Langley City and Township will use BC Assessment info to determine this year’s property taxes. Assessments are in the mail and can be seen online now. (Langley Advance Times files)

Langley City and Township will use BC Assessment info to determine this year’s property taxes. Assessments are in the mail and can be seen online now. (Langley Advance Times files)

Property values up in Langley Township, City

BC Assessment’s annual property value assessments are out

Most homes in Langley saw their property assessments rise in 2020, with single-family homes seeing a greater average increase than condos and townhouses.

BC Assessment takes a “snapshot” of property values every year, in July. Numbers are released at the start of the new year and provide a basis for property tax valuations by cities and towns across B.C.

In Langley City, the average assessed value of a single family home rose from $809,000 to $838,000 in 2020, a four per cent increase.

In the Township, the average assessed value rose from $922,000 to $986,000, a seven per cent jump.

The average assessed values of strata homes – both condos and townhouses – rose in Langley City from $369,000 to $381,000, a three per cent increase.

In the Township, the same types of properties rose from $369,000 to $381,000 in assessed value, a two per cent increase.

READ MORE: BC property values went up 4.2% in 2020 as most homeowners see moderate increases

The increases in Langley were pretty much in line with the “moderate increases” BC Assessment saw across the province, where assessed home values rose an average of 4.2 per cent.

While assessments impact how property taxes are calculated, a rising or falling assessment does not automatically mean rising or falling property taxes.

Municipalities adjust property taxes based on the average rise or fall in assessments for various property classes, including single family homes, condos, industrial properties, and commercial land.

Property taxes can go up more than expected if one property’s assessment goes up more than the local average. But if a property sees a less than average increase, or drops in assessed value while similar properties are rising in value, property taxes might go down.

Property owners can file an appeal of their assessment if they feel it is wrong during January. The deadline this year is February 1. Appeals can be filed online at bcassessment.ca or by phoning 1-866-825-8322.

LangleyProperty taxesReal estate

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Mark Chandler, outside of his extradition hearing at the Vancouver Supreme Court. (Langley Advance Times files)
Langley condo builder’s fraud sentencing in U.S. delayed due to COVID-19

Mark Chandler’s own lawyer contracted COVID-19 in December

People have noticed pine siskins dying in the area, part of a trend of larger numbers of the finch flocking to the area about every five years. The larger numbers result in crowding and increased spread of salmonella. (Wikipedia photo)
Langley birdwatchers seeing dead finch species in higher numbers

Pine siskins are in the area in larger numbers. They are prone to salmonella which is fatal for them

Electric charging stations, like this one outside the new North Delta Centre for the Arts, might be seeing more commercial delivery vehicles using them soon, if a provincial rebate program takes off. (James Smith photo/Special to Black Press Media)
Restaurants to get big rebates for electric delivery vehicles

The project boosts the rebates for electric commercial and industrial vehicles in B.C.

The CubicFarm System moves rows of leafy greens through a system calibrated to grow the perfect crop. (cubicfarms.com)
Veritcal farm company based in Pitt Meadows, Langley raises millions

The company has raised more than $15 million from investors

Langley Thunder (Black Press Media files)
Langley Thunder trades for Maple Ridge’s Cody Malawsky

BC Junior A Lacrosse League draft was held remotely on Thursday, Jan. 14

Health Minister Adrian Dix and provincial health officer Dr. Bonnie Henry head for the press theatre at the B.C. legislature for an update on COVID-19, Jan. 7, 2021. (B.C. government)
B.C.’s COVID-19 spread steady with 509 new cases Friday

Hospitalized and critical care cases decline, nine deaths

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Seasonal influenza vaccine is administered starting each fall in B.C. and around the world. (Langley Advance Times)
After 30,000 tests, influenza virually nowhere to be found in B.C.

COVID-19 precautions have eliminated seasonal infection

Prime Minister Justin Trudeau listens to a question during a news conference outside Rideau cottage in Ottawa, Friday, January 8, 2021. THE CANADIAN PRESS/Adrian Wyld
Trudeau says Canada’s COVID vaccine plan on track despite Pfizer cutting back deliveries

Canadian officials say country will still likely receive four million doses by the end of March

Jobs Minister Ravi Kahlon shared a handwritten note his son received on Jan. 13, 2021. (Ravi Kahlon/Twitter)
Proud dad moment: B.C. minister’s son, 10, receives handwritten note for act of kindness

North Delta MLA took to Twitter to share a letter his son received from a new kid at school

Lilly and Poppy, two cats owned by Kalmar Cat Hotel ownder Donna Goodenough, both have cerebellAr hypoplasia, a genetic neurological condition that affects their ability to control their muscles and bones. Photo by Alistair Taylor – Campbell River Mirror
VIDEO: Wobbly Cats a riot of flailing legs and paws but bundles of love and joy to their owner

Woman urges others to not fear adopting cats with disabilities

Chief public health officer Dr. Theresa Tam provides an update on the COVID-19 pandemic in Ottawa on Friday, Jan. 8, 2021. THE CANADIAN PRESS/Sean Kilpatrick
Canada’s top doctor says to avoid non-essential travel as B.C. explores legal options

Premier John Horgan says he is seeking legal advice on whether it can limit interprovincial travel

The Delta Hospice Society operates the Harold & Veronica Savage Centre for Supportive Care (pictured) and the Irene Thomas Hospice in Ladner. (The Canadian Press photo)
Fraser Health to evict Delta Hospice Society, open new hospice beds next door

Health authority will serve DHS 30 days’ notice when service agreement expires Feb. 25

Martin Luther King Jr. addresses the crowd during the march on Washington, D.C., in August of 1963. Courtesy photo
Government reinforces importance of anti-racism act on Black Shirt Day

B.C. Ministers say education “a powerful tool” in the fight for equity and equality

Most Read