Learn more about Oak Bay property assessments through BC Assessment.
BC Assessment mails each property owner a Property Assessment notice on December 31, with the determination of a property’s market value as of July 1 that year. They consider many factors to establish property value.
Factors Include:
- Size
- Layout
- Age
- Condition
- Location
- Neighbourhood
- Recent sales of similar properties
What should I do with my assessment?
Check all the details on your Property Assessment Notice. If you have questions about your property assessment, contact BC Assessment to speak with an appraiser.
If you still disagree with your assessment after talking with an appraiser, you can file a formal Notice of Complaint (Appeal). The deadline to file a Notice of Complaint (Appeal) is January 31.
Additional School Tax
An additional school tax will apply to residential properties in the province with an assessed value of more than $3,000,000. The additional tax rate is 0.2% on the residential portion assessed between $3,000,000 and $4,000,000 and 0.4% on the residential portion assessed over $4,000,000.
For more information, visit www.gov.bc.ca/schooltax
Questions
If you have questions regarding your assessment, please contact BC Assessment: