Up, as in up in value and up as in now available online. Most of the assessed prices are current as of July 2010, and up 12% in Vancouver and a dramatic 17.4% in Richmond. Many lower mainland areas saw higher prices, although Whistler is down just over 2%. You can find the assessed value for your house and your neighbors house online here. Thanks to Jesse for the link.
And just because this always comes up when we talk about property tax: Taxes here are not calculated like they are in California. Property tax in Vancouver is based on your properties value in comparison to your neighbors. This means big jumps in value do not mean higher taxes, and drops in value don’t mean lower taxes. The only thing that will make your property tax bill go higher is if the government decides they want more tax money, or your property goes up in value compared to all your neighbors. The only thing that will make your tax bill go lower is if your property value drops in comparison to your neighbors or the government decides it doesn’t want so much money.