BC Property Values CRASH in 2026! (Low Tax Assessments)

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It’s that time of year when BC Property Assessments go out to homeowners. There is, however a very common misconception among home owners as to just how accurately the annual BC Property Assessment reflects the true market value of your property.

In this video, Surrey real estate specialist Steve Karrasch of Macdonald Realty, discusses how exactly the government comes up with your annual tax assessed value, how accurately it reflects the value of your property, what actually causes your annual property taxes to increase and provides a real life example to highlight all of this.

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The opinions expressed herein are solely that of Steve Karrasch PREC and not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.