Property assessments have been released for 2025, and there has been minimal adjustments in Maple Ridge and Pitt Meadows.
The typical single family residential assessed value in Maple Ridge is virtually unchanged at $1,223,000 for 2025, where it was $1,226,000 in 2024.
Pitt Meadows house assessments have dropped more, down two per cent from $1,305,000 last year, to $1,285,000 in 2025.
Strata (townhouse and apartment) assessments in Maple Ridge have gone from $668,000 to $655,000.
The 2025 property assessments, which reflect market values as of July 1, 2024, were announced for more than 1.12 million properties across the Lower Mainland. The updated property values are now available at bcassessment.ca, in addition to 2025 property assessment notices being mailed to each property owner.
"Across the Lower Mainland and throughout B.C., the overall housing market has generally stabilized in value for a second consecutive year," said BC Assessment assessor Bryan Murao. "Most homeowners can expect only modest assessment changes..."
BC Assessment collects, monitors and analyzes property data throughout the year. The website also provides access to a free, online property assessment search service that allows anyone to search, check and compare 2025 property assessments anywhere in B.C.
For the Lower Mainland, the overall total assessments have remained flat from about $2 trillion in 2024 to $2.01 trillion this year. Almost $27 billion of the region's updated assessments are from new construction, subdivisions and rezoning properties.
"Property owners can find valuable information on our website including answers to many assessment-related questions, but those who feel that their property assessment does not reflect market value as of July 1, 2024 or see incorrect information on their notice, should contact BC Assessment as indicated on their notice as soon as possible in January," said Murao.
"If a property owner is still concerned about their assessment after speaking to one of our appraisers, they may submit a Notice of Complaint (Appeal) by Jan. 31, for an independent review by a Property Assessment Review Panel," he added.
The Property Assessment Review Panels, independent of BC Assessment, are appointed annually by the provincial government, and typically meet between Feb. 1 and March 15 to hear formal complaints.
Assessments provide the foundation for local and provincial taxing authorities to raise over $10 billion in property taxes each year. This revenue funds community services provided by local governments, and the K-12 education system.
"Changes in property assessments do not automatically translate into a corresponding change in property taxes, said Murao.
"As noted on your assessment notice, how your assessment changes relative to the average change in your community is what may affect your property taxes."
