While B.C. property assessments may have spiked this year, there hasn’t been a corresponding bump in the number of people complaining about it, at least officially.
Last month saw property assessments go up by 30 to 50 per cent on a single-family home in B.C.
That had some homeowners worried because they feared for their bottom line.
The biggest misconception is that the higher your property value goes, the higher your taxes climb as well.
Now, BC Assessment has released the appeal rates for this year and almost 99 per cent of property owners opted not to appeal their assessment.
For 2017, a total of 27,887 property assessments were appealed which equates to about 1.38 per cent of the just over 2-million total properties on the 2017 property assessment list.
Final dispute numbers will be released at the end of March.