SURREY — In the next few days, owners of more than 494,000 properties throughout the Fraser Valley region can expect to receive their 2019 assessment notices which reflect market value as of July 1, 2018.
"The majority of residential homeowners within the Fraser Valley can expect a modest change compared to last year's assessment," says Fraser Valley Deputy Assessor Brian Smith. "As of July 1, we continued to see strong market activity in the strata residential market throughout the region, whereas the single-family residential market was relatively stable.”
As B.C.'s trusted provider of property assessment information, BC Assessment collects, monitors and analyzes property data throughout the year. The table below indicates the Fraser Valley region's estimated range of percentage changes to 2019 assessment values by property type compared to 2018. Please note property assessments may vary by jurisdiction or municipality within the region.
Overall, the Fraser Valley’s total assessments increased from almost $489.8 billion in 2018 to more than $540.4 billion this year. A total of almost $10.7 billion of the region’s updated assessments is from new construction, subdivisions, and rezoning of properties. BC Assessment’s Fraser Valley region includes properties in Surrey, Richmond and Delta, and throughout the rest of the Fraser Valley up past Hope and Boston Bar.
NEWS RELEASE January 2, 2019