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2020 Property Assessment


Blog by June Conway | January 4th, 2020


BC Assessment just released its 2020 assessments. The provincial agency appraises all properties, almost two million province wide on an annual basis. The assessment is an estimate of a property’s market value as of July 1, 2019 and physical condition as of October 31, 2019.

BC Assessment said changes in property value reflect movement in the market and can vary greatly from property to property.

Assessors take into account current sales in an area as well as the size, age, quality, condition, view and location of a property.

Here is a rundown of North Shore residential assessment value changes for both single-family homes and strata homes:

Home assessment value changes

District of West Vancouver
Single-family home
2019: $2,803,000
2020: $2,356,000 (-16%)
Strata home
2019: $1,288,000
2020: $1,156,000 (-10%)

City of North Vancouver
Single-family home
2019: $1,510,000
2020: $1,351,000 (-11%)
Strata home
2019: $707,000
2020: $656,000 (-7%)

District of North Vancouver
Single-family home
2019: $1,616,000
2020: $1,479,000 (-9%)
Strata home
2019: $758,000
2020: $693,000 (-9%)



More assessment info can be found on the following links and videos:

BC Assessment

Understanding the Assessment Process

Appeal your tax assessment?
Friendly reminder: appeal cut-off date January 31, 2020