July 1, 2023.  A second important date to bear in mind is Oct. 31 which is the date BC Assessment uses to determine a property's physical condition and permitted use/s, for assessment purposes.

Confused yet? To summarize, you can look up a property's assessed value which will reflect the Oct. 31,2023 physical condition and permitted use of a property, as though valued on July 1, 2023.

BC Assessment has said that residential property assessment values in the Lower Mainland and Fraser Valley have broadly trended in a range of -5% to +5% in terms of value change. This makes sense given real estate board stats that show a surprisingly resilient housing market that is generally balanced and stable, with respect to pricing and activity.

You can search up your own or another property's assessment at the link below:

Assessment Search

If you would like a second opinion on the reasonableness or accuracy of your property assessment, I would be pleased to have a chat to discuss the figures with you. There are no strings attached and I do this is a free service.

Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.